Number
050755
Version
SUBSTITUTE 2
Reference
041753
Sponsor
ALD. MURPHY AND MCGEE
Title
Substitute resolution appropriating $25,000 from the Harrassment Settlement Trust Account in the Permanent Improvement Fund for a Housing Trust Fund.
Analysis
This resolution reserves $25,000 within the Harrassment Settlement Trust Account in the Permanent Improvement Fund for purposes related to the establishment of a City of Milwaukee Housing Trust Fund.
Body
Whereas, Common Council Files 020125 and 020126, both adopted June 25, 2002, authorized the acceptance of contributions from former Mayor John Norquist and his wife, Susan Mudd, in an amount together with the proceeds from the dissolution of the Citizens for Norquist campaign fund, totaling $375,000; and
Whereas, Subsequent to adoption of these resolutions, $375,000 in contributions were received and deposited in a trust account established by the City Comptroller as part of the City’s Permanent Improvement Fund and known as the “Harassment Settlement Trust Account”; and
Whereas, Common Council Files 020125 and 020126 provided that the funds deposited in the Harassment Settlement Trust Account shall be available for general City purposes after the Common Council provides the necessary budgetary and expenditure authority; and
Whereas, Common Council File 041753, adopted May 20, 2005, appropriated $225,000 from this fund for the purchase of tracking/professional standards software for the Milwaukee Police Department, leaving a balance of $150,000; and
Whereas, The number of homeless and other economically disadvantaged persons in Milwaukee continues to grow; and
Whereas, Quality, safe, affordable housing is a stabilizing factor for those persons and families most in need, and for city neighborhoods as well; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $25,000 is reserved within the Harassment Settlement Trust Account in the Permanent Improvement Fund (Fund 0622 Org 331X Prog 0411 Year 2005 Subcl R999 Account 662201) for the purpose of funding a City of Milwaukee Housing Trust Fund; and, be it
Further Resolved, That the $25,000 appropriation shall be utilized for a consultant to work with an advisory task force to perform various tasks related to the start-up of a City of Milwaukee Housing Trust Fund, including but not limited to development of a formal structure for the administration of the Housing Trust Fund, recommendation of guidelines for selection and development of worthy projects, and identification of on-going sources of revenue to support the Housing Trust Fund’s future projects; and, be it
Further Resolved, That the composition of the membership of the Housing Trust Fund’s advisory task force shall require Common Council approval by resolution, and that the appropriation and expenditure of the $25,000 for the purposes previously stated herein shall also require Common Council approval.
Requestor
Drafter
mcw.lrb
10/14/05
lrb05400.3