Number
130781
Version
SUBSTITUTE 1
Reference
130517
Sponsor
ALD. MURPHY
Title
Substitute resolution relating to implementation of various provisions of the 2014 Adopted Budget.
Analysis
This resolution effectuates the intent of an amendment and footnote to the 2014 Adopted Budget directing that any change of 10% or $100,000, whichever is less, in funding of any purpose under the Strong Neighborhood Investment Plan, shall require Common Council approval before the expenditure is authorized to be made.
Body
Whereas, The 2014 Adopted Budget allocates at least $10,081,500 in operating and capital funding for the first year of the Strong Neighborhood Investment Plan (“SNIP”), which is a 3-year initiative to mitigate the negative effects of the foreclosure crisis with an emphasis on City-owned, tax-foreclosed properties; and
Whereas, The Common Council has expressed its intent to exercise an appropriate level of oversight regarding the SNIP, while avoiding unnecessary delays or uncertainty in implementation; and
Whereas, By amendment and footnote to the 2014 Proposed Budget, the Common Council directed that any significant changes in the use of funding under the SNIP, defined as a funding change of 10% or $100,000, whichever is less, shall require Common Council approval before the expenditure is authorized to be made; and
Whereas, Adoption of appropriate legislation is necessary to effectuate the intent of the amendment and footnote; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Department of Administration is directed to submit to the Common Council a plan relating to the expenditure by purpose of budgeted funds under the Strong Neighborhood Investment Plan; and, be it
Further Resolved, That any change of 10% or $100,000, whichever is less, to any purpose under the Strong Neighborhood Investment Plan expenditure plan shall require Common Council approval before the expenditure is authorized to be made; and, ...
Click here for full text