Fiscal Note
The proposed resolution accepts the Center for Community Stewardship, Inc. to replace the Cooperative Network as the fiscal agent and coordinating organization for the Madison Cooperative Development Coalition and perform the tasks as defined in the program language of RFP 8516-0-2016RR. The negotiated contract will grant the Cooperative Network’s remaining year one balance, $185,096.20, to the Center for Community Stewardship in 2018 and the year two balance of $300,000 in 2019. These funds are included in the Cooperative Enterprise Development capital program, which currently has approximately $780,000 in remaining budget authority. No additional City appropriation is required.
Title
Resolution accepting the Center for Community Stewardship, Inc. as the new coordinating organization for the Madison Cooperative Development Coalition (MCDC) for the Cooperative Enterprise Development Program.
Body
WHEREAS, in June, 2016 the Cooperative Network was selected through RFP 8516-0-2016RR to serve as the fiscal agent and coordinating organization for the Madison Cooperative Development Coalition (MCDC), which consists of a partnership between (19) Madison organizations that will create a network of community groups focused on identifying opportunities for the creation and/or conversion of business cooperatives; and, provide technical support for those interested in creating worker-owned cooperatives; and
WHEREAS, the Cooperative Network can no longer serve as the fiscal agent, the coordinating organization MCDC chose Center for Community Stewardship Inc. (C4CS), through steering committee vote, to serve as the fiscal agent and coordinating organization going forward for a period of one and one half years. As the Cooperative Network needed to remove themselves as fiscal agent mid year during the first program year (2017) the first program year will now end December 31, 2018. The second program year will end December 31, 2019. This contract will grant the r...
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