City of Madison - File #: 12652

• File #: 12652
• Version: 1
• Name: CAPITAL BUDGET AMENDMENT # 20
• Type: Capital Budget Amendment
• Status: Passed
• File created: 11/12/2008
• In control: COMMON COUNCIL
• On agenda: 11/11/2008
• Final action: 11/11/2008
• Title: CAPITAL BUDGET AMENDMENT # 20 - Parks Division / Project #11 - Development Fee Projects, p. 97
• Sponsors: Lauren Cnare, Judy Compton, Joseph R. Clausius, Michael Schumacher

Date	Ver.	Action By	Action	Result
11/11/2008	1	COMMON COUNCIL	Adopt	Pass

Fiscal Note

General Obligation Debt	$700,000
Other Funding	$(700,000)
Total	$0
Levy Impact:	$0

Title

CAPITAL BUDGET AMENDMENT # 20 - Parks Division / Project #11 - Development Fee Projects, p. 97

Body

Replace Development Fee funding with General Obligation debt for Phases II and III for Door Creek Park, a Drinking Fountain (Bubbler) in North Star Park and tennis courts at Richmond Hill Park.   Debt service of approximately $90,000 per year will be repaid through impact fees.