NUMB:
991685
VERS:
ORIGINAL
REF:
900839
XXBY:
ALD. GORDON
TITL:
Resolution authorizing expenditures from the Development Fund Account for capital improvements in the vicinity of St. Joseph's Hospital. (DCD)
ANLS:
- Analysis -
This resolution authorizes and directs the appropriate City officials to transfer $130,000 from the Development Fund Account to a new subaccount. The funds will be used to share the cost of public way improvements in the vicinity of St. Joseph's Hospital.
BODY:
Whereas, The 2000 City budget provides for the Development Fund; and
Whereas, The City of Milwaukee ("City") has an ongoing commitment to the revitalization of neighborhood commercial areas; and
Whereas, St. Joseph's Hospital ("St. Joe's") opened in Milwaukee in 1884; and
Whereas, St. Joe's has operated at its current location since 1930; and
Whereas, St. Joe's has invested more than $16 million in recent years in new development, including a new medical clinic and a civic park open to the neighborhood; and
Whereas, St. Joe's has consistently supported local initiatives, community-based organizations, and diverse religious groups in their endeavors; and
Whereas, These public way improvements will greatly enhance the many St. Joe's neighborhood investments; and
Whereas, Private funds will equal or exceed the amount of City funds for this project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the City Comptroller is authorized and directed to transfer the sum of $130,000 from the Development Fund Account No. 0339-9990-UR03390000 to Account No. 0339-1910-UR03390000 following the City Attorney's determination as to the taxability or nontaxability of the specific borrowing required under this resolution; and, be it
Further Resolved, That the City Comptroller, in conjunction with the Commissioner of the Department of City Development, is authorized and directed to establish any and all subaccounts in...
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