City of Milwaukee - File #: 981673

• File #: 981673
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 3/2/1999
• In control: ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 3/23/1999
• Title: Substitute resolution relative to application, acceptance and funding of an Economic Development Initiative Grant.
• Sponsors: ALD. HENNINGSEN
• Indexes: AGREEMENTS, BUSINESS IMPROVEMENT DISTRICT 02, ECONOMIC DEVELOPMENT, RIVERWALKS

Date	Ver.	Action By	Action	Result	Tally
3/24/1999	1	MAYOR	SIGNED
3/23/1999	1	COMMON COUNCIL	ADOPTED	Pass	17:0
3/23/1999	0	COMMON COUNCIL	SUBSTITUTED; Minutes note: ALD. HENNINGSEN presented a substitute resolution to be substituted in lieu of the resolution recommended for adoption by the Economic Development Committee and moved for its acceptance. The motion prevailed. ALD. HENNINGSEN moved for adoption of the foregoing resolution, as substituted. The motion prevailed.	Pass	16:0
3/15/1999	0	ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	3:0
3/5/1999	0	ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/5/1999	0	ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/2/1999	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
981673
VERS:
SUBSTITUTE 1
REF:

XXBY:
ALD. HENNINGSEN
TITL:
Substitute resolution relative to application, acceptance and funding of an Economic Development Initiative Grant.
ANLS:
- Analysis -

This substitute resolution authorizes the City of Milwaukee to apply for, accept, and fund an Economic Development Initiative-Special Projects grant pursuant to the VA-HUD-Independent Agencies Appropriations Act of 1999 through the Department of Housing and Urban Development in the amount of $1,500,000. This substitute resolution also authorizes, as the alternative, the City to support a grant application by the Board of BID No. 2 should BID No. 2 so desire. These funds will be used for dockwall and other riverwalk enhancements for the Historic Third Ward Riverwalk Project. This substitute resolution also authorizes the preparation of an agreement between the City and the Board of BID No. 2 to implement the grant. The agreement would require approval of the Common Council.
BODY:
Whereas, The City of Milwaukee ("City") and/or the Board of Business Improvement District No. 2 ("BID No. 2"), appears to be eligible for grant funds from the U.S. Department of Housing and Urban Development ("HUD") for an Economic Development Initiative Grant; and

Whereas, The operation of this grant project from HUD to the City or BID No. 2 will cost $1,500,000 with 100 percent to be provided by the grantor; and

Whereas, Common Council File No. 870501, adopted October 6, 1987, created BID No. 2 and approved its initial Operating Plan; and

Whereas, Common Council File No. 970388, adopted September 23, 1997, created Tax Incremental District No. 34 ("TID No. 34"), Historic Third Ward Riverwalk, and adopted a Project Plan for said tax incremental district; and

Whereas, The City and the BID No. 2 Board entered into a Riverwalk Development Agreement for BID No. 2 (the "Development Agreement") dated as of June 23, 1998, as well as two subsequent amendments; a...