Madison, WI Header
File #: 80130    Version: 1 Name:
Type: Resolution Status: Passed
File created: 9/28/2023 In control: COMMUNITY DEVELOPMENT AUTHORITY
On agenda: 10/17/2023 Final action: 10/17/2023
Enactment date: 10/19/2023 Enactment #: RES-23-00658
Title: Amending the Community Development Authority (CDA) 2023 Adopted Operating Budget to finance a change order of $281,115.60 to the Triangle Redevelopment Master plan from currently held Redevelopment reserves (District 13)
Sponsors: Tag Evers
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
10/17/20231 COMMON COUNCIL Adopt - 15 Votes RequiredPass Action details Meeting details Not available
10/9/20231 FINANCE COMMITTEE RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
10/3/20231 COMMON COUNCIL Refer to a future Meeting to AdoptPass Action details Meeting details Not available
9/28/20231 COMMUNITY DEVELOPMENT AUTHORITY Referred for Introduction  Action details Meeting details Not available

Fiscal Note

The proposed resolution amends the Community Development Authority Redevelopment (CDA) 2023 Adopted Operating Budget to finance a change order of $281,115.60 to the Triangle Redevelopment Master plan from currently held Redevelopment reserves. No additional City appropriation is required.

Title

Amending the Community Development Authority (CDA) 2023 Adopted Operating Budget to finance a change order of $281,115.60 to the Triangle Redevelopment Master plan from currently held Redevelopment reserves (District 13)

Body

WHEREAS, a change order has been presented by New Year Investments to the Triangle Redevelopment Master Plan; and

 

WHEREAS, the CDA Redevelopment has adequate reserves to finance the needed change order; and

 

WHEREAS, the Triangle Redevelopment is contingent on the completion of this planning stage in order to submit the WHEDA Tax Credit Application by 12/31/2023; and

 

WHEREAS, the CDA Redevelopment current budget lacks the authority to fund the above change order.

 

NOW, THEREFORE BE IT RESOLVED that the CDA Redevelopment 2023 Adopted Operating Budget is amended to finance the $281,115.60 change order from currently held reserves.