Fiscal Note
No City Funds required. Private contract.
Title
Approving plans and specifications for public improvements necessary for the project known as 3914 Monona Drive - Threshold Development and authorizing construction to be undertaken by the Developer, Private Contract No. 9242 (15th AD)
Body
WHEREAS, the developer, 3900 Monona, LLC, has received the City of Madison's conditional approval to demolish four commercial buildings to construct a five-story mixed-use building with approximately 6,400 square-feet of commercial space, two vehicle access sales and service windows, and 69 apartments on one lot at 3900-3920 Monona Drive and 109 Cottage Grove Road, and,
WHEREAS, Section 16.23(9) of the Madison General Ordinances and the conditions of approval require the developer to install the public improvements necessary to serve the rezoning.
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 3914 Monona Drive - Threshold Development, with 3900 Monona, LLC.
2. That the plans and specifications for the public improvements necessary to serve the development 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 of Madison at the sole cost of the developer, except as follows: NONE
4. That the Mayor and City Clerk are hereby authorized to sign and grant easements or right-of-way release or procurement documents, maintenance agreements or encroachment agreements, as necessary and grant or accept dedication of lands and/or easements from/to the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.
5. The Common Council is approved to accept ownership of the improvements in the Ma...
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