Fiscal Note
The proposed resolution authorizes a $101,148 contract to start a Census to Census study of impact of the City’s investments in South Madison. This contract will be funded by TIF proceeds from TID #42, which will receive an incremental revenue donation from TID #39 (File ID 61552). The Economic Development Division’s 2020 Adopted Capital Budget will be amended to include the proposed $101,148 contract in the TID 42 Wingra capital program.
Title
Amending the Economic Development Division’s 2020 Adopted Capital Budget (TIF District #42) by $101,148 and authorizing the execution of a contract with the Board of Regents of the University of Wisconsin System on behalf of the Population Health Institute at the University of Wisconsin-Madison School of Medicine and Public Health (“UW PHI”) for the purposes of beginning a Census to Census study of impact of the City’s investments in South Madison. (14th A.D.)
Body
WHEREAS, the City of Madison will absorb the Town of Madison at 11:59 PM, October 31, 2022; and
WHEREAS, upon dissolution of the Town of Madison, the City of Madison will grow by approximately 5,000 persons and 6,000 parcels; and
WHEREAS, many of these parcels and people in the Town of Madison are located in South Madison, generally bordered by Fish Hatchery Road, Wingra Creek, John Nolen Drive, and the Beltline Highway; and
WHEREAS, the City of Madison will invest significant resources into the former Town of Madison areas to bring infrastructure up to City standards, improve and enhance neighborhood assistance and community development programs, and boost the overall economic stability of the area and its residents; and
WHEREAS, the City of Madison wishes to ensure that the resources that it intends to direct into South Madison have the maximum positive impact upon the residents that live there, improving their physical, mental, and financial health, while minimizing deleterious impacts from these investments, such as gentrification and dis...
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