City of Madison
Legislative File ID   01552
Type:   Resolution    Status:   Passed
Enactment Date:   7/21/2005    Enactment No.:   RES-05-00623
Title:  
AMENDED SUBSTITUTE - Authorizing the Mayor and City Clerk to execute a development agreement to fund a $4,274,000 Tax Incremental Finance Loan to the Alexander Co., Inc. and its assigns to assist in the development of the first phase of a mixed-use redevelopment project (Capitol West) located in Block 51 of the West Washington Avenue corridor in the amended TID #28 (Bassett).
Controlling Body:   BOARD OF ESTIMATES
Introduced:   6/29/2005    Version:   3
Final Action:   7/19/2005    Contact:   Jennifer Stoiber
Name:  
Authorizing the Mayor and City Clerk to execute development agreement to fund $4,274,000 TIF Loan to the Alexander Co., Inc. to assist in the development of the first phase of a redevelopment project (Capitol West) located in Block 51 West Washington Ave
Extra Date 1:  
Requester:   BOARD OF ESTIMATES
Sponsors:  
David J. Cieslewicz, Michael E. Verveer
Legislative History
DateActing BodyAction TakenMotion
6/29/2005Community and Economic Development UnitFiscal Note Required / Approval to the Comptroller's Office/Approval Group Completed on 7/1/2005
6/29/2005Comptroller's Office/Approval GroupFiscal Note Pending to the Community and Economic Development Unit Completed on 6/29/2005
Notes: Bohrod
6/29/2005Community and Economic Development UnitReferred for Introduction
Notes: Board of Estimates
7/1/2005Comptroller's Office/Approval GroupApproved Fiscal Note By The Comptroller's Office to the COMMON COUNCIL Completed on 7/19/2005
Notes: Brasser
7/5/2005COMMON COUNCILRefer to the BOARD OF ESTIMATES Completed on 7/11/2005
7/11/2005BOARD OF ESTIMATESA motion was made by Verveer, seconded by Olson, to RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER. The motion passed by acclamation.Pass
7/13/2005Community and Economic Development UnitFiscal Note Required / Approval to the Comptroller's Office/Approval Group Completed on 7/13/2005
Notes: send back to Board of Estimates
7/13/2005Comptroller's Office/Approval GroupApproved Fiscal Note By The Comptroller's Office to the COMMON COUNCIL Completed on 7/19/2005
Notes: Brasser
7/19/2005COMMON COUNCILA motion was made by Ald. Verveer, seconded by Ald. Olson, to Adopt with the following amendment(s): The TIF loan is contigent upon authorization for its funding being included in the 2006 adopted Capital Budget. The motion passed by the following vote:Pass
(14:6)
Notes: 3 Registrant(s) in support wishing to speak; 3 Registrant(s) in support not wishing to speak; 14 Registrant(s) in opposition not wishing to speak.

  powered by Daystar Computer Systems, Inc.