Number
010823
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. JOHNSON-ODOM
Title
Substitute resolution relative to application, acceptance, and funding of a State of Wisconsin Coastal Management Program Grant in Beer Line "B" Tax Incremental District No. 22 in the 3rd and 6th Aldermanic Districts.
Analysis
This substitute resolution authorizes the City of Milwaukee, Department of City Development, to apply for and to accept and fund a State of Wisconsin Coastal Management Program Grant. Funding will be provided to the Department of City Development to fund a Kilbourn Park and Landing Project. The purpose of the Project is to regrade, landscape and construct the Kilbourn Park improvements included in the Beer Line "B" Tax Incremental District No. 22 Project Plan. The amount of the Project is $4,147,866 with a Grantor Share of $1,952,840 and a City Share of $2,195,026. The City Share will come from In-Kind City services.
Body
Whereas, The City of Milwaukee ("City") appears to be eligible for grant funds from the State of Wisconsin Coastal Management Program for the Kilbourn Park and Landing Project; and
Whereas, It appears that City involvement in this grant and aid program will result in a major benefit to the City to further the redevelopment efforts in the Beer Line "B" Tax Incremental District No. 22; and
Whereas, The Department of Administration, Intergovernmental Relations Division, has determined that operation of this Grant program from March 1, 2002 to June 30, 2003 will cost approximately $4,147,866, of which $1,952,840 or 47 percent will be provided by the Grantor; and
Whereas, The City Share of this Grant program, $2,195,026 or 53 percent, will come from In-Kind City services:
In-Kind City Share: $2,195,026
Out-of-Pocket City Share: $-0-
Local, Non-City Share: $-0-
; and
Whereas, The Department of Administration, Intergovernmental Relations Division, has determined that the benefits to the City from this Grant program appear to exceed the City's share of costs and other obligations to be incurred under this program; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that application for and acceptance of said Grant from the State of Wisconsin Coastal Management Program, under the terms specified above, to be administered by the Department of City Development, is authorized; and, be it
Further Resolved, That the proper City officials and/or the Commissioner of the Department of City Development are authorized to accept such Grant funds without further Common Council approval unless any of the following occur:
1. The purpose of such Grant program is significantly changed.
2. The amount of the Out-of-Pocket City Share increases from the amount specified above.
3. The ratio of Out-of-Pocket City Share to Grantor's Share increases from that specified above; and, be it
Further Resolved, That the City Comptroller is authorized to:
1. Commit funds within the Project/Grant Parent of the 2002 Special Revenue - Grant and Aid Projects Fund, the following amounts for the program titled State of Wisconsin Coastal Management Program Grant:
Project/Grant: GR0000000000
Fund: 0150
Org: 9990
Program: 0001
By: 0000
Subclass: R999
Account: 000600
Project: Grantor Share
Amount: $1,952,840
2. Create the necessary Project and Project Level Values and budget to these project values, the amounts required under the Grant Agreement.
3. Establish the necessary City Share Project Values; and, be it
Further Resolved, That these funds are budgeted for the Department of City Development which is authorized to:
1. Expend from the amount budgeted for specified purposes as indicated in the Grant budget and incur costs consistent with the award date; and, be it
Further Resolved, That the funds received from the State of Wisconsin Coastal Management Program Grant be deposited in accordance with procedures established by the City Comptroller; and, be it
Further Resolved, That the Commissioner of the Department of City Development shall have the authority to authorize transfers within the program budget so the amount expended for any purpose shall not exceed the amount authorized by the budget by 10 percent and such transfers are in accordance with Grantor regulations; and, be it
Further Resolved, That the Commissioner of the Department of City Development, on behalf of the City, is authorized to enter into contracts and subcontracts as detailed in the program budget and in accordance with City Grant and Aid Guidelines for awarding such contracts.
Drafter
DCD:MJW:rdh
10/29/01