Number
010496
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution to rescind the Large Impact Development (LID) funds and appropriate the funds to other organizations.
Analysis
Body
Whereas, The Common Council of the City of Milwaukee approved, the award of Large Impact Development (LID) funds to the Walker's Point Development Corp. in the amount of $270,000 and Modjeska Theater in the amount of $90,000; and
Whereas, The timeline for the Large Impact Development projects mentioned above have expired, per the LID policy; and
Whereas, The Common Council of the City of Milwaukee also approved, the award of Large Impact Development (LID) funds to the Lisbon Ave. Neighborhood Development in the amount of $150,000 and New Covenant Housing Corporation in the amount of $200,000; and
Whereas, The Community Development Committee on July 31, 2001 has agreed to extend the Lisbon Avenue Neighborhood Development to November 30, 2001 and extend New Covenant Housing Corporation to December 31, 2001; and
Whereas, The Community Development Committee on July 31, 2001 has agreed to rescind the Large Impact Development funds in the amount of $270,000 to Walker's Point Development Corp. and the amount of $90,000 to Modjeska Theater for a total of $360,000. However, the projects will remain open for future funding consideration in the amount indicated below; and
Whereas, The Community Development Committee also on July 31, 2001 approved the appropriation of LID activities for the following organizations:
LaCausa 100,000
Latino Community Center, Inc. 100,000
South Town Points, Inc. 25,000
DPW Playground Renovation (73rd & Carmen) 60,000
Health Department Lead Abatement Prog. 1
Living Recovery, Inc. 1
Wisconsin African American Women, Ltd. ...
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