FINANCE COMMITTEE

VIRTUAL

Agenda — 18 items

1. 1 NOTE: A quorum of the Common Council may be present at this meeting.
2. 2 The City of Madison is holding the Finance Committee meeting virtually to help protect our community from the Coronavirus (COVID-19) pandemic. 1. Written Comments: You can send comments on agenda items to financecommittee@cityofmadison.com 2. Register for Public Comment: • Register to speak at the meeting. • Register to answer questions. • Register in support or opposition of an agenda item (without speaking). If you want to speak at this meeting you must register. You can register at https://www.cityofmadison.com/MeetingRegistration. When you register to speak, you will be sent an email with the information you will need to join the virtual meeting. 3. Watch the Meeting: If you would like to join the meeting as an observer, please visit https://www.cityofmadison.com/watchmeetings. 4. Listen by Phone: (877) 853-5257 (Toll Free) Webinar ID: 869 1137 4072
3. 3 CALL TO ORDER / ROLL CALL
4. 1. PUBLIC COMMENT 86563
5. 5 DISCLOSURES AND RECUSALS
6. 6 CONSENT AGENDA Adopt the Consent Agenda Pass
7. 7 ITEMS TO BE CONSIDERED
8. 2. Authorizing the Parks Superintendent to Enter into Boat Launch Use Agreements with Construction Companies to Use Designated Boat Launches for Private Purposes (Citywide) 86271 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
9. 3. Authorizing the City to execute an agreement with Marshall Boats LLC to conduct boat rental and instruction, concessions, and other recreational activities at Marshall Park from the years of 2025-2039. (District 19) 86305 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
10. 4. Authorizing the Mayor and City Clerk to enter into a non-competitive contract with Sustain Dane, Inc. for the amount of $235,000 to implement the Growing the Efficiency Navigator Program - An innovative and inclusive energy program for affordable multifamily housing in Wisconsin funded by a grant from the U.S. DOE’s Energy Future grant program. 86353 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
11. 5. Authorizing the Mayor and City Clerk to enter into a 6-year service contract with two optional 1-year renewal terms with Pictometry International Corp DBA EagleView. 86355 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
12. 6. Awarding up to $4,160,497 in federal HOME Investment Partnerships Program grant funds from the U.S. Department of Housing and Urban Development (HUD), as allocated to the City of Madison by the American Rescue Plan Act (a/k/a HOME-ARP), to Housing Initiatives, Inc. to support the development of 16 units of affordable housing and supportive services; and authorizing the Mayor and the City Clerk to enter into agreements to implement the development project (District 12). 86356 Return to Lead with the Recommendation for Approval Pass
13. 7. Approving a loan of up to $300,000 to the Urban League of Greater Madison from the Community Facilities Loan Program to help finance the buildout of a shared commercial kitchen at the Black Business Hub located at 2352 South Park Street; and authorizing the Mayor and City Clerk to sign an agreement for that purpose. (District 14) 86357 Return to Lead with the Recommendation for Approval Pass
14. 8. SUBSTITUTE: Amending the Engineering-Major Streets and Stormwater Utility Adopted Capital Budgets to transfer existing GO budget authority from the Stormwater Utility Citywide Flood Mitigation Program to the Mineral Point Road project, and authorizing the Mayor and the City Clerk to execute an Amendment to the contract between Madison and Mead & Hunt for additional design engineering services for the Mineral Point Rd. Pavement Replacement Project. (District 9) 85825 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass
15. 9. Authorizing the Economic Development Division to submit, and if awarded, accept a grant of up to $250,000 from the Wisconsin Economic Development Corporation’s (WEDC’s) Small Business Development Grant (SBDG) Program; and, if awarded amending the 2025 Economic Development Division’s Operating Budget by up to $250,000, and authorizing the Mayor and City Clerk to execute a contract with WEDC for the grant. 86354 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass
16. 10. SUBSTITUTE: Approving the allocation of City funds that are budgeted and designated to support older adult programming among a group of agencies selected through a Request for Proposals process conducted by the Community Development Division, for use towards contracts covering eligible expenses incurred on or after beginning in January 1, 2025 (Citywide). 85469 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
17. 11. Authorizing the eventual forgiveness of $1,613,365 of debt held by Madison Ice Inc. for the Madison Ice Arena (725 Forward Drive) and Hartmeyer Ice Arena (1810 and 1834 Commercial Avenue), authorizing the termination of existing land contracts for both ice arenas with Madison Ice Hartmeyer, LLC and Madison Ice MIA, LLC (Madison Ice, Inc.), authorizing the fee simple sale of Hartmeyer Ice Arena to East Madison Ice Collective and the fee simple sale of Madison Ice Arena to Madison Ice, Inc. for $1, authorizing a fundraising requirement of approximately $3 million by East Madison Ice Collective for capital improvements to Hartmeyer Ice Arena, and authorizing additional terms related to the renegotiation of the City’s relationship to the ice arenas (District 12 and District 19). 86169 RECOMMEND TO COUNCIL WITH THE FOLLOWING RECOMMENDATIONS - REPORT OF OFFICER Pass
18. 18 ADJOURNMENT Adjourn Pass