Fiscal Note
The proposed resolution approves addenda to two contracts for public improvements (contract numbers 9126 and 9129). The developer and City have mutually agreed to reduce the scope of public improvements. The cost to the City for street improvements that benefit the City and abuts land owned by the City is not to exceed $25,000. Funding is available in Munis Account 14142-402-170. No additional appropriation is required.
Title
Approving Addendum No. 1 to Westwind, Contract No. 9126 and Addendum No. 1 to Westwind - Surface Paving, Contract No. 9129. (9th AD)
Body
WHEREAS, on August 19, 2022, the developer, Westwind Madison Inc., hereinafter the “Developer” had entered into a Contract For the Construction of Public Improvements that will be Accepted by the City of Madison (Westwind, Contract No. 9126) hereinafter the “Contract” with the City of Madison, and;
WHEREAS, on August 22, 2022, the developer, Westwind Madison Inc., hereinafter the “Developer” had entered into a Contract For the Construction of Public Improvements that will be Accepted by the City of Madison (Westwind - Surface Paving, Contract No. 9129) hereinafter the “Contract” with the City of Madison, 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 and the City have since mutually agreed to reduce the scope of the initial public improvements to serve Lots 1-22 and 57-64 as Phase 1, and;
WHEREAS, Section 16.23(9) of the Madison General Ordinances allows the developer to install the improvements in construction phases provided that a Declaration of Conditions, Covenants, and Restrictions is executed for those lots included in future construction phases until such time as surety is provided to the City to guarantee the installation of the public improvements to serve said lots
NOW, THEREFORE, BE IT RESOLVE:
1. That the Mayor and City Clerk are hereb...
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