NUMB:
971012
VERS:
ORIGINAL
REF:
940539
XXBY:
THE CHAIR
TITL:
Resolution approving the updated Economic Development Strategy for the Special Impact Area for the Economic Development Administration of the U.S. Department of Commerce. (DCD)
ANLS:
- Analysis-
This resolution, if adopted, authorizes the submission of the 1997 Overall Economic Development Program ("OEDP") Progress Report to the U.S. Department of Commerce. Approval of the 1997 OEDP Progress Report allows the City to continue to apply for funds available through the Economic Development Administration.
BODY:
Whereas, The Economic Development Administration ("EDA") of the U.S. Department of Commerce has determined that the City of Milwaukee ("City") Special Impact Area ("SIA") is qualified to receive EDA economic development assistance subject to the submittal by the City to EDA of an Overall Economic Development Program ("OEDP"); and
Whereas, The City prepared and the Common Council adopted the initial OEDP, submitted it to the EDA, and had it approved by that agency in 1974; and
Whereas, The City has periodically, as requested by the EDA, prepared and adopted OEDP Progress Reports, submitted them to and had them approved by that agency; and
Whereas, The Department of City Development has prepared a 1997 OEDP Progress Report ("Progress Report") for submittal to the EDA; and
Whereas, The OEDP Committee has reviewed the Progress Report and recommends to the Common Council that it be adopted and transmitted to the EDA; and
Whereas, Adoption of the Progress Report by the Common Council of the City of Milwaukee and the subsequent acceptance and approval of the document by the EDA will make it possible for the City to make application to the EDA for Federal economic development assistance; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the 1997 OEDP Progress Report, a copy of which is attached to this Common Council File, is adopted; and, be it
Further Resolved, That the Commissioner of the Department of City Development is authorized to submit the Progress Report to the EDA for that agency's acceptance and approval; and, be it
Further Resolved, That the Commissioner of the Department of City Development is encouraged to pursue appropriate Federal economic development assistance to implement action items described in the Progress Report.
ZDPT:
DFTR:
DCD:MB:ml
10/14/97/A