Number
071449
Version
Substitute 1
Reference
Sponsor
ALD. MURPHY
Title
Substitute resolution relating to expenditures from the Healthy Neighborhoods Initiative capital account.
Analysis
This resolution authorizes the Neighborhood Improvement Development Corporation (NIDC) to administer the Healthy Neighborhoods Initiative and directs NIDC to provide a report to the Common Council on implementation of the Initiative no later than September 30, 2008. The resolution also establishes the following conditions for expenditures from the Healthy Neighborhoods Initiative capital account:
1. Every expenditure shall be matched on a dollar-for-dollar basis by financial commitments from non-City-government entities.
2. No expenditure shall be made until NIDC receives documentation of involvement of a community organization or neighborhood association in any project selected for City funding through the Healthy Neighborhood Initiative.
3. City funds from the Healthy Neighborhood Initiative capital account shall be used to fund residential improvement loans or grants and neighborhood improvements.
Body
Whereas, The 2008 City Budget includes $200,000 in general obligation borrowing and capital budget expenditures for a Healthy Neighborhoods Initiative; and
Whereas, The Healthy Neighborhoods Initiative is intended to leverage the involvement of property owners and neighborhood residents in the promotion and improvement of their neighborhoods; and
Whereas, The Greater Milwaukee Foundation has already made a commitment to provide financial support to the Healthy Neighborhoods Initiative; and
Whereas, The Neighborhood Improvement Development Corporation possesses the experience and administrative capacity necessary for successful implementation of the Initiative; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Neighborhood Improvement Development Corporation (NIDC) is authorized to administer the Healthy Neighborhoods Init...
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