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File #: 051679    Version: 0
Type: Resolution Status: Passed
File created: 4/11/2006 In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
On agenda: Final action: 5/9/2006
Effective date:    
Title: Resolution authorizing additional funding for the City of Milwaukee’s Citywide Facade Grant Program.
Sponsors: ALD. DAVIS
Indexes: BUSINESS DEVELOPMENT, CAPITAL IMPROVEMENTS, DEVELOPMENT FUND, ECONOMIC DEVELOPMENT, NEIGHBORHOOD DEVELOPMENT
Attachments: 1. Fiscal Note.pdf, 2. Fiscal Review

Number

051679

Version

ORIGINAL

Reference

971697

Sponsor

ALD. DAVIS

Title

Resolution authorizing additional funding for the City of Milwaukee’s Citywide Facade Grant Program.

Analysis

This resolution authorizes the Department of City Development to continue to operate the Citywide Facade Grant Program. Specifically, the City Comptroller is authorized to transfer $400,000 from the Development Fund Project Account to the Citywide Facade Grant Project Account. By doing so, the City may assist property owners and businesses, leveraging substantial private investment and improvements to facades.

Body

Whereas, The Department of City Development has operated a Facade Grant Program for more than 20 years; and

 

Whereas, This Program has provided a significant incentive for visible reinvestment in downtown and neighborhood commercial areas; and

 

Whereas, Program Eligibility Requirements and Design Guidelines were established by the Common Council under File No. 971697 on March 3, 1998, for facade grant activity; and

 

Whereas, More attractive storefronts make Milwaukee a more pedestrian friendly and attractive place for businesses, residents and visitors; and

 

Whereas, The City may leverage significant amounts of private investment and improvements to the facades of commercial properties if citywide grants are available to assist property owners or businesses to upgrade their storefronts and principle facades; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is authorized and directed to transfer $400,000 from the Development Fund Project Account No. UR03390000 to the Citywide Facade Grant Project Account No. UR03392002; and, be it

 

Further Resolved, That these funds are designated for citywide downtown and neighborhood facade grant activity under the guidelines established by the Common Council; and, be it

 

Further Resolved, That the Commissioner of the Department of City Development is authorized and directed to enter into contracts and agreements necessary to carryout said Program.

Drafter

DCD:RFM:rfm

04/11/06/A