City of Milwaukee - File #: 150460

• File #: 150460
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/1/2015
• In control: COMMON COUNCIL
• Final action: 11/2/2015
• Title: Resolution authorizing the transfer and expenditure of funds from the 2012 Facade Program to a subaccount to support the Citywide Facade Grant, Retail Investment Fund and Citywide White Box Programs.
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
11/11/2015	0	MAYOR	SIGNED
11/2/2015	0	COMMON COUNCIL	ADOPTED	Pass	15:0
10/26/2015	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: David Schroeder and Ken Little - Dept. of City Development	Pass	4:0
10/5/2015	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Ken Little and David Schroeder - Dept. of City Development Martha Brown - Dept. of City Development	Pass	5:0
9/14/2015	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Department not present.	Pass	5:0
9/1/2015	0	COMMON COUNCIL	ASSIGNED TO

Number
150460
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
Resolution authorizing the transfer and expenditure of funds from the 2012 Facade Program to a subaccount to support the Citywide Facade Grant, Retail Investment Fund and Citywide White Box Programs.
Analysis
This resolution transfers $750,000 from the Capital Improvements Facade Program into Subaccount No. 1910-UR050120100 titled, “Facade-Retail-White Box/Business Investment” (Parent Account No. 9990-UR05012000A). This subaccount allocation will provide funding to support the Citywide Facade Grant, Retail Investment Fund and Citywide White Box Programs.
Body
Whereas, The Department of City Development (“DCD”) has operated the Citywide Facade Grant and Retail Investment Fund Programs (“Programs”) for a number of years; and

Whereas, The Citywide White Box Program will provide business incentives to commercial property owners to attract commercial and retail tenants to vacant commercial space; and

Whereas, These Programs will continue to provide significant incentives for visible reinvestment in downtown and neighborhood commercial corridors by providing commercial and retail services, while increasing local employment opportunities; and

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

Whereas, The City of Milwaukee will leverage significant private investment and enhance downtown and neighborhood commercial corridors by providing business development incentives for interior and exterior improvements; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is directed to transfer the amount of $750,000 from the Capital Improvements Facade Program Account No. 9990-UR05012000A to be allocated to the Facade-Retail-White Box/Business Investment Subaccount No. 1910-UR050120100 to be used by DCD to support the Citywide Facade Grant, Retail Invest...