Number
010548
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution to extend the Large Impact Development (LID) funds.
Analysis
Body
Whereas The Common Council of the City of Milwaukee approved the award of Large Impact Development (LID) funds to Ezekiel Community Development Corp. and the United Community Center in the amounts of $100,000 and $160,000 respectively; and
Whereas, The timeline for the Large Impact Development projects mentioned above have expired, per the LID policy; and
Whereas The Community Development Committee on September 17, 2001 has agreed to extend the Ezekiel Community Development Corp. to December 31, 2002, and extend the United Community Center to October 31, 2001; now therefore, be it
Resolved, That the release of funds will be governed by the LID policy; and, be it
Further Resolved, That the Community Block Grant Administration is responsible for awarding subrecipient contracts for each approved extended activity; and, be it
Further Resolved, That the project must submit budget and activity reports according to any conditions approved by the Common Council and the Mayor 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
Further Resolved, That payments for CDBG cost incurred shall be paid in accordance with approved CDBG reimbursement policy based on the approval by the Community Block Grant Administration and City Comptroller of a Budget Forecast (CDA-51).
Requestor
Drafter
LID-9-17-A
09/05/01