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File #: 170326    Version:
Type: Resolution Status: Passed
File created: 5/31/2017 In control: ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE
On agenda: Final action: 6/20/2017
Effective date:    
Title: Substitute resolution relative to acceptance and expenditure of a Wisconsin Economic Development Corporation Community Development Investment Grant for the Historic Garfield Campus/The Griot, in the 6th Aldermanic District.
Sponsors: ALD. COGGS
Indexes: GRANTS, WISCONSIN ECONOMIC DEVELOPMENT CORPORATION
Attachments: 1. Grant Analysis Form, 2. Grant Budget Form, 3. Grant Agreement, 4. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
6/28/20171 MAYOR SIGNED   Action details Meeting details Not available
6/20/20171 COMMON COUNCIL ADOPTEDPass13:0 Action details Meeting details Video Video
6/13/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass4:0 Action details Meeting details Not available
6/13/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECONSIDEREDPass5:0 Action details Meeting details Video Video
6/13/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE SUBSTITUTED

Minutes note: Individuals appearing: Rhonda Manuel, Department of City Development Josh Jeffers, J. Jeffers & Company Ald. Coggs moved substitution of the file with Proposed Substitute A. (Prevailed 5-0)
Pass5:0 Action details Meeting details Not available
6/13/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTIONPass5:0 Action details Meeting details Not available
6/8/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20170 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/31/20170 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
170326
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. COGGS
Title
Substitute resolution relative to acceptance and expenditure of a Wisconsin Economic Development Corporation Community Development Investment Grant for the Historic Garfield Campus/The Griot, in the 6th Aldermanic District.
Analysis
This substitute resolution authorizes the Department of City Development to accept and expend a Community Development Investment Grant from the Wisconsin Economic Development Corporation in the amount of $250,000, with an In-Kind Local Non-City Share (Various Entities) of $507,607, an In-Kind Share (Tax Incremental Financing) of $433,039, with total project costs of $1,190,646. The purpose of the project is to assist in the redevelopment of the Historic Garfield Campus/The Griot in the Bronzeville Cultural and Entertainment District in the City of Milwaukee.
Body
Whereas, The City of Milwaukee (“City”) is eligible for grant funds from the Wisconsin Economic Development Corporation (“WEDC”), per a Grant Agreement between WEDC and the City, a copy of which is attached to this Common Council File, to assist in the redevelopment of the Historic Garfield Campus (“The Griot”) in the Bronzeville Cultural and Entertainment District in the City; and

Whereas, The implementation of this Community Development Investment Grant from March 31, 2017 to December 31, 2019 will involve the expenditure of $1,190,646 of which, $507,607 (43 percent) will be provided by an In-Kind Local Non-City Share (Various Entities), $433,039 (36 percent) will be provided by an In-Kind Share (Tax Incremental Financing) and $250,000 (21 percent) will be provided by the Grantor; and

Whereas, The City recognizes that the redevelopment of The Griot is critical to the prosperity of the Bronzeville Cultural and Entertainment District; and

Whereas, The benefits to the City from this grant project appear to exceed the City's obligations to be incurred under this project; now, therefore, be it

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