Fiscal Note
Authorization for the expenditure of $60,000 in funds for detailed market, site analysis, outreach, and other pre-development services associated with the study of up to three (3) additional potential sites for a Madison Public Market is provided in the 2009 adopted PCED capital budget, project #24, "Public Market," and project #6, "Preliminary Planning."
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Authorizing the Mayor and City Clerk to enter into an agreement with Common Wealth Development, Inc., to provide $60,000 in funds for detailed market, site analysis, outreach, and other pre-development services associated with the study of up to three (3) additional potential sites for a Madison Public Market.
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WHEREAS, Common Wealth Development, Inc., has previously received funding from other sources including UW Extension, Madison Community Foundation, the Wisconsin Department of Commerce, and in-kind support from Common Wealth and Blue Planet Partners, which were used for a preliminary site analysis for the Madison Public Market; and
WHEREAS, the Department of Planning & Community & Economic Development received a request from Common Wealth Development, Inc., for funding assistance to prepare a detailed site selection, market analysis plan and to complete other key pre-development and outreach tasks (collectively, the Project) for the proposed Madison Public Market; and
WHEREAS, the City funded $100,000 of a $264,000 project to study the location of the Market; and
WHEREAS, the result of that study identified the Brayton Lot as the preferred location; and
WHEREAS, on November 18, 2008, the Common Council accepted the study by Common Wealth Development, Inc. (RES-08-01019, Legislative File ID #12178); and
WHEREAS, the adopted 2009 Capital Budget provides funding in the Department of Planning & Community & Economic Development Project #24, Public Market, to explore up to three (3) other sites that may compare favorably against the Brayton Lot; and
WHEREAS, Common Wealth De...
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