Number
030487
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to the use and allocation of the Large Impact Development (LID) funds.
Analysis
Body
Whereas, The amount of Community Development Block Grant funds available for allocation to Large Impact Development (LID) projects is $253,730; and
Whereas, The Community Development Committee recommends approval to allocate LID funding to the following organizations:
Burleigh Street CDC $100,000
North Avenue CDC $153,730
; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the LID awards are approved for the organizations stated above; and, be it
Further Resolved That the Community Block Grant Administration is responsible for awarding a subrecipient contract for these approved activities; and, be it
Further Resolved, That the subrecipient organizations 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 Community Block Grant Administration and the City Comptroller for review and approval; and, be it
Further Resolved, That payments for CDBG costs incurred shall be paid in accordance with approved CDBG reimbursement policy based on the approval by the Community Block Grant Administration and the City Comptroller of a Budget Forecast (CDA-51); and, be it
Further Resolved, That except as modified by this resolution, the guidelines for handling the Community Development Block Grant Program set forth in Common Council File Number 74-92-5V are fully applicable to the 2003 Community Development Entitlement Funding Program.
Requestor
Drafter
2003-CBGA-LID-A
07/23/03