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File #: 0562-21    Version: A Name: Subject: Communication sponsored by Chairman Tate requesting authorization for the Mayor and City Clerk to sign a revised agreement with the Wisconsin Transit Capital Assistance Grant Program (VW Mitigation Program) to fund up to two buses and agreeing t
Type: Communication Status: Passed
File created: 7/7/2021 In control: Finance and Personnel Committee
On agenda: Final action: 7/20/2021
Title: Subject: Communication sponsored by AlderTate II. requesting authorization for the Mayor and City Clerk to sign a revised agreement with the Wisconsin Transit Capital Assistance Grant Program (VW Mitigation Program) to fund up to two buses and agreeing to a reduction of future State shared revenue payments to pay for the local share. Recommendation of the Finance and Personnel Committee on 07-12-2021: To Approve Fiscal Note: Up to $418,328 in reduced state shared revenue payments amortized over ten annual installments at zero percent interest starting the year that the reimbursement occurs
Attachments: 1. Finance and Personnel Committee 07-12-2021 VW Round 2 Revision, 2. #0562-21 Resolution

Title

Subject:  Communication sponsored by AlderTate II. requesting authorization for the Mayor and City Clerk to sign a revised agreement with the Wisconsin Transit Capital Assistance Grant Program (VW Mitigation Program) to fund up to two buses and agreeing to a reduction of future State shared revenue payments to pay for the local share.

 

Recommendation of the Finance and Personnel Committee on 07-12-2021: To Approve

 

Fiscal Note: Up to $418,328 in reduced state shared revenue payments amortized over ten annual installments at zero percent interest starting the year that the reimbursement occurs