City of Madison - File #: 48603

• File #: 48603
• Version: 2
• Name: SUBSTITUTE - Authorizing up to $300,000 of CDBG funds to support the Wil-Mar Neighborhood Center’s acquisition of a property they currently lease that serves to support the Center’s programs, and amending the 2017 Adopted Operating Budget to appropriate $
• Type: Resolution
• Status: Passed
• File created: 8/28/2017
• In control: FINANCE COMMITTEE
• On agenda: 9/19/2017
• Final action: 9/19/2017
• Enactment date: 9/21/2017
• Enactment #: RES-17-00783
• Title: SUBSTITUTE - Authorizing up to $300,000 of CDBG funds to support the Wil-Mar Neighborhood Center’s acquisition of a property they currently lease that serves to support the Center’s programs, and amending the 2017 Adopted Operating Budget to appropriate $300,000 from the Community Development Grant Fund.
• Sponsors: Marsha A. Rummel, Samba Baldeh, Maurice S. Cheeks, Matthew J. Phair

Date	Ver.	Action By	Action	Result
9/19/2017	2	COMMON COUNCIL	Adopt Unanimously	Pass
9/11/2017	2	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
9/7/2017	1	COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE	Return to Lead with the Recommendation for Approval	Pass
9/5/2017	1	FINANCE COMMITTEE	Referred
9/5/2017	1	COMMON COUNCIL	Refer	Pass
8/28/2017	1	Community Development Division	Referred for Introduction

Fiscal Note
The proposed resolution authorizes $300,000 as a long-term deferred loan to Wil-Mar Neighborhood Center, Inc. for acquisition of property located at 1001 Jennifer Street, which is currently leased by Wil-Mar to support the Center’s programs. The $300,000 will be funded by CDBG program income.

Title
SUBSTITUTE - Authorizing up to $300,000 of CDBG funds to support the Wil-Mar Neighborhood Center’s acquisition of a property they currently lease that serves to support the Center’s programs, and amending the 2017 Adopted Operating Budget to appropriate $300,000 from the Community Development Grant Fund.

Body
Wil-Mar Neighborhood Center currently leases land (located at 1001 Jennifer Street) that is adjacent to the center. The property currently contains a playground, basketball courts and open space that is used by participants of the programs offered by Wil-Mar. The site also contains a small parking area for people using the Center. The site is also used by the neighborhood when Wil-Mar programs are not utilizing the site.

The owner of this property has decided to sell the site and has offered first purchase option to Wil-Mar. Wil-Mar hopes to purchase the site so it can continue to be used to support the programs provided by the Center and to be used by the neighborhood. The site is highly valuable and would most likely sell to a private party for their use resulting in a loss of the playground, basketball courts and parking for the Center and the neighborhood. The sale price, including a $10,050 special assessment, is $621,000.00

Wil-Mar will conduct a Capital Campaign to supply the remainder of purchase costs and to support a major renovation to the existing Wil-Mar Center.

ACTION:
WHEREAS, the Wil-Mar Neighborhood Center, Inc. is a non-profit organization that provides programs for lower-income youth, family and seniors who reside primarily in the Williamson-Marquette neighborhoods, and provides space for the neighborhood to come toge...