Number
101294
Version
ORIGINAL
Reference
071449, 081545, 091271
Sponsor
ALD. MURPHY
Title
Resolution authorizing expenditures and outlining the conditions for expenditures and funding availability from the 2011 Healthy Neighborhoods Initiative capital account.
Analysis
This resolution authorizes the Neighborhood Improvement Development Corporation to make expenditures from the 2011 Healthy Neighborhoods Initiative capital account, outlines conditions for expenditures from the account, authorizes funding availability to eligible organizations throughout the City of Milwaukee and directs NIDC to provide a report to the Common Council regarding the achievements of the Initiative by January 31, 2012.
Body
Whereas, The 2011 City Budget includes $200,000 in general obligation borrowing and capital budget expenditures for the Healthy Neighborhoods Initiative (“Initiative”); and
Whereas, The Initiative is intended to engage property owners and neighborhood residents in the promotion, marketing and improvement of their neighborhoods; and
Whereas, The Greater Milwaukee Foundation has made a commitment to provide financial support to the Initiative; and
Whereas, The Neighborhood Improvement Development Corporation (“NIDC”) administers the Initiative on behalf of the City of Milwaukee (“City”); now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that Initiative funding shall be available to eligible organizations throughout the City of Milwaukee; and, be it
Further Resolved, That expenditures from the Initiative account shall be subject to the following conditions:
1. Every funded project shall be matched on a dollar-for-dollar basis by financial commitments from non-City-government entities.
2. No expenditure shall be made until receipt of documentation of involvement of a community organization.
3. Funds from the Initiative account shall be used for neighborhood improvements, including residential grants and/or loans; and; be ...
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