Authorizing the Mayor and City Clerk to execute a cost sharing agreement for the construction of the Madison LakeWay Community Causeway Improvements. (District 13, District 4)

Summary

This agreement formalizes a cost-sharing arrangement between the City of Madison and Dane County for the construction of the Madison LakeWay Community Causeway Improvements. The County will contribute $2 million towards the project's estimated $12 million total construction cost. The project, part of Phase 1 of the larger Madison LakeWay Project, involves shoreline park improvements, including a pedestrian path, reestablishing vegetation, stormwater management, and boardwalks. Design is planned for 2026, with construction commencing in 2027. The City will manage the project and bill the County in four installments as construction progresses. The City is also seeking $3 million in private fundraising, with any remaining costs or shortfalls to be covered by the City. The City is obligated to maintain the project as a public park for a minimum of 20 years.

Citizen Impact

This agreement secures $2 million in county funding for significant improvements to the Madison LakeWay shoreline, including new pedestrian paths and amenities, with construction expected to begin in 2027. Residents will benefit from enhanced public lakefront access and recreational opportunities.

Confidence

high