Fiscal Note
See attached Fiscal Note.
Title
Authorizing the Mayor and City Clerk to sign an Agreement with Oakwood Village East Lutheran Homes, Inc. and Oakwood Village East Apartment Homes, Inc., for the payment of a fee for municipal services.
Body
WHEREAS, on November 4, 2003, the Common Council adopted Ordinance No. 13450, rezoning property at 5541 Tancho Drive and 5601-5801 American Parkway, to allow construction of ninety (90) units of senior housing; and
WHEREAS, the above rezoning was conditioned on signing an Agreement with the City relating to a payment for municipal services;
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Madison hereby authorizes the Mayor and City Clerk to sign an Agreement with Oakwood Village East Lutheran Homes, Inc., and Oakwood Village East Apartment Homes, Inc., the owner of the property at 5541 Tancho Drive and 5601-5801 American Parkway, on the following terms and conditions:
1. In recognition of the value of municipal services provided to Oakwood Village East Lutheran Homes, Inc. and Oakwood Village East Apartment Homes, Inc., and in further recognition of the economic impact the provision of such services has on the City, Oakwood Village East Apartment Homes, Inc., shall make an annual payment for municipal services (PMS) to the City.
2. The annual PMS shall be calculated as a per unit fee. It shall be based on budget figures for some or all of the expenditures for the following: public safety and health, parks, traffic engineering, library, and debt service from the above agencies. The PMS is intended to reflect those expenditures relating to municipal services directly or indirectly made available for use by Oakwood Village East Lutheran Homes, Inc. and Oakwood Village East Apartment Homes, Inc. The fee shall be adjusted annually based on an increase or decrease in the City tax levy. In addition, at least every five years the share of costs attributed to each service shall be review...
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