Good evening, everyone, and welcome to the Wednesday, July twenty-ninth special called meeting.

May I have the roll call, please?

Mayor Bartlett, here.

Council President Robleski.

Here.

Councilmember Beer.

Here.

Council Member Goodson.

Councilmember McKay.

Here.

Councilmember Lesman.

Councilmember White.

Here.

Council Member Jackson.

Here.

Thank you.

We have a quorum.

We have all signed the waiver that I will give to Lisa at the conclusion of the meeting.

And at this time, I would like to open up public comments.

Public comments are limited to three minutes and would ask that you state your name and what district you live in.

Is there anyone that would like to speak tonight?

Seeing none, we will close public comments and we will have our discussion on uh from legal on our topic tonight of one resolution and one ordinance.

Good evening.

I have two items for your consideration this evening.

And the first is resolution twenty twenty-six two fifty-seven R.

This authorizes a development agreement by and among the City of Madison, Madison Hotel Six LLC, and Old Town Investments LLC, and the legal notice proceeding tonight's discussion was published in the

July twenty-second Madison record.

Under this agreement, the developer, which is the hotel developer, Madison Hotel Six, proposes to develop, own, maintain, and operate an aloft hotel by Marriott, consisting of approximately one hundred and eight hotel rooms and associated parking, lighting, landscaping, and related improvements.

In addition to that, the developer and property owner Old Town Investments LLC proposes to develop a nationally branded mini golf recreational facility adjacent to the hotel site on approximately five acres of property located along town Madison Boulevard.

You can see the site plan up on your screen.

It's also expected to spearhead additional development adjacent to the ballpark.

And

with that, I believe the developers representative is here and would like to say a few words.

Great.

Thank you.

Welcome.

Hi

Joey, Joey CC.

I'm on Iberville Drive and uh Mr.

Goodson's district.

So uh you know, we just are pleased to have this in front of you tonight.

We think this is an excellent uh deal for the city of Madison uh basically in exchange for foregoing uh two million dollars in lodging tax up front.

You know, you're generating over 40 million dollars in investment, you know, right there on that uh on that site between the uh uh the new hotel, the uh the entertainment concept there in the middle, and then kind of creating a real opportunity site for retail right there next to it.

We're already in conversation with a uh uh new restaurant to go there.

So I think probably about the same time you see the hotel open.

I think you'll probably see uh associated a retail and uh commercial development uh on that parcel.

So it'd be kind of a win-win-win for the city.

Uh the deal like we've talked about will create new jobs both at town Madison and uh uh spin-off jobs other places.

We've seen as far as hotel uh

uh

stayers at town Madison that each one of them spends somewhere between 60 and 100 dollars in restaurants, local restaurants, kind of while they're there in the in the uh in the hotel.

So it's a great opportunity for town Madison restaurants for downtown downtown Madison restaurants, as well as uh the more hotel you know uh dwellers we get on the property, uh the better it has for everybody.

So

with

that, I'll answer any questions anybody has.

So

thank you, Mr.

CC, so appreciate

you.

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