Number
251925
Version
ORIGINAL
Reference
220276
Sponsor
ALD. STAMPER, PRATT
Title
Resolution relating to allocating funds from the Large Impact Development Fund.
Analysis
This resolution allocates funding from the Large Impact Development fund to the Department of City Development Commercial Revitalization Grants Program for the purpose of a pilot grocery and pharmacy access program.
Body
Whereas, Common Council File Number 220276 established the Large Impact Development (LID) Fund on July 28, 2022; and
Whereas, The total amount available in the LID Fund is $1,005,000; and
Whereas, The pace of grocery store closures in the city of Milwaukee has accelerated in recent months; and
Whereas, Grocery store closures restrict access to fresh food options for many residents; and
Whereas, Grocers have described the cost of replacing aging equipment and repairing outdated infrastructure as detrimental to store operations; and
Whereas, The City of Milwaukee is committed to expanding fresh food options for its residents; and
Whereas, The Community and Economic Development Committee recommends approval to allocate LID funding in the amount of $1,005,000 to the Department of City Development for above stated purpose; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the award is approved; and, be it
Further Resolved, That the Community Development Grants Administration is responsible for awarding a subrecipient contract for these approved activities; and, be it
Further Revolved, That the City of Milwaukee assures and certifies that it will comply with the regulations, policies guidelines and requirements with respect to the acceptance and use of Federal Community Development Entitlement funds; and, be it
Further Resolved, That funded projects 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 Communit...
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