86853
SUBSTITUTE Amending the Economic Development Division’s (EDD) 2025 Adopted Capital Budget to transfer $3,780,000 from the TID 51 capital program (program #99011) to the Land Banking program (program #12640) and authorizing the City’s execution of a Purchase and Sale Agreement with J & R Properties of Wisconsin LLC for the purchase of the property located at 1814 S. Park Street for land banking purposes, authorizing the expenditure of funds for environmental assessment, title work, closing costs, holding costs, and demolition work for the same property, all totaling $4,330,000, and authorizing the indemnification of the Seller. (District 14)
What this record is
- Amount
- $4.33M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Construction
construction contracts in WI that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic Development Division
- Requested by
- FINANCE COMMITTEE
- Introduced
- January 23, 2025
- On agenda
- February 11, 2025
- Passed
- February 11, 2025
- Enacted
- February 14, 2025
- Enactment no.
- RES-25-00097
Where it was heard
COMMON COUNCIL FINANCE COMMITTEE COMMON COUNCILWatch what Madison buys
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