Fiscal Note
The proposed resolution authorizes the City to enter into an agreement with the Madison Lakeway Partners, Inc. and amends the budget to transfer $25,000 from the Olin Trust Fund to the Parks Division’s Operating Budget in order to make payment to Madison LakeWay Partners, Inc. to support its fundraising efforts for the Madison LakeWay Project. No additional appropriation is required.
Title
Authorizing the Mayor and the City Clerk to execute an agreement with the Madison LakeWay Partners, Inc. as the non-profit charitable partner to support the redevelopment of the Madison LakeWay and transfer $25,000 from the Olin Trust Fund to the Parks Division’s operating budget in order to make payment to the Partners. (District 4, District 6, District 13, and District 14)
Body
WHEREAS, beginning in the 1890’s and the establishment of the Madison Parks and Pleasure Drive Association (“MPPDA”), the City has been fortunate to enjoy widespread community support and funding from the community to acquire and develop the City’s valuable park and open space system; and,
WHEREAS, the Madison Parks Division (“Madison Parks”) took over authority of the City’s parks from the MPPDA in 1938, and has grown and developed the City’s current park system. However, a need still exists for private sector involvement in supporting parks and open space in Madison through planning, fundraising, community outreach, and public involvement in the continued development and maintenance of the City’s park system; and,
WHEREAS, the City owns the area known as the Madison LakeWay, which includes 1.7 miles of Lake Monona shoreline and 17 acres of lakefront property, extending from S. Blair Street on the north, counterclockwise along the Lake Monona shoreline to E. Lakeside Street on the south, and consists of all or portions of Law Park, the John Nolen Drive Causeway, and Olin Park; and,
WHEREAS, in early 2022, Madison Parks launched the Lake Monona Waterfront Design Challenge-a competi...
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