Fiscal Note
This resolution amends the 2007 Capital Budget by increasing the budget authority of the Administrative Offices project (Miscellaneous - Project 5) by $682,000 $620,000. This additional authority will be funded by an increase in General Obligation borrowing. Since the 2007 borrowing has already been finalized, this additional borrowing will not occur until 2008 and will be internally financed until that time.
The related debt service costs are expected to average approximately $88,000 $77,000 over the next ten years.
The authority for this borrowing was not included in the proposed 2008 Executive Capital Budget and must be included in the 2008 Capital Budget by amendment.
Title
SUBSTITUTE - Amending the 2007 Capital Budget to allow for the completion of Phase Two of Facilities Management's project to improve City offices in the City County Building and the Madison Municipal Building, specifically, the Comptroller's Office, Traffic Engineering, Housing Operations, and Community and Economic Development Division, and Health.
Body
PREAMBLE
The City of Madison in 2005 and 2006 purchased from Dane County approximately 25,000 square feet in the City County Building. This additional space created opportunities for city agencies located in the City County Building and the Madison Municipal Building to relocate, expand or merge offices as part of a multi-year effort.
Phase One, which is being completed in summer and fall of 2007 consists of the City of Madison Parks Division moving from the Madison Municipal Building to the first floor of the City County Building;. In addition, Phase One included locating and consolidating the Department of Civil Rights and Information Technologies on the 5th floor of the City County Building; expanding the Madison Police Department into GR10 of the City-County Building;, and expanding Municipal Court offices on the 2nd floor.
Phase Two consists of the Housing Operations moving to the first floor...
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