Number
220029
Version
ORIGINAL
Reference
201439
Sponsor
THE CHAIR
Title:
Resolution relating to the acceptance, funding and expenditure of a Harbor Assistance Program grant between Port Milwaukee and the Wisconsin Department of Transportation.
Analysis
This resolution approves a Harbor Assistance Program grant agreement between Port Milwaukee and the Wisconsin Department of Transportation. The grant will help to repair and reconstruct a section of dockwall along the Jones Island Inner Mooring Basin with a total project budget and funding amount of $1,468,750. The resolution also authorizes Port Milwaukee to accept, fund and expend the grant funds and to execute the necessary documents.
Body
Whereas, Port Milwaukee strengthens the overall economic and social environment of the City of Milwaukee and the Great Lakes region by increasing international trade, business development, and job creation; and
Whereas, Port Milwaukee generates $100 million in local economic activity and regional business revenue annually through its ongoing commercial, cruise ship and multimodal activity in Milwaukee; and
Whereas, Port Milwaukee is responsible for the maintenance, repair and replacement of its capital assets and transportation infrastructure; and
Whereas, In 2021, Port Milwaukee established a new Capital Asset Renewal Plan (CARP), which institutes a long-term maintenance and replacement schedule for Port facilities and infrastructure; and
Whereas, The CARP found that the current placement value of all Port-operated and owned capital assets is over $190 million, and the total 50-year renewal costs for Port capital assets is over $202 million, or approximately $4 million annually; and
Whereas, Port Milwaukee owns and maintains approximately 5 miles of dockwall, which connects Port domestic and international terminals to two Class 1 railroads, Union Pacific (UP) and Canadian Pacific (CP), and provides multiple berths for “Seawaymax” vessel delivery service to a...
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