City of Madison - File #: 49283

• File #: 49283
• Version: 3
• Name: Madison Public Market Foundation Operator Agreement
• Type: Resolution
• Status: Passed
• File created: 10/23/2017
• In control: COMMON COUNCIL
• On agenda: 12/5/2017
• Final action: 12/5/2017
• Enactment date: 12/11/2017
• Enactment #: RES-17-00962
• Title: ALTERNATE SUBSTITUTE - Identifying the Madison Public Market Foundation as the fundraising entity future operator of the Madison Public Market and directing City staff to issue a Request for Qualifications to identify potential operators of the work with the Madison Public Market Foundation Board on the terms of an and obtain Council approval of the operator before negotiating an Operating Agreement.
• Sponsors: David Ahrens, Sara Eskrich

Date	Ver.	Action By	Action	Result
12/5/2017	2	COMMON COUNCIL	Adopt Alternate	Pass
11/21/2017	2	COMMON COUNCIL	Refer to a future Meeting to Adopt	Pass
11/2/2017	2	PUBLIC MARKET DEVELOPMENT COMMITTEE (ended 1/2024)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
10/31/2017	1	COMMON COUNCIL	Refer	Pass
10/23/2017	1	Economic Development Division	Referred for Introduction

Fiscal Note
The proposed resolution separates the roles of fundraising for and operating the Madison Public Market by identifying the Madison Public Market Foundation (MPMF) as the fundraising entity and authorizing staff to issue a request for qualifications (RFQ) to identify possible operators of the Madison Public Market. No City appropriation is required. The Common Council requests that City Staff present the Common Council with a proposed choice of the Public Market Operator (PMO) by April 10,2018.
Title
ALTERNATE SUBSTITUTE - Identifying the Madison Public Market Foundation as the fundraising entity future operator of the Madison Public Market and directing City staff to issue a Request for Qualifications to identify potential operators of the work with the Madison Public Market Foundation Board on the terms of an and obtain Council approval of the operator before negotiating an Operating Agreement.
Body
WHEREAS, the Madison Public Market Business Plan (accepted by Common Council on October 6, 2015 by Resolution #38885) and the Madison Public Market Implementation Strategy (accepted by Common Council on March 15, 2016 by Resolution #41819) recommend that the Madison Public Market be operated by an independent 501c3 non-profit organization that would lease the space from the City; and,

WHEREAS, as recommended by the City’s approved plans for the Public Market, the Madison Public Market Foundation (MPMF) has been established to undertake the Public Market’s fundraising effort and to become the Public Market Operator (PMO); and,

WHEREAS, the Common Council deems it more advantageous to conduct a transparent public process to identify an operator for the Madison Public Market,

NOW THEREFORE, BE IT RESOLVED, subject to future approvals of the design and financing plans for the Public Market project, the City of Madison Common Council intends for the City to build and own the Madison Public Market, and lease the facility to the Madison Public Market Fou...