Number
171410
Version
ORIGINAL
Reference
Sponsor
ALD. STAMPER
Title
Resolution relating to the change of funded name from Impact Seven, Inc. to Impact Milwaukee, LLC.
Analysis
Body
Whereas, The Impact Seven, Inc. received 2014 HOME funding for the activity of Housing Production; and
Whereas, Impact Seven, Inc. has notified the Community Development Grants Administration (CDGA) in the attached letter of the need for a name change to Impact Milwaukee, LLC. to undertake Community Housing Development Organization (CHDO) activity; now therefore, be it
Resolved, That the Common Council of the City of Milwaukee hereby approves the name change to Impact Milwaukee, LLC.; and, be it
Further Resolved, That Impact Milwaukee, LLC. shall submit budget and activity reports in amounts and according to any conditions approved by the Common Council and in accordance with File Number 74-92-5v, to the Community Development Grants Administration and the City Comptroller for review and approval; and, be it
Further Resolved, That payments for CDBG costs incurred shall be paid in accordance with approved CDBG reimbursement policy based on the approval by the Community Development Grants Administration and the City Comptroller; and, be it
Further Resolved, That except as modified by this resolution, the guidelines for handling the Community Development Block Grant Program set forth in Common Council File Number 74-92-5v are fully applicable to the Community Development Entitlement Funding Program.
Requestor
Drafter
Steve Mahan/Mario Higgins
CDGA-Impact-18
12/18/17
TECHNICAL CORRECTION -- James R. Owczarski -- January 17, 2018