City of Milwaukee - File #: 091466

• File #: 091466
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 3/2/2010
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 3/24/2010
• Title: Resolution relating to the transfer of U. S. Department of Housing and Urban Development Neighborhood Stabilization Program funds from the Department of City Development to another Service Provider for the land bank activity.
• Sponsors: THE CHAIR
• Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT BLOCK GRANT, FEDERAL GRANTS, HOUSING

Date	Ver.	Action By	Action	Result	Tally
4/6/2010	0	MAYOR	SIGNED
3/24/2010	0	COMMON COUNCIL	ADOPTED	Pass	14:0
3/11/2010	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual appearing: Steven Mahan, Community Development Grants Administration	Pass	4:0
3/8/2010	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/2/2010	0	COMMON COUNCIL	ASSIGNED TO

Number
091466
Version
ORIGINAL
Reference
090272
Sponsor
THE CHAIR
Title
Resolution relating to the transfer of U. S. Department of Housing and Urban Development Neighborhood Stabilization Program funds from the Department of City Development to another Service Provider for the land bank activity.
Analysis
This resolution would authorize the transfer of the U. S. Department of Housing and Urban Development Neighborhood Stabilization Program funding from the Department of City Development to the Milwaukee Neighborhood Reclamation Company (MNRC), LLC for the land bank activity.
Body
Whereas, The Common Council of the of Milwaukee approved funding to the Department of City Development under file number 090272 from the U. S. Department of Housing and Urban Development Neighborhood Stabilization Program (NSP) for the activity of land bank; and

Whereas, DCD has informed the Community Development Grants Administration of the approval from the Neighborhood Improvement Development Corp. (NIDC) board of the creation of the Milwaukee Neighborhood Reclamation Company (MNRC), LLC. The NIDC board approved the establishment of the MNRC, LLC at their meeting held on June 10, 2009; and

Whereas, It has been determined that with the creation of the MNRC, LLC the funding and activity for the Land Bank activity be transferred to the MNRC, LLC in the amount of $3,000,000; now therefore, be it

Resolved, That the Common Council of the City of Milwaukee hereby approves the transfer of the U. S. Department of Housing and Urban Development Neighborhood Stabilization Program funding in the amount of $3,000,000 for the Land Bank to the Milwaukee Neighborhood Reclamation Company, LLC; and, be it

Further Resolved, That prior to each acquisition of property(ies) using these NSP funds, the MNRC, LLC, shall submit the address(es) of the property(ies) to be acquired to the Common Council member(s) in whose district the property(ies) is (are) located, and the Common Council member(s...