Madison, WI Header
File #: 70643    Version: 1 Name: 11862 10451 PSA 10451 Old Sauk Rd
Type: Resolution Status: Passed
File created: 3/22/2022 In control: Economic Development Division
On agenda: 5/10/2022 Final action: 5/10/2022
Enactment date: 5/13/2022 Enactment #: RES-22-00363
Title: Authorizing the City’s execution of a Purchase and Sale Agreement between the City of Madison and Hawthorne & Stone Construction, Inc. for the sale of surplus property located at 10451 Old Sauk Road in the City of Madison. (9th AD)
Sponsors: Nikki Conklin
Attachments: 1. Item 2 Memo Sale of Surplus Property.pdf, 2. Item 2 Attachment Common Council Resolution File 70643.pdf, 3. MAP_10451 Old Sauk Rd Disposal.pdf, 4. 12440 Final Plat.pdf, 5. FILE ID 64599, 6. FILE ID 68697
Fiscal Note
No additional City appropriation is required for the proposed property sale. The purchase price for approximately 607,893 square feet, or 13.96 acres, of City-owned land shall be $2.41 per square foot as identified in the final certified survey map for an estimated total of $1,146,000. Any net proceeds following the sale and associated closing costs will be deposited into the Water Utility Fund.
Title
Authorizing the City’s execution of a Purchase and Sale Agreement between the City of Madison and Hawthorne & Stone Construction, Inc. for the sale of surplus property located at 10451 Old Sauk Road in the City of Madison. (9th AD)
Body
WHEREAS the Property at 10451 Old Sauk Road totals approximately 15.68 acres and was acquired by the Madison Water Utility (the “Water Utility”) in 2000 for the purposes of establishing an aerial reservoir to serve the far west side of the City; and

WHEREAS the property was attached to the City from the Town of Middleton in August 2016 in anticipation of construction of the water tower, which occurred from 2017-2019 and is now completed; and

WHEREAS now that the water tower is established, the Water Utility intends to retain an approximately 1.72-acre parcel (“Outlot 3”) providing access to its water tower and related operations and sell the remainder of the Property, which has been identified as surplus; and

WHEREAS selling the balance of the Property represents an important opportunity to add a tax-generating development for the benefit of the City and its other taxing jurisdictions that can also provide housing, connectivity, transportation, and additional amenities to residents; and

WHEREAS the City of Madison desires new high-quality residential development on the Property that connects to existing neighborhoods in the immediate area, proceeds in a manner that is consistent with adopted City values, plans and ordinances; and

WHEREAS, pursuant to a Request for Proposals (RFP) issued by the Department of Pl...

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