Number
151349
Version
SUBSTITUTE 1
Reference
141277
Sponsor
ALD. PEREZ, HAMILTON
Title
Substitute resolution authorizing distribution of grant funds set aside from the sale of the tax-foreclosed building at 611 West National Avenue, Milwaukee, Wisconsin, in the 12th Aldermanic District.
Analysis
This substitute resolution implements elements of the settlement reached between the City of Milwaukee and the U.S. Department of Commerce, Economic Development Administration, regarding the City’s sale of the tax-foreclosed property at 611 West National Avenue. This file authorizes the distribution of $92,835.35 in grant funds to the Milwaukee Area Workforce Investment Board, allowing MAWIB, in cooperation with Milwaukee Public Schools, to operate an in-school workforce development program. This file also authorizes the distribution of $14,000 in grant funds to restore the “Mural of Peace” at 611 West National Avenue.
Body
Whereas, The City of Milwaukee (“City”), per Common Council File No. 141277, entered into a December 23, 2014 Agreement with the U.S. Department of Commerce, Economic Development Administration (“EDA”), to settle outstanding issues with the EDA regarding a 1994 EDA grant to renovate the property at 611 West National Avenue; and
Whereas, In the 2014 Agreement, the EDA consented to the City’s tax-foreclosure against the tax-delinquent property at 611 West National Avenue and the City’s issuance of a Request for Proposals to find a buyer for the building after City tax foreclosure; and
Whereas, The EDA and the City agreed that if a buyer were selected, at a sale price agreed to by the EDA, the City would convey the property to that buyer, and the proceeds of that sale would be apportioned between the City and the EDA: (i) to reimburse the EDA under Federal Law for a $712,800 grant the EDA made to the City and Esperanza Unida in 1994; (ii) to recover the City’s foreclosed and unpaid taxes, winterization costs and costs associated with the Ci...
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