Fiscal Note
The proposed resolution amends the 2025 Capital Budget by transferring $80,000 of existing GO borrowing funding and corresponding expenses from Engineering - Major Streets' John Nolen Drive Phase 1 project (project #11860) to the Planning Division's Percent for Art Aggregate Fund (project #15043). No additional appropriation required.
Title
Amending the 2025 Engineering Major Streets Adopted Capital Budget to transfer $80,000 of existing GO budget authority from Engineering - Major Streets to Planning for the Percent for Art Aggregate Fund related to the John Nolen Drive Street Reconstruction Project. (District 4, District 13)
Body
WHEREAS, Madison Ordinances 4.30(5) created a Percent for Art that can be used for public art associated with public works projects, and;
WHEREAS, The Percent for Art funds are calculated based on eligible project costs associated with projects that have a cost threshold as identified in Section 4.3(c), and;
WHEREAS, WISDOT is bidding and administering the construction contract for Phase I of the John Nolen Drive Reconstruction Project under an agreement with the City of Madison authorized by the Common Council in RES-24-00596, effective 10/10/2024; and
WHEREAS, the City’s portion of the project will be above the eligible threshold for the Percent for Art, and;
WHEREAS, when deemed appropriate by the Common Council and where permitted by the funding source, the Percent for Art Expenditure may be reallocated to an alternative site or to the Art Aggregated Fund for the purchase, installation, and maintenance of public art projects. Such reallocation may occur where the original project has limited public access, or generates funds insufficient to acquire new artwork, or for any other reason deemed compelling by the Common Council, and;
WHEREAS, investing percent funds in the adjacent lake front will offer significant benefits that will complement street improvements, the Engineering Major Streets - John Nolen D...
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