Number
070828
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to the use and allocation of the Large Impact Development (LID) funds.
Analysis
This resolution awards funding to Large Impact Development (LID) projects utilizing the remaining 2006 LID pool funds in the amount of $123,000, and the 2007 Entitlement funds in the amount of $808,790.
Body
Whereas, The Common Council of the City of Milwaukee has previously approved the CDBG award to the Large Impact Development (LID) pool in the amount of $931,790; and
Whereas, The Community Development Grants Administration released Request-for-Proposals for the LID pool funding; and
Whereas, The several organizations submitted Request-for-Proposals (Refer to Attachment A); and
Whereas, The Community and Economic Development Committee recommends approval to allocate LID funding in the amount of $931,790; now therefore, be it
Resolved By the Common Council of the City of Milwaukee, that the awards are approved for the organizations listed in Attachment A ; and, be it
Further Resolved, That the Community Development Grants Administration is responsible for awarding a subrecipient contract for these approved activities; and, be it
Further Resolved, That the subrecipient organizations shall submit budget and activity reports in amounts and according to any conditions approved by the Common Council and in accordance with File Number 74-92-5v, to the Community Development Grants Administration and the City Comptroller for review and approval; and, be it
Further Resolved, That payments for CDBG cost incurred shall be paid in accordance with approved CDBG reimbursement policy based on the approval by the Community Development Grants Administration and the City Comptroller; and, be it
Further Resolved, That except as modified by this resolution, the guidelines for handling the Community Development Block Grant Program set forth in Common Council File Number ...
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