City of Madison - File #: 04230

• File #: 04230
• Version: 1
• Name: Determining a Public Purpose and Necessity and adopting a Relocation Order for the acquisition of ...Union Corners Development ...& amending the 2006 Capital Budget
• Type: Resolution
• Status: Passed
• File created: 7/26/2006
• In control: BOARD OF PUBLIC WORKS
• On agenda: 9/5/2006
• Final action: 9/5/2006
• Enactment date: 9/6/2006
• Enactment #: RES-06-00717
• Title: Determining a Public Purpose and Necessity and adopting a Relocation Order for the acquisition of Plat of land interests required for the relocation and construction associated with the Union Corners Development - involving the relocation of Winnebago Street Phase 2 from S. Sixth Street to LaFollette Avenue-Engineering Project No. 53W0387 and amending the 2006 Capital Budget to authorize the expenditure of an additional $100,000 for the estimated acquisition costs associated with this project. (6th AD)
• Sponsors: Judy K. Olson

Date	Ver.	Action By	Action	Result
9/5/2006	1	COMMON COUNCIL	Adopt	Pass
8/28/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Return to Lead with the Recommendation for Approval	Pass
8/21/2006	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
8/16/2006	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - PUBLIC HEARING	Pass
8/1/2006	1	COMMON COUNCIL	Refer For Public Hearing
8/1/2006	1	BOARD OF PUBLIC WORKS	Refer
8/1/2006	1	BOARD OF PUBLIC WORKS	Refer
7/26/2006	1	Engineering Division	Fiscal Note Required / Approval
7/26/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
7/26/2006	1	Engineering Division	Referred for Introduction

Fiscal Note
The estimated $100,000 for necessary land acquisitions approved in this resolution are associated with the proposed redevelopment of Union Corners and were not anticipated when the 2006 Capital Budget was developed. Consequently, a budget amendment is required to authorize these additional expenditures.

Costs related to this proposed project would be eligible TIF expenditures and could be reimbursed from future TIF increment if the Union Corners TIF district is approved by the Common Council and the Joint TIF Review Board, and certified by the State Department of Revenue. If such approvals are not received, the City and assessed property owners would be directly responsible for all costs associated with this project.

Financing for the City share of project costs would be from internal borrowing from City funds until sufficient TIF increment is generated as a result of future private development within the district.

The $100,000 is estimated for acquisition costs and staff time, which will be appropriated in: CS53-58110-810556-00-53W0387-53TIF037
Title
Determining a Public Purpose and Necessity and adopting a Relocation Order for the acquisition of Plat of land interests required for the relocation and construction associated with the Union Corners Development - involving the relocation of Winnebago Street Phase 2 from S. Sixth Street to LaFollette Avenue-Engineering Project No. 53W0387 and amending the 2006 Capital Budget to authorize the expenditure of an additional $100,000 for the estimated acquisition costs associated with this project. (6th AD)
Body
WHEREAS, the City of Madison Common Council on April 18, 2006 adopted RES-06-00359 Authorizing the Mayor and City Clerk to enter into a Development Agreement for Union Corners Building Demolition with Union Corners, LLC, Private Contract No. 2090 for construction of public improvements directly related to their proposed Development; and

WHEREAS, the City of Madison Common Council...