Number
020331
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the contract rescission and contract extension of various organizations.
Analysis
Body
Whereas, The Common Council of the City of Milwaukee approved a 2002 funding award to the Fair Lending Coalition in the amount of $50,000; and
Whereas, The Fair Lending Coalition now appears to be out of business and not performing any CDBG funded activities; and
Whereas, The Common Council of the City of Milwaukee approved, the award of Large Impact Development (LID) funds to the Christ the King Development Corporation and approved an extension through June 20, 2002; and
Whereas, The Christ the King Development Corporation has requested an extension through December 20, 2002; now therefore, be it
Resolved, That the Community Development Committee has agreed to allocate $145,904 to Christ the King Development Corporation for soft costs and reserve the balance of $145,904 for 90 days (September 17, 2002). The Community Development Committee will review the progress prior to releasing the remaining funds; and, be it
Further Resolved, That the Community Development Committee has also agreed to rescind the award of $50,000 to the Fair Lending Coalition.
Requestor
Drafter
2002 Ext&Res-1
06/20/02