ALD. MURPHY, RAINEY AND STAMPER
Substitute resolution authorizing the acceptance and expenditure of up to $2 million in grant funding from the Wisconsin Department of Financial Institutions for the demolition, deconstruction and rehabilitation of blighted properties and authorizing the proper City officials to enter into a Memorandum of Understanding relating to this grant-funded blight elimination and neighborhood improvement initiative.
This substitute resolution authorizes the acceptance and expenditure of up to a $2 million grant from the Wisconsin Department of Financial Institutions for housing demolition, deconstruction and rehabilitation. Also, it approves a Memorandum of Understanding between the Wisconsin Department of Financial Institutions and the City relating to the expenditure of the grant, and it authorizes the Commissioners of Neighborhood Services and City Development to accept and expend the grant funds in accordance with the terms and conditions of the Memorandum of Understanding and this resolution.
Whereas, The Wisconsin Department of Justice, through its Department of Financial Institutions (“WDFI”), anticipates receiving a monetary settlement from Volkswagen in connection with the company’s manipulation of emission control readings; and
Whereas, WDFI has indicated that it intends to enter into a Memorandum of Understanding (“MOU”) with the City of Milwaukee (“City”), a copy of which is attached to this Common Council File, to provide $2 million of the proposed settlement to assist the City to address blight in Milwaukee neighborhoods through housing demolition, deconstruction and rehabilitation; and
Whereas, The State funding will be made available to the City in accordance with the terms and conditions of the MOU between WDFI and the City; and
Whereas, Under the proposed MOU, the City will be eligible for reimbursement at the rate of up to $10,000 for each property that is rehabilitated, demolished or deconstructed during the period extending from the date of adoption of this resolution through June 1, 2018; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the MOU between WDFI and the City is approved; and, be it
Further Resolved, That at least $1 million of the grant shall be provided to the Department of City Development (“DCD”) to subsidize the costs of renovating City-owned foreclosed properties sold to developers, with the remainder made available to the Department of Neighborhood Services (“DNS”) to subsidize the costs of demolishing and deconstructing properties with raze orders; and, be it
Further Resolved, That renovation funds shall be awarded to for-profit and non-profit developers through a Request for Proposal process conducted by DCD, with funds to be used to pay wages for individuals who are enrolled in a construction trades training program, certified by the Residents Preference Program, or alumni of the Compete Milwaukee transitional jobs program; and, be it
Further Resolved, That the majority of renovation expenditures from this grant shall impact properties in the expanded Sherman Park area, generally bounded by North 60th Street, North 20th Street, West Capitol Drive and West Lloyd Street; and, be it
Further Resolved, That the proper City officials are directed to execute this MOU; and, be it
Further Resolved, That, upon execution of the MOU, the City Comptroller is authorized to:
1. Commit funds within the project/grant parent of the 2016 Special Revenue Grant and Aid Project Fund, the following funds for the MOU:
Project: Grantor Share
2. Create the necessary Grant and Aid Project/Grant and Project/Grant levels, and budget against these Project/Grant values the amount required under the MOU.
3. Establish the necessary City Share Project Values; and, be it
Further Resolved, That the Commissioners of DCD and DNS are directed to accept and expend these grant funds in accordance with the terms of the MOU and this resolution.