HomeMy WebLinkAbout03-469.docNOVEMBER 25, 2003 03-469 RESOLUTION
(CARRIED 6-1 LOST WITHDRAWN LAID OVER .)
AS AMENDED
PURPOSE: APPROVE PARKING AGREEMENT; ADOPT 2004 FINAL
OPERATING PLAN - BID DISTRICT
INITIATED BY: DOWNTOWN OSHKOSH BUSINESS IMPROVEMENT DISTRICT
BOARD
BID BOARD RECOMMENDATION: Approved
BE IT RESOLVED by the Common Council of the City of Oshkosh that the
attached Agreement between the City of Oshkosh and the Downtown Oshkosh
Business Improvement District is hereby approved and the proper City officials are
hereby authorized to execute and deliver the agreement in substantially the same form
as attached hereto, any changes in the execution copy being deemed approved by their
respective signatures, and said City officials are authorized and directed to take those
steps necessary to implement the terms and conditions of the Agreement.
BE IT FURTHER RESOLVED that the Downtown Oshkosh Business
Improvement District 2004 Final Operating Plan, on file at the City Clerk's office, is
hereby approved and adopted.
AMENDMENT: That the BID shall pay for a portion of the 2004 debt service of the
Parking Utility Fund in the amount not to exceed $21,900.00.
AGREEMENT
This AGREEMENT made this day of , 2003, by and between the CITY OF
OSHKOSH, a Wisconsin corporation, hereinafter referred to as "CITY", and the DOWNTOWN OSHKOSH
BUSINESS IMPROVEMENT DISTRICT, hereinafter referred to as "BID";
WITNESSETH:
WHEREAS, the City of Oshkosh was petitioned to establish a Business Improvement District; and
WHEREAS, on September 17, 1987, the City created the Downtown Business Improvement District; and
NOW, THEREFORE, for and in consideration of the mutual promises herein contained, the receipt and
sufficiency of which is hereby acknowledged, the paff~es agree to as follows:
A. The BID shall pay for a portion of the 2004 debt service of the Parking Utility Fund in an amount not to
exceed $ ~-S-,t}00..~.
$21,900.00
B. The BID authorizes the City, beginning April 1, 2004, and ending September I, 2004, to transfer six (6) equal
installments of $~600.4~ from the BID's segregated account to the City Parking Utility Fund.
$3,650.00
C. The City shall provide the BID with a monthly statement of the segregated account's balance within 10
working days after each monthly transfer is completed.
D. The term of this Agreement is from November 25, 2003 to November 25, 2004 unless the BID is terminated
pursuant to Section 66.1109, Wis. Stats.
E. If the BID is terminated prior to the end of the term of this Agreement, the City shall reimburse the BID on a
pro rata basis based on the number of months left in the term of this Agreement.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the day and year above
DOWNTOWN OSHKOSH BUSINESS
IMPROVEMENT DISTRICT
BY: BY:
NORMAN PACKE~ CHAIRMAN
CITY OF OSHKOSH
RICHARD A. WOLLANGK, CITY MANAGER
JACKSON R. KINNEY, SECRETARY
PAMELA R. UBRIG, CITY CLERK
APPROVED AS TO FORM:
LYNN LORENSON, ASSISTANT CITY ATTORNEY
2004 Parking Utility Agreement
2004 DISTRICT ASSESSMENT
The 2004 District Assessment will be combined with any carryover funds from the 2003
Operating Plan and will be put toward 2004 program activities. In 2003, the DOBID assessed
itself $123,000 to support activities in their Operation Plan. In 2004, the DOBID is proposing to
again assess itself $123,000.
Table 1. Overall 2004 DOBID Operating Budget AllOcation
Estimated 20~3 2004 Total
Project Carryover Funds Assessment Available
Parking $0 $15,000 $15,000
Events Support $0 $18,700 $18,700
Marketing $4,000 $2,500 $6,500
Beautification $1,350 $22,800 $24,150
Contract Services $0 $28,000 $28,000
Recruitment Fund $0 $20,000 $20,000
Refuse Enclosure Project $0 $15,000 $15,000
Revolving Loan Fund SN/A $1,000 $1,000
Total $5,350 .$123,000 $128,350
Of the 2004 assessment figures, 12.2% is devoted to Parking, 15.2% to Events Support, 2% to
Marketing, 18.5% for Beautification, 22.8% to Contracted Services, 16.3% to the Recruitment
Fund, 12.2% for the Refuse Enclosure Project, and 0.8% to the Revolving Loan Fund.