City of Madison - File #: 46519

• File #: 46519
• Version: 1
• Name: Amending the 2017 Major Streets Capital Budget to reallign and appropriate $1,425,000 of TID 32 funding, $650,000 of Water Utility revenue bonds, and $1,000,000 of Sewer Utility revenue bonds to 2017 from out-years of the adopted CIP to allow for the cont
• Type: Resolution
• Status: Passed
• File created: 3/13/2017
• In control: FINANCE COMMITTEE
• On agenda: 3/21/2017
• Final action: 4/18/2017
• Enactment date: 4/19/2017
• Enactment #: RES-17-00335
• Title: Amending the 2017 Major Streets Capital Budget to reallign and appropriate $1,425,000 of TID 32 funding, $650,000 of Water Utility revenue bonds, and $1,000,000 of Sewer Utility revenue bonds to 2017 from out-years of the adopted CIP to allow for the contracting of planned street construction projects funded by TID 32 and associated Utilities.
• Sponsors: Ledell Zellers, Michael E. Verveer

Date	Ver.	Action By	Action	Result
4/18/2017	1	COMMON COUNCIL	Adopt - 15 Votes Required	Pass
4/5/2017	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval
3/27/2017	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
3/22/2017	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
3/21/2017	1	COMMON COUNCIL	Refer	Pass
3/13/2017	1	Engineering Division	Referred for Introduction

Fiscal Note
The 2017 Adopted CIP includes funding for a series of Major Streets projects funded by TID 32 in 2017, 2018, and 2019. These projects include: projects within Pavement Management, Reconstruct Streets, and Wilson/Williamson from Franklin to Blount. In order to accommodate for the anticipated closure of TID 32 in 2017, the timing for contracting these projects requires the appropriation be moved up to 2017. The scheduled changes outlined in this proposed resolution are net neutral over the life of the 2017 CIP.

The Pavement Management program will move:
- $500,000 of TID 32 funding from 2018 to 2017.
- $375,000 of Sewer Revenue Bond funding from 2018 to 2017.
- $250,000 of Water Revenue Bond funding from 2018 to 2017.

The Reconstruction Streets program will move:
-$1,500,000 of TID 32 funding from 2018 to 2017.
-$1,225,000 of TID 32 funding from 2019 to 2017.
-$250,000 of Sewer Revenue Bond funding from 2018 to 2017.
-$375,000 of Sewer Revenue Bond funding from 2019 to 2017.
-$300,000 of Water Revenue Bond funding from 2018 to 2017.
-$100,000 of Water Revenue Bond funding from 2019 to 2017.

The Wilson/Williamson (Franklin to Blount) project will be deferred to from 2017 to 2020 in order to seek State funding for the project.

Title
Amending the 2017 Major Streets Capital Budget to reallign and appropriate $1,425,000 of TID 32 funding, $650,000 of Water Utility revenue bonds, and $1,000,000 of Sewer Utility revenue bonds to 2017 from out-years of the adopted CIP to allow for the contracting of planned street construction projects funded by TID 32 and associated Utilities.
Body
WHEREAS TID 32 (Upper State Street) is projected to close to expenditures at the end of 2017; and

WHEREAS the East Wilson St/Williamson St (Franklin to Blount) project, originally scheduled for 2017, will not be completed in 2017 and therefore will no longer need the $1,800,000 in TID 32 funding currently budgeted in the adopted 2017 Capital Budget; and

WHEREAS...