Number
061317
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to the use and allocation of the Large Impact Development (LID) reprogramming funds.
Analysis
This resolution awards funding to Large Impact Development (LID) projects utilizing the 2006 LID pool in the amount of $473,000 that was awarded during the 2006 reprogramming cycle.
Body
Whereas, The Common Council of the City of Milwaukee approved the CDBG award to the Large Impact Development (LID) pool in the amount of $473,000; and
Whereas, The Community Development Grants Administration released Request-for-Proposals for the LID pool funding; and
Whereas, The following organizations submitted Request-for-Proposals:
Requested
Organization Name Project Name Amount
Recommendation
Midwest Affordable Hsg Corp Handsome Plaza/Teutonia Gardens $260,000
$0
Milw. Community Serv. Corp. Historic Kilbourn State Bank $150,000
$150,000
Northwest Side DCD 27th Street Pick N’ Save $150,000
$0
Riverworks Dev. Corp Riverworks Commerce Center $200,000
$200,000
$760,000
$350,000
; and
Whereas, The total amount available in the LID pool is $473,000 and the LID recommendations total $350,000, the remaining amount of $123,000 shall remain in the LID pool; and
Whereas, The Community and Economic Development Committee recommends approval to allocate LID funding in the amount of $300,000; now therefore, be it
Resolved By the Common Council of the City of Milwaukee, that the awards are approved for the organizations listed above; and, be it
Further Resolved, That the Community Development Grants Administration is responsible for awarding a subrecipient contract for these approved activities; and, be it
Further Resolved, That the subrecipient organizations shall submit budget and activity reports in amounts and according to any conditions approved by the Common Council and in accordance with File Number 74-92-5v, to the Community Development Grants Administration and the City Comptroller for review and approval; and, be it
Further Resolved, That payments for CDBG cost incurred shall be paid in accordance with approved CDBG reimbursement policy based on the approval by the Community Development Grants Administration and the City Comptroller; and, be it
Further Resolved, That except as modified by this resolution, the guidelines for handling the Community Development Block Grant Program set forth in Common Council File Number 74-92-5v are fully applicable to the Community Development Entitlement Funding Program.
.Requestor
Drafter
CDGA-LID-A
02/14/07