City of Madison - File #: 21805

• File #: 21805
• Version: 2
• Name: MSCC CARPC Resolution
• Type: Resolution
• Status: Passed
• File created: 3/21/2011
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 4/19/2011
• Final action: 4/19/2011
• Enactment date: 4/28/2011
• Enactment #: RES-11-00311
• Title: SUBSTITUTE Authorizing the Mayor and City Clerk to enter into a Memorandum of Understanding with the Capital Region Sustainable Communities Consortium, enter into a Subgrantee agreement with the Capital Area Regional Planning Commission, and amend the 2011 Department of Planning & Community & Economic Development Capital Budget and the 2012 Capital Improvement Program (CIP) to create a new capital project, “Madison Sustainability Commerce Center” (MSCC), to reallocate to the new project $75,000 of existing General Obligation borrowing proceeds from PCED Project No. 4, “TID 36 - Capitol Gateway Corridor” (CT36-54950-823601-00-2940536), to move $2M in fundraising and grant monies from the 2012 CIP for existing PCED Project 4 to the new MSCC project, and to accept a $300,000 grant through the Capital Region’s Sustainable Communities Regional Planning Grant for preparation of a project proposal/business plan, architectural and engineering plan, public benefits plan, and predevelopment/sit...
• Sponsors: Satya V. Rhodes-Conway, Marsha A. Rummel, Bridget R. Maniaci

Date	Ver.	Action By	Action	Result
4/19/2011	2	COMMON COUNCIL	Adopt Unanimously	Pass
4/11/2011	2	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
3/29/2011	1	COMMON COUNCIL	Referred	Pass
3/21/2011	1	Economic Development Division	Referred for Introduction

Fiscal Note
The Resolution amends the 2011 adopted PCED capital budget to create a new project for the Madison Sustainability Commerce Center, to reallocate to the project $75,000 in authorized General Obligation borrowing, and to recognize an additional $300,000 in grant revenues and commensurate expenditure authority. Additionally, the Resolution amends the 2012 PCED capital improvement program to reallocate to the new project $2M in private fundraising and grant proceeds. These changes have no net impact on City general obligation borrowing expenditures. The $75K in General Obligation borrowing is TID eligible. Acceptance of the $300,000 in grant monies requires a City matching component which is already included in budgeted staff salaries and other projects, so no additional expenditure is required.
Title
SUBSTITUTE Authorizing the Mayor and City Clerk to enter into a Memorandum of Understanding with the Capital Region Sustainable Communities Consortium, enter into a Subgrantee agreement with the Capital Area Regional Planning Commission, and amend the 2011 Department of Planning & Community & Economic Development Capital Budget and the 2012 Capital Improvement Program (CIP) to create a new capital project, “Madison Sustainability Commerce Center” (MSCC), to reallocate to the new project $75,000 of existing General Obligation borrowing proceeds from PCED Project No. 4, “TID 36 - Capitol Gateway Corridor” (CT36-54950-823601-00-2940536), to move $2M in fundraising and grant monies from the 2012 CIP for existing PCED Project 4 to the new MSCC project, and to accept a $300,000 grant through the Capital Region’s Sustainable Communities Regional Planning Grant for preparation of a project proposal/business plan, architectural and engineering plan, public benefits plan, and predevelopment/site planning work for the Madison Sustainability Commerce Center.
Body
WHEREAS, the Capital Region Sustainable Communities Consortium (CRSSC), led by the Capital Area Regio...