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File #: 15934    Version: 1 Name: 2010 BID Operating Plan
Type: Resolution Status: Passed
File created: 9/8/2009 In control: DOWNTOWN COORDINATING COMMITTEE
On agenda: 10/6/2009 Final action: 10/6/2009
Enactment date: 10/8/2009 Enactment #: RES-09-00857
Title: To approve the 2010 Operating Plan for Madison's Central Business Improvement District (#1).
Sponsors: Michael E. Verveer
Attachments: 1. BID OpPlan10 CoverMemo Council (2).pdf, 2. BID_OpPlan_10_BIDBoard_Approved.pdf, 3. BID_Statute.pdf, 4. BID_List_2010_BIDBoard_Sep3.pdf, 5. BID_Map_2010.pdf, 6. Registration Statement.pdf, 7. BID_OpBudget_10_BIDBoard_Sep3.pdf, 8. BID Opinion 2010.pdf, 9. BID_VoteProces_2010.pdf, 10. BID_SampleBallot.pdf
Fiscal Note
The 2010 Operating Plan for Madison's Central Business Improvement District anticipates expenditures of $344,872, funded with a BID assessment of $257,372 and $87,500 in other revenues. BID operations have no direct budgetary impact on the City.
To approve the 2010 Operating Plan for Madison's Central Business Improvement District (#1).
Wisconsin State Statute 66.1109, often referred to as the "BID Law," authorizes cities to
create Business Improvement Districts "to allow businesses within those districts to
develop, to manage, and to promote the districts and to establish an assessment method to fund these activities."

Under 1999 Wisconsin State Statute 66.608 the City of Madison on December 7, 1999,
created Madison Business Improvement District #1, known as Madison Central Business
Improvement District, and adopted its initial operating plan.

The Madison Central Business Improvement District (#1) is governed by a Board of
Directors, who are appointed by the Mayor and confirmed by the City Council.

The State enabling legislation requires that the Board of Directors of the BID annually
consider changes to its operating plan and submit a revised operating plan to the local
legislative body for approval. The BID Operating Plan contains a sunset clause requiring affirmative renewal of the District by property owner vote every 5 years.

WHEREAS the Business Improvement District Board convened an annual meeting of property owners and businesses on June 16, 2009, to review the District's accomplishments and to obtain input for the development of its 2010 operating plan, assessment and budget; and

WHEREAS in 2009 the District property owners voted affirmatively to continue the District from 2010 through 2014 with the canvass certified by the City of Madison Clerk’s office on August 3, 2009; and

WHEREAS the Business Improvement District Board of Directors adopted the proposed 2010 Operating Plan at its September 3, 2009, meeting;...

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