Fiscal Note
The adopted 2015 capital budget includes $700,000 under PCED Project #12 for the South Capitol Transit Oriented District ($380,000 in Federal TIGER II grant funds and $320,000 in TID 25 proceeds). The Parking Utility budget includes $11.95 million in 2015 for replacement of the Government East parking garage (Parking Utility project #2, Judge Doyle Square Garage).
The 2016 adopted capital budget includes $55 million from TID 25, Parking Utility Reserves, and land sale proceeds to support construction of a parking facility ($40 million), return of developer equity ($14 million), and a Bike Center ($1 million).
Additional background information on the project can be found at the Judge Doyle Square page on the City Planning website (
).
Staff resources from the Department of Planning & Community & Economic Development, Finance, Traffic Engineering, Parking Utility, Monona Terrace, City Engineering and City Attorney will be allocated to provide support for the negotiation process without the need for an additional appropriation.
All future expenditures associated with the project will require further Council approval other than the costs associated with the review and developer selection and negotiations with the selected developer.
Title
SUBSTITUTE - Concurring In the Direction Provided to the Judge Doyle Square Negotiating Team at the November 9, 2015, Meeting of the Board of Estimates.
Body
WHEREAS, the Common Council approved the issuance of a Request for Proposals (RFP) on February 3, 2015, for the Judge Doyle Square project; and
WHEREAS, proposals were due from developers on May 1, 2015; and
WHEREAS, four RFP responses were received on May 1, 2015, which are considered complete and in compliance with the RFP requirements; and
WHEREAS, the Negotiating Team prepared a Report for the Board of Estimates covering the important aspects of each proposal; and
WHEREAS, on May 19, 2015, fo...
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