Number
080445
Version
SUBSTITUTE 1
Reference
020831, 021273, 030477, 031435
Sponsor
ALD. HAMILTON
Title
Substitute resolution authorizing the transfer and expenditure of $75,500 from the Neighborhood Commercial District Street Improvement Fund for the Atkinson/Capitol/Teutonia Commercial District Street Enhancement Project.
Analysis
This substitute resolution approves the transfer and expenditure of $75,500 for the Atkinson/Capitol/Teutonia Commercial District Street Enhancement Project. The street enhancement improvements will include Phase II commercial district amenities such as extensive landscaping, commercial district signage, specialty paving and other commercial district identification enhancements.
Body
Whereas, The 2007 Capital Budget for the City contains $75,500 in the Neighborhood Commercial District Street Improvement Fund; and
Whereas, The City of Milwaukee (“City”) has an ongoing commitment to the revitalization of neighborhood commercial districts; and
Whereas, On November 6, 2002, the Common Council of the City of Milwaukee created Business Improvement District No. 29 (“BID No. 29”) for the Atkinson/Capitol/Teutonia Commercial District via File No. 020831 and approved its first Operating Plan; and
Whereas, BID No. 29 has worked collaboratively with area business owners to market and promote the commercial district; and
Whereas, The proposed public way improvements will include extensive landscaping, commercial district signage, specialty paving and other commercial district identification enhancements that will greatly enhance the Atkinson/Capitol/Teutonia Commercial District; and
Whereas, The State of Wisconsin Department of Transportation (“WISDOT”) has identified project funds, which exceed the amount of City funds for this project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the proper City officials are directed to transfer $75,500 from the Neighborhood Commercial District Street Improvement Fund Account No. ST04084500 to the appropriate borrowing and expenditure accounts; and, be it
Further Resolved, That the City Comptroller, in conjunction with the Commissioner of the Department of City Development, is directed to establish any and all subaccounts and follow the City guidelines necessary to maintain the fiscal control to carry out the intent and purpose of this resolution; and, be it
Further Resolved, That all City officials, departments, boards and commissions are directed to assist and cooperate with said project.
Drafter
DCD:RFM:rfm
07/15/08