powered help
header-left header-center header-right
File #: 040896    Version:
Type: Resolution Status: Passed
File created: 10/11/2004 In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
On agenda: Final action: 11/3/2004
Effective date:    
Title: Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee's 2005 consolidated community development entitlement funding for Program Administration from the U. S. Department of Housing and Urban Development through the Community Block Grant Administration (CBGA).
Sponsors: THE CHAIR
Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT, COMMUNITY DEVELOPMENT BLOCK GRANT
Attachments: 1. Fiscal Note.pdf, 2. Memo from Ald. Davis, Sr..pdf, 3. 2005 Funding Recommendations.pdf, 4. 2005 Funding Recommendations with Council Action.PDF
Number
040896
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee's 2005 consolidated community development entitlement funding for Program Administration from the U. S. Department of Housing and Urban Development through the Community Block Grant Administration (CBGA).
Analysis
This resolution authorizes the Community Block Grant Administration to submit its Annual Action Plan to the U. S. Department of Housing and Urban Development (HUD) for the City of Milwaukee's 2005 Community Development entitlement estimated at $27,766,449. In addition, this resolution designates the Mayor as the authorized representative for the consolidated community development entitlement, approves the certifications required by the Department of Housing and Urban Development and authorized the Community Block Grant Administration to execute and implement the projects to be designated in the Annual Action Plan.
Body
Whereas, The City of Milwaukee appears to be eligible for Community Development entitlement funding for 2005 estimated at $27,766,449 which includes Community Development Block Grant funding at $20,000,000, HOME funding at $7,000,000 and ESG funding at $766,449; and

Whereas, The Consolidated Plan to be submitted to and approved by the Housing and Urban Development authorizes the 2005 consolidated community development entitlement funding and CCFN 040341 adopted on July 27, 2004 authorizes the 2005 funding procedures; and

Whereas, CCFN 75-1610-2f authorized the continued allocation of program income from the Milwaukee Economic Development Corporation for economic development activity utilizing a revolving fund; and

Whereas, It has been determined that operation of this grant program for one year would generate an estimated $1,130,000 for CDBG and $550,000 for HOME in revenue (program income) from authorized revolving fund projects as well as a...

Click here for full text