City of Madison - File #: 80106

• File #: 80106
• Version: 2
• Name: 2ND ALTERNATE Amending the 2023 Adopted Capital Budget of the Economic Development Division and Awarding Public Works Contract No. 8595, Madison Public Market.
• Type: Resolution
• Status: Passed
• File created: 9/27/2023
• In control: BOARD OF PUBLIC WORKS
• On agenda: 10/17/2023
• Final action: 10/17/2023
• Enactment date: 10/19/2023
• Enactment #: RES-23-00656
• Title: ALTERNATE Amending the 2023 Adopted Capital Budget of the Economic Development Division and Awarding Public Works Contract No. 8595, Madison Public Market (District 12)
• Sponsors: Marsha A. Rummel, Amani Latimer Burris
• Related files: 80837

Date	Ver.	Action By	Action	Result
10/17/2023	1	COMMON COUNCIL	Adopt Alternate	Pass
10/9/2023	1	FINANCE COMMITTEE	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
10/5/2023	1	PUBLIC MARKET DEVELOPMENT COMMITTEE (ended 1/2024)	Return to Lead with the Following Recommendation(s)	Pass
10/4/2023	1	BOARD OF PUBLIC WORKS	Return to Lead with the Following Recommendations	Pass
10/3/2023	1	FINANCE COMMITTEE	Refer
10/3/2023	1	FINANCE COMMITTEE	Refer
10/3/2023	1	COMMON COUNCIL	Refer	Pass
9/27/2023	1	Engineering Division	Referred for Introduction

Fiscal Note
The proposed resolution amends the 2023 Adopted Capital Budget of the Economic Development Division, and authorizes the award of Public Works Contract No. 8595, Madison Public Market. The budget amendment adds $2,279,755 $1,641,071 in new City-issued General Obligation borrowing authorization, and up to $1,000,000 in additional Dane County funding, to the Madison Public Market project (MUNIS #10069) to support overall project costs. The resolution also directs City staff to pursue an amendment the TID #36 Project Plan from the TIF Joint Review Board to utilize TID #36 funding in lieu of GO borrowing. If the Project Plan amendment is approved, TIF funding would replace GO Borrowing.

The construction cost for the base bid plus alternates #1 and #2 will be funded by the Madison Public Market project (MUNIS #10069). Funding for alternate #3 - Solar PV system bid item will be funded via existing budget in the Engineering Facilities Management Capital Budget Energy Improvement program (MUNIS #14908).

This resolution authorizes the award of the base bid and alternates #1, #2 and #3 in Public Works Contract No. 8595. The budget amendment provides sufficient budget authority to award Public Works Contract No. 8595 - Madison Public Market and complete the remaining non-Public Works project costs (i.e. design consultant fees, staff time, furnishings/fixtures/equipment, percent for art, and related startup costs).
Title
ALTERNATE Amending the 2023 Adopted Capital Budget of the Economic Development Division and Awarding Public Works Contract No. 8595, Madison Public Market (District 12)
Body
WHEREAS, the City of Madison has been planning for a Madison Public Market for years, with work on the most recent effort starting in 2012 through the formation of the now named Public Market Development Committee; and

WHEREAS, site searches, business planning, the completion of a Racial Equity and Social Justice Initiative analysis, and the launch of a MarketReady Prog...