CDA Redevelopment Function: Planning & Development

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1 Agency Overview 91 Agency Mission The mission of the Community Development Authority of the City of Madison (CDA) is to carry out various housing and redevelopment initiatives of the City, with powers and duties provided for under State Statutes. Agency Overview The Agency provides: assisted housing development and management, neighborhood revitalization, housing finance and rehabilitation, and urban renewal and redevelopment. As the City s housing authority, the CDA is charged with the planning the redevelopment of areas where unsafe housing exists and with providing safe and sanitary dwelling accommodations for persons of low income. Acting as the redevelopment authority the CDA provides for the elimination and prevention of substandard, deteriorated and blighted areas through redevelopment activities. In addition, by ordinance the Common Council has designated the CDA as the administrative entity for the City s various housing rehabilitation and home buyers assistance loan programs Budget Highlights The Adopted Budget reflects an update to budgeted debt service payments for The technical adjustment was reflected in the budget by Council Amendment #2.

2 Budget Overview 91 Budget by Service (All Funds) # Redevelopment TOTAL $ - $ - $ - $ - $ - $ - Budget by Fund & Major Fund: CDA CDA Revenue (2,844,615) (1,980,998) (1,803,258) (1,821,732) (2,227,293) (1,820,520) Salaries 117, , , , , ,211 Benefits 45,453 57,008 42,319 59,430 60,202 60,346 Supplies 447,370 1, ,060 1,060 1,060 Purchased Services 807, , , , , ,640 Debt Other Financing 1,426, , , ,746 1,243, ,263 TOTAL $ - $ - $ - $ - $ - $ -

3 Service Overview Service: Redevelopment 911 Service Description This service encompasses the Community Development Authority s efforts to carry out various economic and redevelopment initiatives of the City. Active CDA redevelopment work includes: The Village on Park, public housing redevelopment in the Triangle and Allied Drive Neighborhood Redevelopment. The CDA also operates more than 200 affordable apartments with long term rent restrictions but no federally funded operating subsidy. The primary customers of this service are low-income residents of the City of Madison. The goal of this service is to strengthen neighborhoods and provide affordable housing. Planned initiatives for 2017 include: creating a strategic plan to redevelop public housing in the Triangle Neighborhood; develop affordable ownership housing in the Allied Drive neighborhood; supporting the development of permanent supportive housing for residents experiencing homelessness; and continuing to support the City's initiative to create affordable housing. Service Budget by Major 4 Revenue (2,844,615) (1,980,998) (1,803,258) (1,821,732) (2,227,293) (1,820,520) # Salaries 117, , , , , ,211 # Benefits 45,453 57,008 42,319 59,430 60,202 60,346 # Supplies 447,370 1, ,060 1,060 1,060 # Purchased Services 807, , , , , ,640 # Debt Other Financing 1,426, , , ,746 1,243, ,263 TOTAL $ - $ - $ - $ - $ - $ -

4 CDA Redevelopment Line Item Detail 91 Function: Planning & Development Supplies Office Supplies Furniture Postage Work Supplies - 1,060-1,060 1,060 1,060 Food And Beverage Building 20, Land 425, Equipment Supplies Total $ 447,370 $ 1,060 $ 506 $ 1,060 $ 1,060 $ 1,060 Purchased Services Natural Gas Electricity 2, ,000 1,000 1,000 Water 2,000-2,304 2,000 2,000 2,000 Sewer Stormwater 631 1, Cellular Telephone Building Improv Repair Maint Waste Disposal Landscaping 4,867 5,250 5,774 6,200 6,200 6,200 Conferences And Training 306 4,000 2,895 4,000 4,000 4,000 Appraisal Services - 2,000-2,000 2,000 2,000 Audit Services 19,100 12,000-19,000 19,000 19,000 Legal Services 500-3, Mortgage And Title Services , Management Services 647, , , , , ,000 Consulting Services 84, Advertising Services Engineering Services 4,757-10, Architecutural Services 1, Surveying Services 4, Other Services And Expenses 10,292 15, ,000 15,000 15,000 Property Insurance 22,943 16,000 75,366 24,000 24,000 24,000 Taxes And Special Assessments 7, Permits And Licenses (8,100) Total $ 807,045 $ 704,790 $ 676,628 $ 725,640 $ 725,640 $ 725,640 Debt and Other Financing Uses Interest 739, , , , , ,820 Paying Agent Services 2, Principal - 664, , ,500 1,001, ,180 Payments In Lieu Of Taxes 70,000 70,000 70,000 70,000 70,000 70,000 Fund Balance Generated 614, ,263 Total $ 1,426,996 $ 943,500 $ 943,500 $ 843,746 $ 1,243,121 $ 835,263

5 CDA Redevelopment Line Item Detail 91 Function: Planning & Development Revenue Development Fees (7,961) (340,773) (340,773) (168,020) (168,020) (168,020) Reimbursement Of Expense (10,720) Non Dwelling Rent (1,520,375) (1,463,000) (1,218,661) (1,495,000) (1,495,000) (1,495,000) Interest (853,699) (85,182) (72,473) (100,000) (100,000) (100,000) Miscellaneous Revenue (25,883) (79,000) (81,042) (57,500) (57,500) (57,500) (Gain) Loss On Sale Of Asset , Fund Balance Applied - (13,043) (302,314) (1,212) (406,773) - Transfer In From Tax Increment (425,977) Total $ (2,844,615) $ (1,980,998) $ (1,803,258) $ (1,821,732) $ (2,227,293) $ (1,820,520)

6 Position Summary Budget Request Executive Adopted CG FTEs Amount FTEs Amount FTEs Amount FTEs Amount CDCDA EXECUTIVE DIRECTOR , , , ,537 EC ECON REV SUPV , , , ,537 TOTAL 2.00 $ 176, $ 190, $ 190, $ 191,074 Between the Executive and Adopted budget funding for the Voluntary Employee Beneficiary Association plan was transferred from permanent wages to fringe benefits. Impacted Compensation Groups include 16, 20, 23, 31, 32, 33, and 83.