Fiscal Note
No City Funds required. Private contract.
Title
Approving plans and specifications for public improvements required to serve Milwaukee Street Extension of the Subdivision known as The Meadowlands and authorizing construction to be undertaken by the Developer, and Rescinding Resolution RES-22-00286, File Number 70719, Private Contracts 9165. (16th AD)
Body
WHEREAS, the developer, Anchland, LLC, has received the City of Madison's conditional approval to create the subdivision known as The Meadowlands; 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, the developer proposes to provide public improvements to serve Lots 196-201 and Lots 222-229 of The Meadowlands and Lot 602 of Certified Survey Map 13725 as The Meadowlands - Milwaukee Street Extension; and,
WHEREAS, the Developer has proposed an adjustment of the Milwaukee Street geometry for the project that was approved on April 25, 2022 by RES-22-00286, File Number 70719.
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 The Meadowlands - Milwaukee Street Extension, with Anchland, 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 of Madison at the sole cost of the developer, except as follows: Reimbursement not to exceed the statutory limit for the cost of street improvements that benefit the City and abut lands owned by the City, in accordance with Section 16.23(9)(d)(6)(d).
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 Maintenance Area if a maintenance agreement is executed and recorded as a condition of this contract.
6. The developer shall be permitted to assign this contract for the purposes of obtaining financing in a form to be approved by the City Attorney.
7. The Resolution RES-22-00286, File Number 70719 is hereby rescinded.