Fiscal Note
The proposed resolution authorizes the Mayor and City Clerk to enter into a cost sharing agreement with Dane County establishing the County’s contribution of $2.0 million towards the construction of the Madison LakeWay. The funding source was recognized and authorized in the Parks Division's 2025 Adopted Capital Budget (Munis #17362). No additional appropriation is required.
Title
Authorizing the Mayor and City Clerk to execute a cost sharing agreement for the construction of the Madison LakeWay Community Causeway Improvements. (District 13, District 4)
Body
WHEREAS, the City owns the area known as the Madison LakeWay, which includes 1.7 miles of Lake Monona shoreline and 17 acres of lakefront property, extending from S. Blair Street on the north, counterclockwise along the Lake Monona shoreline to E. Lakeside Street on the south, and consists of all or portions of Law Park, the John Nolen Drive Causeway, and Olin Park; and,
WHEREAS, in early 2022, Madison Parks launched the Lake Monona Waterfront Design Challenge-a competition to create a visionary, inclusive, and environmentally focused master plan for the Madison LakeWay, the City’s foremost public lakefront; and,
WHEREAS, in April 2024, the City approved the Design Challenge winner’s master plan for the Madison LakeWay (the Lake Monona Waterfront Master Plan, or “Master Plan”) and directed Madison Parks to pursue outside funding resources to the extent possible to realize the vision set by the Plan; and,
WHEREAS, a portion of Phase 1 of the Madison LakeWay Project, the Community Causeway Improvements (the “Project”), is projected to commence in 2027; and,
WHEREAS, as part of its 2025 Capital Budget, the County has set aside $2 million towards the capital costs associated with the Project; and,
WHEREAS, pursuant to Section 66.0301 Wis. Stats., the City and the County wish to formalize arrangements for the County’s contributions towards the City’s capital costs associated with the Project....
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