Fiscal Note
The proposed resolution authorizes the purchase of a tax deeded parcel located at 305 S. Bedford Street from Dane County for purposes of expanding Brittingham Park. The land and improvements on the property are assessed in the amount of $627,000.00, and have an estimated fair market value, according to the City Assessor, of $654,762. The total purchase price approved by Dane County Tax Deed Subcommittee is $654,762 for 5,455 square feet of land and the existing improvements. Total costs are anticipated to be approximately $700,000 for the transaction, miscellaneous title and closing costs and staff time will be funded by impact fees in the Land Acquisition project (Munis project #17128). No additional appropriation is required.
Title
SUBSTITUTE - Authorizing the Purchase of the Property Located at 305 S. Bedford from Dane County for Future Assemblage with Brittingham Park. (District 4)
Body
WHEREAS, Dane County (the “County”) deposited a 2019 tax certificate with the County Clerk, subsequently executed and recorded a tax deed on June 10, 2022 in the office of the Dane County Register of Deeds for the non-payment of property taxes and special assessments, and has therefore taken title to the property located at 305 S. Bedford Street (the “Property”), which is legally described as follows:
All that part of Lots One (1) and Two (2), Block Twenty-nine (29), Original Plat, located in the City of Madison, Dane County, Wisconsin, lying Southeasterly of the right of way of the Chicago, Milwaukee, St. Paul, and Pacific Railroad, EXCEPT THE FOLLOWING;
(a) That part contained in instrument filed June 13, 1907 as Document No. 281245;
(b) That part contained in Deed recorded May 14, 1921 in Volume 289 of Deeds Page 127;
(c) That part contained in Deed recorded April 22, 1931 in Volume 351 of Deeds, Page 104, as Document No. 526821;
(d) That part contained in Deed recorded April 22, 1931 in Volume 351 of Deeds, Page 106, as Document No. 536822.
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