City of Madison - File #: 06858

• File #: 06858
• Version: 1
• Name: Acquiring necessary land interests for a planned multi-use path in the abandoned corridor of the Union Pacific Railroad Company under a rails-to-trails conversion; amending the 2007 Engineering - Other Capital Budget to provide $2,400,000 for this project
• Type: Resolution
• Status: Passed
• File created: 6/27/2007
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 8/7/2007
• Final action: 8/7/2007
• Enactment date: 8/8/2007
• Enactment #: RES-07-00780
• Title: Acquiring necessary land interests for a planned multi-use path in the abandoned corridor of the Union Pacific Railroad Company under a rails-to-trails conversion; amending the 2007 Engineering - Other Capital Budget to provide $2,400,000 for this project; authorizing the City Engineer to apply for grant funding from the Wisconsin Department of Natural Resources (WDNR) and authorizing the Mayor and City Clerk to execute agreements with WDNR for funding and with the City of Fitchburg to partially fund the acquisition, assume ownership of a portion of the corridor, jointly develop and cooperatively maintain the multi-use path with the City of Madison. (14th AD)
• Sponsors: Tim Bruer

Date	Ver.	Action By	Action	Result
8/7/2007	1	COMMON COUNCIL	Adopt	Pass
7/30/2007	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
7/23/2007	1	PLAN COMMISSION	Return to Lead with the Recommendation for Approval	Pass
7/18/2007	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval	Pass
7/3/2007	1	COMMON COUNCIL	Refer
7/3/2007	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
7/3/2007	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
6/27/2007	1	Engineering Division	Fiscal Note Required / Approval
6/27/2007	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
6/27/2007	1	Engineering Division	Referred for Introduction

Fiscal Note
This resolution amends the 2007 Engineering - Other Capital Budget by the creation of a new project for the Cannonball Bike Trail. Total funding of $2,400,000 will be provided by the Wisconsin Department of Natural Resources ($1,150,000), the City of Fitchburg ($562,500), and increased General Obligation Debt ($687,500). Related debt service costs are expected to average approximately $89,000 per year, for ten years. This resolution also authorizes the City Comptroller to internally borrow $1,712,500 to temporarily cover the DNR and Fitchburg funding, until reimbursement is received.

This amendment is intended to fund the first phase of a multi-year project extending through 2012. Future year expenses are projected to total $7,300,000, including $2,180,000 of General Obligation Debt.

Title
Acquiring necessary land interests for a planned multi-use path in the abandoned corridor of the Union Pacific Railroad Company under a rails-to-trails conversion; amending the 2007 Engineering - Other Capital Budget to provide $2,400,000 for this project; authorizing the City Engineer to apply for grant funding from the Wisconsin Department of Natural Resources (WDNR) and authorizing the Mayor and City Clerk to execute agreements with WDNR for funding and with the City of Fitchburg to partially fund the acquisition, assume ownership of a portion of the corridor, jointly develop and cooperatively maintain the multi-use path with the City of Madison. (14th AD)
Body
PREAMBLE

The City of Madison Engineering Division has established Project No. 53W0499 - Cannonball Path (Military Ridge Trail Extension). The City is proposing to construct a multi-use bike and pedestrian path in the abandoned corridor of the Union Pacific Railroad Company (UPRR) in cooperation with the Wisconsin Department of Natural Resources (WDNR) and the City of Fitchburg. With connections to residential neighborhoods, the Capital City Trail, the Military Ridge Trail and points n...