Number
081165
Version
ORIGINAL
Reference
Sponsor
ALD. DAVIS
Title
Resolution relating to the transfer of 2008 HOME funds within various programmatic activities for the Department of City Development.
Analysis
Body
Whereas, The Common Council of the City of Milwaukee has previously approved the award of $1,264,000 of HOME funding for the Department of City Development (DCD) Owner-Occupied Program, and the amount of $314,000 to the DCD- Rental Rehabilitation Program for the 2008 funding year; and
Whereas, DCD has informed the Community Development Grants Administration of a shortfall in the DCD Owner-Occupied Program and would like to transfer the amount of $160,000 from the HOME Rental Rehabilitation Program to the HOME Owner-Occupied Program; and
Whereas, The Community and Economic Development Committee recommends the transfer of the HOME funds in the amount of $160,000 from the DCD Rental Rehabilitation Program to the DCD Owner-Occupied Program; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Community Development Grants Administration is authorized to transfer the HOME funds as noted above to the 2008 DCD HOME Programs; and, be it
Further Resolved, That the Department of City Development shall submit budgets 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 HOME cost incurred shall be paid in accordance with approved HOME 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 74-92-5v are fully applicable to the 2008 Communit...
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