FINANCE COMMITTEE

VIRTUAL

Agenda — 16 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. 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: 870 4852 0335
3. 3 CALL TO ORDER / ROLL CALL
4. 1. PUBLIC COMMENT 85858
5. 5 DISCLOSURES AND RECUSALS
6. 6 CONSENT AGENDA Adopt the Consent Agenda Pass
7. 7 REGULAR FINANCE COMMITTEE AGENDA
8. 8 ITEMS TO BE CONSIDERED
9. 2. 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 Re-refer Pass
10. 3. Authorizing the City of Madison, on behalf of the Dane County Continuum of Care (CoC), to accept an aggregate EHH grant award of up to $664,228 from the State of Wisconsin Department of Administration; authorizing the Mayor and City Clerk to execute agreements with specific Dane County CoC agencies selected by the CoC Board of Directors to receive the EHH funds; and amending the Community Development Division's 2024 Adopted Operating Budget to reflect receipt of the funds (citywide). 85502 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass
11. 4. Awarding up to $2.77 million of City Affordable Housing Funds authorized in the City’s 2024 Adopted Capital Budget, and up to $2.75 million of City funds also authorized in the 2024 Capital budget within TID #51 for affordable housing to help finance the development and preservation of approximately 152 units of affordable rental housing, in projects selected through a Request for Proposals (RFP) process; and authorizing the Mayor and the City Clerk to enter into agreements with agencies to implement the development projects. (District 3, District 6, District 14, District 15) 85504 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
12. 5. SUBSTITUTE- Awarding up to $1,191,786 $697,000 in Community Development Block Grant (CDBG) funds through Community Development Division’s (CDD) Capital Improvements for Non-profit Housing (CINH) Program to four three non-profit housing providers (Care Net Pregnancy Center of Dane County, Project Home, Nehemiah Center for Urban Leadership Development, and Madison Community Cooperative) and authorizing the Mayor and City Clerk to enter into agreements with those agencies to implement the specified rehabilitation projects. 85520 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass
13. 6. American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF) Update 85857 Approve Pass
14. 14 2025 OPERATING BUDGET DELIBERATIONS
15. 7. 2025 Executive Operating Budget 85264 RECOMMEND TO COUNCIL TO ADOPT - PUBLIC HEARING Pass
16. 16 ADJOURNMENT Adjourn Pass