Fiscal Note
The proposed resolution amends the 2025 Engineering Bicycle & Pedestrian and Planning Adopted Capital Budgets by authorizing a net-neutral transfer of $5,560 existing General Obligation Borrowing (GO Borrowing) authority from the Pheasant Branch Path project (Munis #14941) to the Art Aggregated Fund (Munis #15043). No additional appropriation is required.
Title
Amending the Engineering Bicycle & Pedestrian and Planning Adopted Capital Budgets to transfer existing GO budget authority from Engineering - Major Streets to Planning for the Percent for Art Aggregate Fund related to the Pheasant Branch Greenway Enhancement Project (District 9).
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 an cost threshold as identified in Section 4.3(c), and;
WHEREAS, the Pheasant Branch Greenway Enhancement project was awarded under RES-24-00714, which had a total cost of $8,658,468 and is above the eligible threshold for the Percent for Art, and;
WHEREAS, certain funding sources are not eligible for the 1% for art, including funding associated with the Stormwater Utility, Sanitary Sewer Utility or Federal Funds, and;
WHEREAS, funding for a bikepath and pedestrian bridge were also included in the Pheasant Branch Greenway Enhancement project, which do have an eligible funding source for the Percent for Art program, 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...
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