Fiscal Note
Funds are available in the Department of Planning and Development's Preliminary Planning Capital Account #810425.
Title
Authorizing the Mayor and City Clerk to enter into an agreement with Downtown Madison, Incorporated (DMI) to provide $7,500 in matching funds for data collection and analysis, as part of the Downtown Dynamic business retention and recruitment efforts of Downtown Madison, Inc.
Body
WHEREAS, the Department of Planning and Development has received a request from Downtown Madison, Incorporated (DMI) for funding assistance to prepare a retention, enhancement, recruitment, and marketing plan (collectively, the Project) for downtown businesses; and
WHEREAS, DMI has received a proposal from the University of Wisconsin-Extension to provide data, analysis, and a framework in the preparation of the Project; and
WHEREAS, DMI also solicited proposals from other firms, including those involved in the State Street Strategic Plan from 1999; and
WHEREAS, the only responsive bid was received from the University of Wisconsin-Extension; and
WHEREAS, the fee for the work to complete the Project was $15,000; and
WHEREAS, Madison's Central Business Improvement District (BID) at their regularly scheduled meeting of January 31, 2006, voted unanimously to commit $7,500 to the Project; and
WHEREAS, DMI has requested $7,500 in funds from the City to match the BID's commitment in order to provide financial assistance in the Project's development; and
WHEREAS, the completion of the Project is consistent with the adopted State Street Strategic Plan which was adopted by the Common Council on December 7, 1999; and
WHEREAS, as part of the contribution, the City will be linked to and have complete access to the clearinghouse of information that will be produced from the Project; and
WHEREAS, the clearinghouse of information will assist the City with its downtown planning and redevelopment efforts; and
WHEREAS, funds expended thr...
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