Fiscal Note
This resolution would commit the Department of Planning and Development to provide administrative support to the newly created committee through the reallocation of existing staff resources. No resources are currently budgeted to support this activity, and any additional expenditures would requite separate budgetary authorization.
Title
Creating a TID 36 Stakeholders Advisory Committee.
Body
Whereas the City of Madison has adopted the plan to establish Tax Incremental Finance District #36; and,
Whereas the purpose of TID #36 is the retention of existing businesses and employment; stimulation of new and diverse economic development; promotion of residential and commercial development that aligns with adopted plans and needs of adjacent neighborhoods; and, development and integration of public space, including parks and river front improvements; and,
Whereas the plan for TID #36 is complex, representing a careful balance of stakeholder interests, the result of 5 years of planning and stakeholder discussion; and,
Whereas it is critical to the long-term outcome of TID #36 that stakeholders remain involved in setting priorities and advising the Mayor and City Council on projects and plans for the area,
Now therefore be it resolved that the City Council create a TID #36 Stakeholder Advisory Committee whose mission will be to:
1.) Meet at least once annually, but as often as the committee deems necessary to perform its charge;
2.) Help to facilitate an on-going dialogue about community priorities within the district by promoting ad hoc planning groups and by creating City-appointed subcommittees, if necessary;
3.) Advise public policy makers on projects and expenditures within the district;
4.) Guide implementation of the TID 36 project plan;
5.) Help register individuals for a TID 36 "Interested Parties Register";
6.) Inform the public about planned expenditures and major changes in the district, including developer...
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