Number
090060
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to the use and allocation of HOME Investment Partnership reprogramming funds and 2009 HUD entitlement funding.
Analysis
Body
Whereas, The Common Council of the City of Milwaukee on October 29, 2008 approved the anticipated 2009 HUD HOME funding award in the amount of $6,200,000; and
Whereas, The Community Development Grants Administration (CDGA) was notified by HUD that the actual 2009 HOME funding award would be $6,927,431; and
Whereas, The increase for the 2009 HUD HOME funded award is $727,431; and
Whereas, The amount available from reprogramming HOME Investment Partnership is $1,314,727, plus the surplus amount of the 2009 HOME Entitlement funds of $727,431 equals the total amount available for allocation of $2,042,158; and
Whereas, The Community and Economic Development Committee recommends approval to allocate the HOME reprogramming funds and the 2009 HOME surplus in the amount of $2,042,158 to the organizations in Attachment A; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the awards as noted in Attachment A are approved for the organizations stated in the list; 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 HOME cost incurred shall be paid in accordance with approved HOME reimbursement policy based on the approval by the Community Development Grants Administration and the City Comptroller; and, be it
Further Resolved, T...
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