Fiscal Note
Funding of $990,000 (including $440,000 in Federal TIGER II grant funds and $550,000 from TID 25 proceeds) for the Judge Doyle Square project and South Capital Transit Oriented District planning effort has been included in the 2014 Adopted Capital Budget of the Department of Planning & Community & Economic Development (DPCED), Project No. 12, "South Capitol Transit Oriented District (Judge Doyle Square)", Account No. 810707. Funding of $7,000,000 for the replacement of the Government East parking structure as part of the Judge Doyle Square project has been included in the 2014 Adopted Capital Budget of the Parking Utility, Project No. 2 , “Judge Doyle Square Garage”, Account No. 810620. No additional appropriation is required.
Additional background information on the negotiations to date can be found in Res. #35297 -- Report of Negotiating Team to Board of Estimates at its July 28, 2014 meeting.
This Resolution extends the negotiation phase for Judge Doyle Square to October 15, 2014.
Staff resources from the Department of Planning & Community & Economic Development, Finance, Traffic Engineering, Parking Utility and City Engineering will be allocated to provide support for the negotiation phase process without the need for additional expenditure.
All future expenditures associated with the project will require further Council approval other than the costs associated with administering the negotiation phase of the process.
Title
SUBSTITUTE - Amending Substitute Resolution RES-14-00161 to extend the date by which staff is to report to the Common Council regarding negotiations with JDS Development, LLC on the Judge Doyle Square Project.
Body
PREAMBLE
WHEREAS, On on February 25, 2014, the Common Council adopted Substitute Resolution RES-14-00161, File No. 33018, which approved the selection of JDS Development, LLC (“Developer”) as the developer of the Judge Doyle Square Project;
WHEREAS, The the Substitute Resolution also authorized staff to ...
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