Number
231197
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution relative to application, acceptance, and funding of a Wisconsin Economic Development Corporation Site Assessment Grant for demolition and eligible environmental activities at the future location of a new mixed-use development on the southeast corner of 5th and Mineral Streets in the City of Milwaukee.
Analysis
Body
Whereas, the Redevelopment Authority of the City of Milwaukee is eligible for grant funds from the Wisconsin Economic Development Corporation (WEDC) for eligible environmental activities, including demolition, of various brownfield sites in the city; and
Whereas, the Redevelopment Authority recognizes that the assessment, remediation and redevelopment of brownfields is an important part of encouraging economic development in Milwaukee and protecting Wisconsin’s resources; and
Whereas, the Redevelopment Authority has declared its intent to complete the Site Assessment Grant activities described in the application if awarded funds; and
Whereas, the Redevelopment Authority will maintain records documenting all expenditures made during the Site Assessment Grant period and will allow employees from the WEDC to inspect records and the grant site; and
Whereas, the Redevelopment Authority will adhere to all reporting requirements established by WEDC for the grant program; and
Whereas, the Redevelopment Authority of the City of Milwaukee has determined that operation of this Grant program would cost up $150,000 for environmental site work and demolition related activities at the future location of a new mixed use development consisting of apartments and commercial space on the southeast corner of 5th and Mineral Streets in the City of Milwaukee, with a minimum match of 20% of the costs, which will come from eligible costs provided by the property owner, VIA Apartments, LLC; and
Whereas, the benefits to the Redevelopment Authority from this Grant program exceed ...
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