Madison, WI Header
File #: 02107    Version: 1 Name: BID #1 2006 Operating Plan
Type: Resolution Status: Passed
File created: 9/30/2005 In control: DOWNTOWN COORDINATING COMMITTEE
On agenda: 11/8/2005 Final action: 11/8/2005
Enactment date: 11/10/2005 Enactment #: RES-05-00898
Title: To approve the 2006 Operating Plan for Madison's Central Business Improvement District (#1).
Sponsors: Michael E. Verveer, Austin W. King, Zachariah Brandon
Attachments: 1. 2006 OP Budget.pdf, 2. AMENDED 2006 Operating Plan.pdf, 3. 2006 Operating Plan.pdf, 4. propertydescription.pdf, 5. 83Act184.pdf, 6. 02107 registration statements.pdf
Fiscal Note
The 2006 Operating Plan for Madison's Central Business Improvement District anticipates expenditures of $345,006, funded with a BID assessment of $236,006 and $109,000 in other revenues. BID operations have no direct budgetary impact on the City.
Title
To approve the 2006 Operating Plan for Madison's Central Business Improvement District (#1).
Body
Preamble

Wisconsin State Statute 66.1109, often referred to as the "BID Law," authorizes cities to create Business Improvement Districts "to allow businesses within those districts to develop, to manage, and to promote the districts and to establish an assessment method to fund these activities."

Under 1999 Wisconsin State Statute 66.608 the City of Madison on December 7, 1999, created Madison Business Improvement District #1, known as Madison Central Business Improvement District, and adopted its initial operating plan.

The Madison Central Business Improvement District (#1) is governed by a Board of Directors, who are appointed by the Mayor and confirmed by the City Council.

The State enabling legislation requires that the Board of Directors of the BID annually consider changes to its operating plan and submit a revised operating plan to the local legislative body for approval.

WHEREAS the Business Improvement District Board convened an annual meeting of property owners and businesses on August 30, 2005 to review the District's accomplishments and to obtain input for the development of its 2006 operating plan, assessment and budget; and

WHEREAS the Business Improvement District Board of Directors adopted the proposed 2006 Operating Plan at its September 27, 2005 meeting; and

WHEREAS there are no material changes between the 2005 and 2006 Operating Plan; and

WHEREAS the method of assessment is the same in 2006 as in 2005; and

WHEREAS the 2006 Operating Plan must be approved in November 2005 to allow for assessments to be shown on the 2006 tax roll.

NOW, THEREFORE, BE I...

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