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File #: 61060    Version: Name: ALTERNATE - Amending Resolution Substitute Resolution No.61179 relating to the purposes of the Façade Improvement Grant Fund to add a stated purpose of Downtown Recovery.
Type: Resolution Status: Passed
File created: 6/19/2020 In control: FINANCE COMMITTEE
On agenda: 8/13/2020 Final action: 9/1/2020
Enactment date: 9/8/2020 Enactment #: RES-20-00630
Title: ALTERNATE - Amending Resolution Substitute Resolution No.61179 relating to the purposes of the Façade Improvement Grant Fund add a stated purpose of Downtown Recovery.
Sponsors: Lindsay Lemmer, Michael E. Verveer, Satya V. Rhodes-Conway, Michael J. Tierney, Zachary Henak, Sheri Carter
Attachments: 1. 61060 v5_Alternate.pdf, 2. Facade Objectives and Criteria: 6/26/20.pdf, 3. 61060 v4 3rd Substitute.pdf, 4. 61060 v3_2nd Substitute.pdf, 5. 61060 v2_Substitute.pdf, 6. 61060 v1_Original.pdf, 7. EDC Emails July 15 2020 - Legistar 60995 and 61060.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
9/1/20205 COMMON COUNCIL Adopt With Amendment(s)Pass Action details Meeting details Not available
8/13/20205 COMMUNITY DEVELOPMENT AUTHORITY RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICERPass Action details Meeting details Not available
8/4/20204 COMMON COUNCIL ReconsiderPass Action details Meeting details Not available
8/4/20205 COMMON COUNCIL ReferPass Action details Meeting details Not available
7/21/20202 COMMON COUNCIL ReferFail Action details Meeting details Not available
7/21/20204 COMMON COUNCIL Place On File Without PrejudicePass Action details Meeting details Not available
7/20/20203 FINANCE COMMITTEE RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
7/15/20202 ECONOMIC DEVELOPMENT COMMITTEE Referred  Action details Meeting details Not available
7/14/20201 COMMON COUNCIL ReferPass Action details Meeting details Not available
6/19/20201 Mayor's Office RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - MISC. ITEMS  Action details Meeting details Not available
Fiscal Note
The proposed resolution adds the Downtown Recovery Program to the Façade Improvement Grant program. The 2020 Adopted Capital Budget includes $125,000 for the Façade Improvement Grant program. In 2020, this entire program was funded through reserves in the Capital Revolving Loan Fund. The current balance of the 2020 appropriation is approximately $60,000. This resolution does not increase the overall funding amount for the program in 2020, or transfer additional funding from other capital sources. Instead, the resolution expands eligibility under the current Façade Improvement program to fund building repairs in the Downtown.
Title
ALTERNATE - Amending Resolution Substitute Resolution No.61179 relating to the purposes of the Façade Improvement Grant Fund add a stated purpose of Downtown Recovery.
Body
WHEREAS on State Street alone, 70 percent of businesses are locally owned and operated, and 62 percent of businesses are owned by people of color and women; and,

WHEREAS, these businesses also employ many Madisonians, including a number of people of color and women; and,

WHEREAS, the COVID-19 shutdown and recent activity has prompted 41 business owners to indicate in a recent survey that they will find it difficult to reopen and could close permanently; and,

WHEREAS, this area is a substantial economic driver for our City and our residents want to ensure its survival, and

WHEREAS, according to the Downtown Plan, we aim to make this a magnet for a diverse population working, living, visiting, and enjoying an urban environment; and,

WHEREAS, a going concern for downtown Madison is critical in continuing to attract new jobs, residents and visitors; and,

WHEREAS, we wish to support the survival of the retail and service environment; and,

WHEREAS, the City of Madison desires to provide financial assistance to existing downtown businesses as the first step toward promoting a more equitable downtown recovery; and,

WHEREAS, on February 3, 2004, the Co...

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