City of Madison - File #: 54228

• File #: 54228
• Version: 1
• Name: MPM Collaboration Agreement - Public Market Foundation
• Type: Resolution
• Status: Passed
• File created: 12/28/2018
• In control: FINANCE COMMITTEE
• On agenda: 2/5/2019
• Final action: 2/5/2019
• Enactment date: 2/8/2019
• Enactment #: RES-19-00119
• Title: Approving the Collaboration Agreement between the City of Madison and the Madison Public Market Foundation, providing a $250,000 grant to the Madison Public Market Foundation, and directing staff to move forward with creating an operating agreement and lease.
• Sponsors: Larry Palm, Paul R. Soglin, Amanda Hall, Marsha A. Rummel

Date	Ver.	Action By	Action	Result
2/5/2019	1	COMMON COUNCIL	Adopt	Pass
1/15/2019	1	PUBLIC MARKET DEVELOPMENT COMMITTEE (ended 1/2024)	Return to Lead with the Recommendation for Approval	Pass
1/14/2019	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
1/8/2019	1	FINANCE COMMITTEE	Referred
1/8/2019	1	COMMON COUNCIL	Refer	Pass
12/28/2018	1	Economic Development Division	Referred for Introduction

Fiscal Note
The proposed resolution authorizes the City to enter into a Collaboration Agreement with the Public Market Foundation and provide the Foundation with a grant of $250,000 for costs associated with preparing for operations. The proposed grant will be funded by the Public Market’s available project budget authority authorized in the 2019 capital budget. No additional City appropriation is required.
Title
Approving the Collaboration Agreement between the City of Madison and the Madison Public Market Foundation, providing a $250,000 grant to the Madison Public Market Foundation, and directing staff to move forward with creating an operating agreement and lease.
Body
WHEREAS, the Madison Public Market Business Plan (Legistar #38885) and the Madison Public Market Implementation Strategy (#41819) recommend that the Madison Public Market be owned by the City of Madison and operated by an independent 501c3 non-profit organization with terms established by an operating agreement and a master lease; and,

WHEREAS, The City conducted an Request for Qualifications (Legistar #49283) to identify an organization to be the Public Market Operator; and,

WHEREAS, The City selected the Madison Public Market Foundation (MPF) as the Public Market Operator and directed staff to develop an operating agreement (Legistar #51091); and,

WHEREAS, The Madison Public Market Foundation Board and City staff have developed a Collaboration Agreement establishing initial terms of the partnership between the City and PMF; and,

WHEREAS, the Collaboration Agreement describes the responsibilities of the City and of the PMF in advancing the Madison Public Market project; and,

WHEREAS, the Collaboration Agreement is anticipated to be the first in a series of agreements between the City and the PMF and next steps will include an operating agreement and a master lease which will take effect once the Public Market is operating; and,

WHEREAS, the Public Market Business Plan and Implem...