Fiscal Note
The proposed resolution amends the Engineering - Major Streets Capital Budget in the amount of $60,000 for the release of a private ingress - egress right of way and temporary limited easement acquisitions required for new street improvements for the Hartmeyer Redevelopment Project (Munis #14534). Real Estate acquisition costs are estimated at $60,000 for this project and the proposed amendment provides for that acquisition. The funding source for these funds will be developer capital funding. The City of Madison is to be reimbursed by the developer for all costs associated with this acquisition as set forth in Contract No. 9284. No additional appropriation is required.
Title
Amending the 2024 Capital Budget of Engineering-Major Streets and Determining a Public Purpose and Necessity and adopting a Relocation Order for the acquisition and release of land interests required for the construction and maintenance of improvements for a public street. Being part of SW ¼ of the SW ¼ of Section 31, T 8 N, R 10 E, in the City of Madison. (District 12)
Body
WHEREAS, Lincoln Ave Capital submitted on September 19th, 2022 to the City of Madison Planning Unit, a Subdivision Application for a Certified Survey Map for approval by the Madison Common Council. The Certified Survey Map being required as part of the redevelopment of a property (hereinafter the “Hartmeyer Redevelopment Project”), addressed as 2007 Roth Street for the application, City of Madison, Dane County, Wisconsin; and,
WHEREAS, the City of Madison Common Council adopted Resolution Number RES-23-00002, File No. 74065, on January 3, 2023, conditionally approving the said Certified Survey Map; and,
WHEREAS, a condition for the approval of the said Certified Survey Map requires the developer of the Hartmeyer Redevelopment Project to construct the public improvements necessary to serve the lots within the Certified Survey Map. This requirement includes construction of public improvements lying within...
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