Number
010354
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to the appropriation of Community Development Block Grant reprogramming funds to the M7 Community Development Corporation.
Analysis
This resolution authorizes the award and use of the reprogramming Community Development Block Grant funds to the M7 Community Development Corporation.
Body
Whereas, The Community Development Committee on July 10, 2001 approved the funding of the M7 Community Development Corporation activities using the Community Development Block Grant reprogramming funds; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that these funds are budgeted for the Community Block Grant Administration which is authorized:
1). Expend from the amount appropriated sums for specified purposes as indicated in the grant budget and incur costs consistent with the award date.
2). Enter into subrecipient contracts as detailed in the grant budget; and, be it
Further Resolved, That the Community Block Grant Administration is responsible for awarding subrecipient contracts for each of the approved activities for reprogramming as follows:
Organization Name CDBG Funds
M7 Community Development Corporation $250,000
; and, be it
Further Resolved, That release of funds is subject to a City Attorney's opinion regarding Compliance with the deed and lease restrictions, and conveying the interest in the land; and, be it
Further Resolved, That the release of funds will be governed by the Large Impact Development (LID) policy; and, be it
Further Resolved, That these projects are required to submit budget and activity reports in amounts and according to any conditions approved by the Common Council and the Mayor, and in conformance with File Number 74-92-5v to the Community Block Grant Administration and the City Comptroller for their review and approval; and, be it
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