Number
001390
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. HINES
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 contracted to provide technical assistance to 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 20-23, 2001.
Body
Whereas, The International Council of Shopping Centers (ICSC) Convention will be held in Las Vegas, May 20-23, 2001; 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 2000 ICSC Convention; and
Whereas, CMDI is under contract with the Community Block Grant Administration to provide technical assistance to community-based groups located in Milwaukee; and
Whereas, The Economic Development Committee authorized the expenditure of $5,000 in 2000 for such assistance, with additional money expended by the Department of City Development; and
Whereas, Efforts by CMDI at last year's ICSC Convention led to creation of 3 community-based projects,with estimated project costs of almost $16 million and the creation of 416 new jobs; 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.
* Consultation with CMDI experts on the creation of industry-specific marketing materials for retail sites in Milwaukee.
* Assistance in securing appointments with specific retailers for any Milwaukee sites.
* Facilitation of real estate develoment projects from start to finish;
; and
Whereas, The adopted 2001 City Budget provides $25,000 in the Economic Development Committee Fund (Account Number 0001-1310-S123-2001-006300), with an anticipated carryover amount from 2000 of $28,860.70, for a total of $53,860.70; and;
Wheras, 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-S123-2001-006300) for the Community Market Development Institute to pay for the following items at the International Council of Shopping Centers convention to be held in Las Vegas, May 20-23, 2001:
* Room and display space for the City of Milwaukee in the CMDI booth on the convention floor.
* Consultation with CMDI experts on the creation of industry-specific marketing materials for retail sites in Milwaukee.
* Assistance in securing appointments with specific retailers for any Milwaukee sites.
* Facilitation of real estate develoment projects from start to finish.
Requestor
Drafter
01030-1
lme
1/23/01