Thanks!
Dear Alder
As you know, the Wisconsin Alumni Research Foundation has asked the CDA to waive part of its fee for our issuance of $185 million in redevelopment bonds for its project in the 1200 and 1300 blocks of University Avenue. This item is on our agenda for June 12.Notwithstanding the CDA’s status as an independent authority, it is very important to me that we act in a manner consistent with the city’s expectations — especially on matters, such as this, with financial implications. Accordingly, I am by this email asking for your comment on the WARF request. Please let me know, either by phone or email, your thoughts on this matter, and I will convey them to the full CDA.
Also, as always, please feel free to contact me or Mark Olinger with questions about this, or any other aspect of CDA activity.
Thanks very much.
Respectfully,
Stu Levitan
Chair, CDA
My response:
I can’t see how you could give up the fee since the CDA clearly needs the cash to do the many things you are working on. I would think if you don’t take it and then come back to the council for more money, you’ll run into some issues. Thanks for asking.
Brenda
