Fiscal Note
The Department of Planning and Development estimates that the total cost of the project will likely not exceed $75,000. The 2007 Adopted Operating Budget of the Director of the Deaprtment of Planning and Community and Economic Development contains $50,000 in City funds for this project, with the expectation that "funds will be solicited from other sources to match the City's $50,000." However, neither the additional anticipated revenues nor the additional expenditure authority were included in the budget. Therefore, this Resolution amends the 2007 Adopted Operating budget of the Office of the Director of the Department of Planning and Community and Economic Development to recognized the additional revenues and expenditures. The City's funding commitment will not exceed the $50,000 that is currently budgeted. (Note: the amendment will authorize total expenditures not to exceed $100,000, although the project cost is estimated at $75,000.)
Title
Authorizing hiring of Ticknor and Associates for consultation services to prepare the 3-5 Year Economic Development Strategic Implementation Plan for the City of Madison and amending the 2007 Operating budget of the Office of the Director of Planning, Community and Economic Development to recognize an $50,000 in revenues derived from private sources and a commensurate increase in expenditure authority.
Body
WHEREAS, the City of Madison's most recent economic development plan was adopted in 1983; and
WHEREAS, the Comprehensive Plan, adopted in 2006, recommended the creation of a 3-5 Year Economic Development Strategic Implementation Plan; and
WHEREAS, the City of Madison issued a Request for Qualifications seeking a consultant experienced in developing a 3-5 Year Economic Strategic Development Plan; and
WHEREAS, nine proposals were received and evaluated by a selection team; and
WHEREAS, three consultants were interviewed by the selection team; and
WHEREAS, the City of Madison Economic Devel...
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