City of Madison, Wisconsin | Legislative Information Center
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File #: 65314    Version: 1 Name: Authorize Brayton Lot and Junction Road parcel as BRT local match in lieu of cash
Type: Resolution Status: Passed
File created: 5/3/2021 In control: Metro Transit
On agenda: 7/6/2021 Final action: 7/6/2021
Enactment date: 7/12/2021 Enactment #: RES-21-00482
Title: Authorizing the contribution of the Brayton Lot and the Junction Road parcel to the Madison Bus Rapid Transit project as local match in lieu of cash contribution.
Sponsors: Keith Furman, Grant Foster, Yannette Figueroa Cole, Barbara Harrington-McKinney
Attachments: 1. 65314 - Brayton Joint Deve Memo to Council.pdf
Fiscal Note
No City appropriation required. The resolution will result in a reduction in local borrowing for the Bus Rapid Transit project and Metro will reflect this change in their 2022 Capital Budget request.
Title
Authorizing the contribution of the Brayton Lot and the Junction Road parcel to the Madison Bus Rapid Transit project as local match in lieu of cash contribution.
Body
WHEREAS, the Madison Bus Rapid Transit (BRT) is planned for completion in 2024 and will require local City of Madison funds to be contributed to the project (local match);
WHEREAS, the BRT project will be partially funded by Federal grant sources;
WHEREAS, the Federal Transit Administration (FTA) allows for the contribution of assets in lieu of cash contributions to meet the local match requirement;
WHEREAS, the City of Madison own two parcels that could be incorporated into the project, one at 1 S Butler St (Brayton Lot) to be used for construction staging and one at 432 S Junction Rd (Junction Rd Parcel) to be used for Western terminal and park and ride facility;
WHEREAS, the City of Madison contributing these parcels to the BRT project would reduce the local debt required to support the project local match;
WHEREAS, the BRT project has a need to construct a West terminal large enough for station facilities, bus charging equipment, restrooms, and possible parking;
WHEREAS, the Junction Rd Parcel was purchased by the City of Madison during the construction of the Mineral Point/Junction Rd jughandle, does not have a currently planned use, and is an ideal location for a Western terminal;
WHEREAS, the BRT project has a need to provide contractors with a location to stage equipment during construction at a location roughly central to the project;
WHEREAS, in the case of the Brayton Lot, the FTA has a Joint Development program allowing properties to be privately redeveloped after the construction purpose has been served, and the revenue from any such redevelopment can be used to su...

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