Fiscal Note
The proposed resolution authorizes the execution of an Agreement between the City of Madison and Dane County, to possibly include the City of Verona and the Town of Verona, for the purchase of a property located in the Town of Verona to extend the Ice Age National Scenic Trail. The total purchase price is established at $2,700,000 for 40 acres of land. The City of Madison will pay Dane County $540,000 to acquire 20% of the property following closing. The total purchase price of $2,700,000 will be broken out as follows: Dane County - $1,660,000, City of Madison - $540,000, and City of Verona - $500,000. The proposed resolution also authorizes the future land division of the property to perfect the City’s ownership, and the subsequent annexation of the City’s portion of the property to the City, ultimately providing the City with approximately 8 additional acres along the southern edge of Moraine Woods. This resolution also amends the Parks Division 2022 Capital Budget by providing an additional $10,085 in expenditure authority the Park Land Impact Fee Fund (in addition to the $549,915 in expenditure authority in the Citywide Parkland Impact Fee Fund authorized in the 2022 Adopted Budget) to the Cowling Project for the acquisition, CSM, and annexation costs.
Referrals
Intro: CC (12/7/21)
BPC (12/8/21)
Plan Commission (12/13/21)
Finance (Lead) (1/10/22)
CC (1/18/22)
Title
Authorizing an Agreement with Dane County, along with the land purchase, land division and annexation of approximately 8 acres of land located in the Town of Verona to extend the Ice Age National Scenic Trail and Amending the Parks Division Capital Budget to include funding for the acquisition.
Body
WHEREAS, the Ice Age National Scenic Trail (the “Trail”), extending approximately one thousand miles, from Door County, Wisconsin, to Polk County, Wisconsin, has been recognized by the United States as providing nationally significant scenic, historic, natural and cultural qualitie...
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