Number
011396
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution approving the expenditure of $15,000 from the Economic Development Committee Fund for participation in the International Council of Shopping Centers convention to facilitate neighborhood retail development.
Analysis
This resolution approves the expenditure of $15,000 from the Economic Development Committee Fund as a contribution to the Community Market Development Institute, a non-profit organization which provides technical assistance to several community-based groups located in Milwaukee, for a room and display area at the International Council of Shopping Centers Convention, to be held in Las Vegas, May 19-22, 2002.
Body
Whereas, The International Council of Shopping Centers (ICSC) Convention will be held in Las Vegas, May 19-22, 2002; and
Whereas, The Community Marketplace Development Institute (CMDI), a Washington, D.C.-based non-profit organization provided technical assistance to community-based groups in Milwaukee for the 2001 ICSC Convention; and
Whereas, The Economic Development Committee authorized the expenditure of $15,000 in 2001 for such assistance, with additional money expended by the Department of City Development; and
Whereas, Efforts by the Department of City Development and CMDI at last year's ICSC Convention led to 4 projects that are planned for development in 2002; and
Whereas, This year's authorization of $15,000 will provide City of Milwaukee groups with room and display space in the CMDI booth on the convention floor, and assistance in securing appointments with specific retailers for Milwaukee sites; and
Whereas, The adopted 2002 City Budget provides $50,000 in the Economic Development Committee Fund (Account Number 0001-1310-S123-2002-006300); and
Whereas, This account is to be used for the purposes of promoting the City of Milwaukee's economic development programs, retaining industry and employers in the City, and attracting new industry to the community; and
Whereas, A contribution to CMDI of $15,000 toward the cost of maintaining a room and display space and CMDI expertise dedicated to attracting development to Milwaukee would help fulfill the purpose of the Economic Development Committee Fund; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $15,000 is appropriated from the Economic Development Committee Fund (Account Number 0001-1310-S123-2002-006300) for the Community Market Development Institute to pay for room and display space for the City of Milwaukee in the CMDI booth on the convention floor, and assistance in securing appointments with specific retailers for Milwaukee sites at the International Council of Shopping Centers convention to be held in Las Vegas, May 19-22, 2002.
Requestor
Drafter
02049-1
lme
2/15/02