Fiscal Note
The total contract price for 2022 is for $194,639. Funding for this contract will come from two sources. The first source is unused funds from the 2021 contract, authorized by Legistar File 62622 (RES-20-00773), which will fund the balance of the 2021 work that will carry over into 2022. The other source of funding will be an TIF proceeds from TID 42. The proposed resolution amends the 2022 Economic Development Division Capital Budget (MUNIS 99005) by $148,246 in TIF Proceeds to support this contract (the TID 42 Project Plan has already been amended to support this project). Funding sources for future contract years are subject to budget availability and authority.
Title
Amending the 2022 Economic Development Division Capital Budget (TID 42) by $148,246, reallocating $46,393 from 2021 Economic Development Division Capital Budget (TID 42) (total funding of $194,639), and authorizing the execution of contract extensions 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 continuing a Census to Census study of impact of the City’s investments in South Madison for a contract term of up to ten (10) years.
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 stabi...
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