Fiscal Note
Adoption of this agreement would result in future revenue sharing payments from the Town of Blooming Grove to the City of Madison in exchange for the extension of Madison Water Utility services into the Town. The amount and timing of these future payments is dependent on future Blooming Grove tax rates and the value and timing of development on the parcel to be served, so the exact amount of future payments is not known. However, Madison expects to receive approximately $1,900 per year during the 5 year period from 2010 through 2014. When received, this revenue would be deposited in the General Fund and would serve to reduce future year property tax levies.
Title
Authorizing execution of a Municipal Revenue Sharing Agreement between the Town of Blooming Grove and the City of Madison.
Body
WHEREAS, pursuant to Wis. Stat. § 66.0307, Blooming Grove and Madison entered into a Cooperative Plan related to boundary lines and other municipal issues between themselves, which Plan was approved on October 3, 2006, by the State of Wisconsin Department of Administration; and
WHEREAS, Blooming Grove and Madison agreed to cooperate for more efficient delivery of municipal services within the Cooperative Plan Area, and agreed to pursue further cooperative agreements that would qualify each of them for additional shared revenue; and
WHEREAS, the Cooperative Plan created several “Protected Areas” of lands in Blooming Grove which, although nearly surrounded by Madison at the time of Cooperative Plan negotiations, were protected from early attachment to Madison for political and economic reasons; and
WHEREAS, PDQ Food Stores, Inc. (“PDQ”) owns property in Blooming Grove (the “PDQ Property”), located at 4108 Milwaukee Street, and more particularly described as Lot 1 of Certified Survey Map No. 11449, Town of Blooming Grove, Dane County, Wisconsin; and
WHEREAS, Blooming Grove does not have municipal water utility services available to the Protected Area 6D which inc...
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