Fiscal Note
The proposed resolution authorizes amending Community Development Division’s Men’s Homeless Shelter capital project to accept $3 million from Dane to County and to purchase the property located at 2002 Zeier Road in the City of Madison for homeless shelter purposes. The estimated cost for the property acquisition is $2,600,000 plus an estimated $400,000 for environmental studies, closing costs, and architectural/engineering services to prepare plans for the renovation/conversion of the site to a permanent men’s homeless shelter. The property purchase will be funded by the $3 million already included in the 2021 Adopted Capital budget. This amendment will increase the total project budget to $6 million.
Title
SUBSTITUTE - Amending the 2021 Adopted Capital Budget for the Community Development Division’s Men’s Homeless Shelter capital project to accept and appropriate $3 million from Dane County and Aauthorizing the City’s execution of a Purchase and Sale Agreement between the City of Madison and BIP Enterprises, LLC, or their successors and assigns, for the purchase of the property located at 2002 Zeier Road in the City of Madison for homeless shelter purposes. (17th AD)
Body
WHEREAS, BIP Enterprises, LLC (“Seller”) is the owner of the property located at 2002 Zeier Road, which contains 2.67 acres improved with a 31,550 square foot retail building (“Property”), legally described as follows:
Lots 32 & 32, REGIONAL EAST PHASE II
WHEREAS, the City of Madison (“City”) desires to purchase the Property on which to establish, in partnership with Dane County, a facility that will provide shelter services to men experiencing homelessness; and
WHEREAS, the City Mayor directed City Real Estate Staff to pursue the purchase of one or more properties suitable for such use; and
WHEREAS, the City’s acquisition of the Property would allow the City, in collaboration with Dane County, to create a new space to serve individuals experiencing homelessness; and
WHEREA...
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