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File #: 070829    Version:
Type: Resolution Status: Passed
File created: 9/25/2007 In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
On agenda: Final action: 10/23/2007
Effective date:    
Title: Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee’s 2008 consolidated community development entitlement funding for Program Administration from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
Sponsors: THE CHAIR
Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT BLOCK GRANT, HOUSING
Attachments: 1. Community Block Grant Cover Letter, 2. Fiscal Note, 3. Fiscal Note - substitute, 4. 2008 CDGA Funding Recommendations - Program Administration, 5. (Revised 10/16/07) 2008 CDGA Funding Recommendations - Program Administration, 6. (Revised 10/23/07) 2008 CDGA Funding Recommendations - Program Administration
Number
070829
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee’s 2008 consolidated community development entitlement funding for Program Administration from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
Analysis
This resolution authorizes the Community Development Grants Administration to submit its Annual Action Plan to the U. S. Department of Housing and Urban Development (HUD) for the City of Milwaukee’s 2008 Community Development entitlement estimated at $24,861,722. In addition, this resolution designates the Mayor as the authorized representative for the consolidated community development entitlement, approves the certifications required by the Department of Housing and Urban Development and authorizes the Community Development Grants Administration to execute and implement the projects to be designated in the Annual Action Plan.
Body
Whereas, The City of Milwaukee appears to be eligible for a Community Development entitlement funding for 2008 estimated at $24,861,722 which includes CDBG funding at $17,700,000, HOME funding at $6,400,000 and ESG funding at $761,722; and

Whereas, Common Council File Number (CCFN) 040913 authorized the submission of a revised Consolidated Strategy and Plan and Annual Action Plan for 2008 consolidated community development entitlement funding; and

Whereas, CCFN 070532 adopted on July 31, 2007 authorized the 2008 Funding Allocation Plan; and

Whereas, CCFN 75-1610-2f authorized the continued allocation of program income from the Milwaukee Economic Development Corporation for economic development activity utilizing a revolving fund; and

Whereas, It has been determined, that operation of this grant program for one year would generate an estimated $555,000 for CDBG and $760,000 for HOME in revenue (program income) from authorized revolving fund...

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