Fiscal Note
The proposed cooperative agreement outlines the roles and responsibilities of the City and the Madison Parks Foundation as the City’s official non-profit fundraising collaborator for the City’s park and open space system. Following the execution of this Agreement, City-held funds may be transferred from the City to the Foundation, subject to the terms of this agreement: Transfers of under $10,000 may be approved by the Parks Superintendent and the City Finance Director, and transfers over $10,000 will require the approval of Common Council and appropriate budget amendments as necessary. No appropriation is required for the authorization of the agreement.
Title
SUBSTITUTE - Authorizing the Mayor and the City Clerk to enter into a contract with Madison Parks Foundation establishing the roles and responsibilities of the City and Foundation with respect to each other from the date of execution through December 31, 2033 2028, with the possibility of renewal for successive 10 5-year periods.
Body
WHEREAS, beginning in the 1890’s and the establishment of the Madison Parks and Pleasure Drive Association (“MPPDA”), the City has been fortunate to enjoy widespread community support and funding from the community to acquire and develop the City’s valuable park and open space system; and,
WHEREAS, the Madison Parks Division (“Madison Parks”) took over authority of the City’s parks from the MPPDA in 1938, and has grown and developed the City’s current park system. However, a need still exists for private fundraising, community outreach, and public involvement in the continued development and maintenance of the City’s park system; and,
WHEREAS, in 2002 the Foundation was formed as a non-profit entity independent of the City, and since that time has successfully raised funds and worked with Madison Parks to support numerous park improvement projects, as well as programs in parks and public spaces throughout the City; and,
WHEREAS, in 2013 the City and Founda...
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