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Committee accepts Dane County grant and authorizes cost-sharing for Madison Lakeway causeway
Summary
The committee approved a cost-sharing agreement (Legistar 91,378) that will allow the city to receive $2,000,000 allocated by Dane County toward Madison Lakeway Community Causeway Improvements; staff said the project budget relies on $3,000,000 in private fundraising by August and cautioned that failure to raise those funds would require scaling back the project.
The City Finance Committee on Jan. 20 authorized a cost-sharing agreement to accept $2,000,000 from Dane County for the Madison Lakeway Community Causeway Improvements under Legistar 91,378.
City staff said the city currently has $10,000,000 identified in the capital budget (including TID 53, private contributions and impact fees).…
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