Number
010118
Version
SUBSTITUTE 1
Reference
Sponsor
The Chair
Title
Substitute resolution relative to the application, acceptance and funding of a Freight Infrastructure Improvement Grant.
Analysis
This resolution authorizes the Port of Milwaukee to apply, accept, and fund a Freight Infrastructure Improvement Program grant from the Wisconsin Department of Transportation, Bureau of Railroad & Harbors in the amount of $150,000 in connection with the rehabilitation of Port of Milwaukee Mooring Basin Track.
Body
Whereas, The City of Milwaukee appears to be eligible for grant funds from the Wisconsin Department of Transportation, Bureau of Railroad & Harbors; and
Whereas, It is the mission of the Port of Milwaukee to enhance the overall economic environment of the region by stimulating trade, business, and employment; and
Whereas, The Port of Milwaukee owns and maintains fifteen miles of railroad track connecting each Port terminal to two Class 1 railroads which provide delivery service to and from the Port; and
Whereas, The mooring basin portion of the Port of Milwaukee maintained railroad track consists of rail that is of a size which is lower than the industry standard, and is inadequate to withstand, over the long term, current weight load demands; and
Whereas, Upgrade of the mooring basin track and rail crossings is estimated to cost $300,000 of which $150,000 (50%) will be provided by the Wisconsin Department of Transportation and $150,000 (50%) will be provided by the City 2001 capital budget, for Fund 0481, capital account PT180000200; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Port of Milwaukee is authorized to apply for and accept the grant without further approval unless terms of the grant change as indicated in Common Council file 940843; and, be it
Further Resolved, That the City Comptroller is authorized and directed to transfer $150,000 from Fund 0481, account PT...
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