City of Madison - File #: 02396

• File #: 02396
• Version: 1
• Name: CAPITAL BUDGET AMENDMENT # 11 - Planning and Development / TIF 10%
• Type: Capital Budget Amendment
• Status: Passed
• File created: 11/14/2005
• In control: CITY CLERK - delete
• On agenda: 11/15/2005
• Final action: 11/15/2005
• Enactment date: 11/18/2005
• Title: CAPITAL BUDGET AMENDMENT # 11 - Planning and Development / TIF 10%, Project No. 44, p. 126
• Sponsors: Brenda K. Konkel, Austin W. King, Michael E. Verveer

Date	Ver.	Action By	Action	Result
11/15/2005	1	COMMON COUNCIL	Adopt	Pass
11/14/2005	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office

Fiscal Note

General Obligation Debt:	$200,000
Other Funding:	0
Total:	$200,000
Levy Impact:	$0

Title

CAPITAL BUDGET AMENDMENT # 11 - Planning and Development / TIF 10%, Project No. 44, p. 126

Body

Funding to promote affordable housing within TIF districts in accordance with the 10% set-aside policy.  Funding is General Obligation debt, but debt service will be paid from TIF funds so there is no net impact on the levy.  Annual estimated debt service is $25,901.