NUMB:
981486
VERS:
SUBSTITUTE 1
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution authorizing acceptance of grant funds from the State of Wisconsin's Department of Administration, Division of Energy and Intergovernmental Relations for the purpose of providing loans to improve the energy efficiency of homes participating in the Targeted Investment Neighborhood Program.
ANLS:
- Analysis -
This substitute resolution approves receipt of a grant from the State of Wisconsin to make energy efficient improvements to homes in selected neighborhoods. The funds will be administered by NIDC working in cooperation with the UWM School of Architecture and Urban Planning and OIC.
BODY:
Whereas, On June 23, 1998, the Wisconsin State Legislative's Joint Committee on Finance approved the 1998 Oil Overcharge Plan recommended by Governor Thompson; and
Whereas, The City of Milwaukee ("City") has an ongoing neighborhood revitalization program to strengthen property values and increase owner-occupancy, i.e., the Targeted Investment Neighborhood ("TIN") Program; and
Whereas, Common Council File No. 971303, adopted January 9, 1998, authorized the execution of a Management Agreement between the City and the Neighborhood Improvement Development Corporation ("NIDC") to further the preservation and revitalization of Milwaukee neighborhoods, including the management of the TIN Program; and
Whereas, NIDC is collaborating with the University of Wisconsin-Milwaukee School of Architecture and Urban Planning ("SARUP") to develop new construction designs that meet higher energy efficient standards; and
Whereas, As part of the 1998 Oil Overcharge Plan, the State of Wisconsin's Joint Finance Committee approved a grant of $175,000 to the City for the purpose of providing low interest energy efficiency improvements; and
Whereas, The City's ongoing neighborhood revitalization program has the goal of creating more affordable housing, which includes decreasing ener...
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