Fiscal Note
The proposed ordinance change will require that 1% of the total budget for capital projects exceeding $5.0 million be set aside for public art. This change will only be applied for capital projects where the City portion of the budget (GO Borrowing, transfer from General Fund, etc.) exceeds $5.0 million. In the 2017 Adopted CIP this would apply to four projects at an estimated cost of $364,000 of additional GO Borrowing.
If adopted, the ordinance will take effect two years after adoption or for the 2019 Capital Improvement Plan.
Title
SUBSTITUTE Creating Section 4.30 of the Madison General Ordinances to create a program for funding public art projects for certain public works projects.
Body
DRAFTER'S ANALYSIS: This ordinance would create a program for funding public art projects whenever the City invests in a capital project meeting the criteria set forth in the ordinance. The ordinance would apply to certain enumerated public works projects whose anticipated construction costs exceed five million dollars. The funding for the arts would be in addition to the project budget and would not come from nor reduce the original project budget itself. Project budgets would be increased under this ordinance. The ordinance requires that an additional one percent be added to an eligible project’s budget (by GO funds) for expenditure on art development at the project. The ordinance would allow, with Common Council approval, the expenditure of such funds at a site other than the eligible project under certain limited criteria and it would allow for the deposit of some or all such funds into the Art Aggregated Fund (for new art projects) or the Art Maintenance and Conservation Fund (for conservation and maintenance of the City’s Art). These two segregated funds are established by this ordinance. The ordinance also allows the Common Council to reduce the amount of the arts funding under extraordinary circumstances but prohibits the complete elimination of th...
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