City of Milwaukee - File #: 101336

• File #: 101336
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/1/2011
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 3/23/2011
• Title: Substitute resolution authorizing the submittal, acceptance and funding of the Neighborhood Stabilization Program 3 under the Dodd-Frank Act from the Wisconsin Department of Commerce, Division of Housing and Community Development through the Community Development Grants Administration (CDGA).
• Sponsors: THE CHAIR
• Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT BLOCK GRANT

Date	Ver.	Action By	Action	Result	Tally
3/28/2011	1	MAYOR	SIGNED
3/23/2011	1	COMMON COUNCIL	ADOPTED	Pass	15:0
3/10/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual present: Steven Mahan - Director CDGA	Pass	5:0
3/8/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/1/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
101336
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal, acceptance and funding of the Neighborhood Stabilization Program 3 under the Dodd-Frank Act from the Wisconsin Department of Commerce, Division of Housing and Community Development through the Community Development Grants Administration (CDGA).
Body
Whereas, The City of Milwaukee is eligible to submit an application to the Wisconsin Department of Commerce, Division of Housing and Community Development (DHCD) to operate the Neighborhood Stabilization Program 3 (NSP3) and the NSP3 Milwaukee Consortium program in the amount of $3,132,550; and

Whereas, The projected start date of this grant program is scheduled to begin April 15, 2011 with a projected end date of April 15, 2014. The City of Milwaukee will apply for the amount of $1,881,250 and the Milwaukee Consortium will apply for the amount of $1,251,300 - refer to Attachment A for detailed awards. The City of Milwaukee will serve as the managing member conducting consortium activities; and

Whereas, The application to DHCD will consist of similar activities as noted in the attached application (See Exhibit B); now therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Community Development Grants Administration shall accept this grant without further approval unless the terms of the grant change as indicated in Section 304-81, Milwaukee Code of Ordinances; and, be it

Further Resolved, That the City Comptroller is authorized to:

Commit Funds within the Project/Grant Parent of the 2011 Special Revenue Grant and Aid Projects Fund, the following amounts for the program/projects titled State of Wisconsin Neighborhood Stabilization Program 3 (NSP3):

Project/Grant Fund Org Program BY SubClass Acct
GR0001100000 0150 9990 0001 0000 R999 000600

Project Amount
Grantor Share $3,132,550

Create the necessary Grant and Aid Project/Grant and Project/...