City of Milwaukee - File #: 021222

• File #: 021222
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/26/2002
• In control: ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 12/20/2002
• Title: Substitute resolution approving a 2003 expenditure plan for the Economic Development Committee Fund.
• Sponsors: ALD. HINES JR.
• Indexes: BUDGET, ECONOMIC DEVELOPMENT COMMITTEE

Date	Ver.	Action By	Action	Result	Tally
12/23/2002	1	MAYOR	SIGNED
12/20/2002	1	COMMON COUNCIL	ADOPTED	Pass	16:0
12/16/2002	1	ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
12/11/2002	1	CITY CLERK	DRAFT SUBMITTED
12/10/2002	0	ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/26/2002	0	COMMON COUNCIL	ASSIGNED TO

Number
021222
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. HINES
Title
Substitute resolution approving a 2003 expenditure plan for the Economic Development Committee Fund.
Analysis
This resolution approves a 2003 expenditure plan for the Economic Development Committee Fund.
Body
Whereas, The adopted 2003 City Budget provides for $50,000 in the Economic Development Committee Fund (Account No. 0001-1310-S123-006300), an account to be used for Common Council initiatives related to economic development, and for travel related to economic development by members of the Common Council; and

Whereas, Under the present budget, it is necessary for the Common Council to adopt a spending plan for utilization of the Economic Development Committee Fund; and

Whereas, By Common Council File 981680, adopted March 23, 1999, the Economic Development Committee is charged with the development of a proposed annual budget for the Economic Development Committee Fund; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the proposed 2003 budget for the Economic Development Committee Fund, a copy of which is attached to this file, is approved as the 2003 expenditure plan for the Fund; and, be it

Further Resolved, That the Economic Development Committee is authorized to approve the use of these funds for the purposes specified within such expenditure plan, and may increase or decrease the expenditures within any of the major general categories by up to 20% without the necessity of receiving further Common Council approval, provided that combined expenditures in all categories total not more than the total budgeted amount; and, be it

Further Resolved, That the Department of City Development is authorized and directed to procure such items as are authorized by this spending plan so as to maximize the impact of the Economic Development Committee Fund, where appropriate, through the active solicitation of civic contributions...