City of Madison - File #: 04735

• File #: 04735
• Version: 3
• Name: Hiring a consultant to conduct the IZ Housing Market Study.
• Type: Resolution
• Status: Passed
• File created: 10/11/2006
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 11/7/2006
• Final action: 11/7/2006
• Enactment date: 11/8/2006
• Enactment #: RES-06-00907
• Title: SECOND SUBSTITUTE - Accepting the Inclusionary Zoning Advisory Oversight Committee recommendation regarding a consultant for the Housing Market Study, authorizing the use of certain City funds appropriating $20,000 from the Contingent Reserve to match a private donation for the study, and authorizing the Mayor and City Clerk to enter into a contract for professional services from the chosen consultant.
• Sponsors: Brenda K. Konkel, Lauren Cnare

Date	Ver.	Action By	Action	Result
11/7/2006	3	COMMON COUNCIL	Adopt	Pass
11/1/2006	3	CDBG Office	Fiscal Note Required / Approval
11/1/2006	3	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (SUBSTITUTES)
10/30/2006	3	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
10/20/2006	2	INCLUSIONARY ZONING ADVISORY OVERSIGHT COMMITTEE (prior to 4-18-2009)	Return to Lead with the Following Recommendation(s)	Pass
10/19/2006	2	CDBG Office	Fiscal Note Required / Approval
10/19/2006	2	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (SUBSTITUTES)
10/17/2006	1	COMMON COUNCIL	Refer
10/17/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
10/11/2006	1	CDBG Office	Fiscal Note Required / Approval
10/11/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
10/11/2006	1	CDBG Office	Referred for Introduction

Fiscal Note
The estimated total cost of the Market Study ranges from $24,000 to $48,000 $50,000 to $75,000 for all three phases of the Study. It is anticipated that half to two-thirds of the amount will come from City funds, with the remainder from private sector contributions. The City has not budgeted its share of the funding, so funding would require an appropriation from the City contingent reserve. The current reserve balance is $774,913. This Substitute Resolution authorizes a contract and an appropriation of up to $30,000 $20,000 from the Contingent Reserve for Phase One of the Market Study expense, with the remainder from private sector contributions.
Title
SECOND SUBSTITUTE - Accepting the Inclusionary Zoning Advisory Oversight Committee recommendation regarding a consultant for the Housing Market Study, authorizing the use of certain City funds appropriating $20,000 from the Contingent Reserve to match a private donation for the study, and authorizing the Mayor and City Clerk to enter into a contract for professional services from the chosen consultant.
Body
Background:

The City of Madison adopted revisions to the inclusionary zoning ordinance on July 27, 2006, along with a resolution to create an Inclusionary Zoning Advisory Oversight Committee to help craft policies and advise staff on the implementation of the program. As part of these changes, the Council endorsed the development of a housing market study to provide the Oversight Committee with some additional solid data regarding housing market trends and buyer/renter housing choice patterns. The Oversight Committee developed a Request for Proposals that was widely distributed on September 8, 2006. The City received 5 proposals on September 29 and the Oversight Committee ranked and interviewed the top three candidates.

Actions:

Whereas, the Council adopted a resolution creating an Inclusionary Zoning Advisory Oversight Committee and endorsed the idea of a housing market study to ...