City of Milwaukee - File #: 991470

• File #: 991470
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 12/17/1999
• In control: ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 1/18/2000
• Title: Substitute resolution approving a 2000 expenditure plan for the Economic Development Committee Fund.
• Sponsors: ALD. NARDELLI
• Indexes: BUDGET, ECONOMIC DEVELOPMENT COMMITTEE

Date	Ver.	Action By	Action	Result	Tally
1/27/2000	1	MAYOR	SIGNED
1/18/2000	1	COMMON COUNCIL	ADOPTED	Pass	16:0
1/10/2000	1	ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Amend "Budget" by adding $32,628 carryover to "Business Development & Special Recruitment Initiiative". Total "57,628.	Pass	5:0
12/29/1999	1	CITY CLERK	DRAFT SUBMITTED
12/23/1999	1	CITY CLERK	DRAFT SUBMITTED
12/21/1999	0	ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
12/21/1999	0	ECONOMIC DEVELOPMENT COMMITTEE	REFERRED TO
12/17/1999	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
991470
VERS:
SUBSTITUTE 1
REF:
981680
XXBY:
ALD. NARDELLI
TITL:
Substitute resolution approving a 2000 expenditure plan for the Economic Development Committee Fund.
ANLS:
- Analysis -

This substitute resolution approves a 2000 expenditure plan for the Economic Development Committee Fund.
BODY:
Whereas, The adopted 2000 City Budget provides $25,000 in the Economic Development Committee Fund (Account No. 0001-1310-S123-006300), an account to be used for the purposes of promoting the City of Milwaukee's economic development programs, retaining industry and employers in the City, and attracting new industry to the community; and

Whereas, There is a carryover of $32,628 from the 1999 Economic Development Fund balance, bringing the total amount available to the Economic Development Committee in 2000 to $57,628; and

Whereas, Under the present budget, it is necessary for the Common Council to adopt a spending plan for utilization of the Economic Development Committee Fund; and

Whereas, By Common Council File Number 981680, adopted March 23, 1999, the Economic Development Committee is charged with the development of a proposed annual budget for the Economic Development Committee Fund; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the proposed 2000 budget for the Economic Development Committee Fund, a copy of which is attached to this file, is approved as the 2000 expenditure plan for the Fund; and, be it

Further Resolved, That the Economic Development Committee is authorized to approve the use of these funds for the purposes specified within such expenditure plan, and may increase or decrease the expenditures within any of the major general categories by up to 20% without the necessity of receiving further Common Council approval, provided that combined expenditures in all categories total not more than the total budgeted amount; and, be it

Further Resolved, That any granting or lend...