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File #: 971457    Version:
Type: Resolution Status: Passed
File created: 12/16/1997 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 3/3/1998
Effective date:    
Title: Substitute resolution approving the administrative and program budgets for the 1998 Greenline Program and modifying the contract for the administration of the American Family Settlement funds to permit the disbursement of loan repayments and interest earnings to the Class Committee.
Sponsors: ALD. PRATT
Indexes: AGREEMENTS, HOUSING, LITIGATION, SUITS PAYMENT
NUMB:
971457
VERS:
SUBSTITUTE 2
REF:
960824
XXBY:
ALD. PRATT
TITL:
Substitute resolution approving the administrative and program budgets for the 1998 Greenline Program and modifying the contract for the administration of the American Family Settlement funds to permit the disbursement of loan repayments and interest earnings to the Class Committee.
ANLS:
- Analysis -

This substitute resolution authorizes the Department of City Development to continue operating the Greenline Program using proceeds from the settlement of the lawsuit brought by the NAACP against the American Family Mutual Insurance Company. The purpose of this Program is to provide financial assistance to existing and prospective homeowners in the affected target area prescribed in the American Family litigation. This resolution also amends the original agreement to permit the disbursement of loan repayments and interest earnings to the Class Committee.
BODY:
Whereas, Common Council File No. 950697, adopted November 28, 1995, authorized the Department of City Development ("DCD") to enter into a contract with the Class Committee from the American Family litigation concerning the City of Milwaukee's administration and management of various community-based relief programs (a.k.a. the Greenline Program) that involve making loans and grants using American Family Settlement funds to promote homeownership, maintenance and improvement in a specific area of the City of Milwaukee which was the subject of the American Family litigation alleging discriminatory redlining practices with respect to the offering of insurance services; and

Whereas, Common Council File No. 960824, adopted September 24, 1996, authorized the Commissioner of DCD to agree to certain changes, including future changes, in the Greenline Program if the changes are also agreed to by the Class Committee and the U.S. Department of Justice and left all other provisions and directives of Common Council File No. 95069...

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