Fiscal Note
Private contract. No City funds required.
Title
Approving plans and specifications for public improvements required to serve Phase 1of the Subdivision known as Paragon Place Addition No. 1 and authorizing construction to be undertaken by the Developer, and Rescinding Resolution RES-20-00197. Private Contract No. 8436. (9th AD)
Body
WHEREAS, the developer, Paragon Place at Bear Claw Way II LLC, has received the City of Madison's conditional approval to create the subdivision known as Paragon Place Addition No. 1; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances requires the developer to install the public improvements necessary to serve the subdivision; and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots; and,
WHEREAS, the developer proposes to provide public improvements to serve Lots 7 and 8 as Phase 1; and,
WHEREAS, the developer received approval for a Future Phase developer agreement contract only on March 20, 2020 by Resolution RES-20-00197, File No. 59735.
NOW, THEREFORE, BE IT RESOLVED:
1. That the Mayor and City Clerk are hereby authorized and directed to execute a Contract For the Construction of Public Improvements That Will be Accepted by the City of Madison For Paragon Place Addition No. 1 - Phase 1, with Paragon Place at Bear Claw Way II LLC.
2. That the plans and specifications for the public improvements necessary to serve this phase of the subdivision are hereby approved.
3. That the developer is authorized to construct the public improvements in accordance with the terms of the Contract For the Construction of Public Improvements That Will be Accepted by the City ...
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