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File #: 170332    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 creating the Art and Resource Community Hub Loan Program and authorizing expenditure of funds to implement the program.
Sponsors: ALD. COGGS, ALD. STAMPER, ALD. RAINEY, ALD. BOHL, ALD. KOVAC, ALD. HAMILTON
Indexes: ART AND CULTURE, HOUSING
Attachments: 1. Fiscal Impact Statement, 2. Program Description and Terms as of 6-6-17, 3. 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 ADOPTED

Minutes note: Ald. Hamilton added as a cosponsor.
Pass13:0 Action details Meeting details Video Video
6/13/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass4:0 Action details Meeting details Video Video
6/13/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECONSIDEREDPass5:0 Action details Meeting details Not available
6/13/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Individuals appearing: Rhonda Manuel, Department of City Development Vedale Hill, Jazale's Art Studio Amy Turim, Department of City Development Gregg Hagopian, City Attorney Office Carl Quindel, Strong Block Ald. Rainey, Bohl, and Kovac added as cosponsors.
Pass5:0 Action details Meeting details Not available
6/8/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20171 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
6/8/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20171 ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/8/20171 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
170332
Version
SUBSTITUTE 1
Reference

Sponsor
ALD. COGGS, STAMPER, RAINEY, BOHL, KOVAC AND HAMILTON
Title
Substitute resolution creating the Art and Resource Community Hub Loan Program and authorizing expenditure of funds to implement the program.
Analysis
This substitute resolution creates a pilot Art and Resource Community Hub Loan Program designed to support the renovation and re-use of tax-foreclosed properties as artistic studios, live/work space and/or community resource centers.
Body
Whereas, The City of Milwaukee (“City”) owns approximately 1,200 tax-foreclosed residential and commercial properties; and

Whereas, Many strategies are required to sell these properties to responsible owners who will contribute to the stability and vitality of their neighborhoods; and

Whereas, The presence of artists has proven to be a successful ingredient in the revitalization of distressed neighborhoods in many cities; and

Whereas, The creation of community resource centers improves the quality of life by putting neighbors in touch with needed services; and

Whereas, The 2016 City Budget (the “Budget”) allocated $100,000 through an amendment to create a pilot loan program to encourage artists or organizations that operate community resource centers to purchase City-owned foreclosed properties; and

Whereas, The amendment specified that loans made for this purpose would be a maximum of $25,000, that borrowers would need to match these loans with a fifty percent match and that the Common Council would approve creation of the program; and

Whereas, The Department of City Development (“DCD”), which manages the sale of tax-foreclosed property and several housing rehabilitation loan programs, is uniquely qualified to manage such a loan program; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the creation of the pilot loan program is approved; and, be it

Further Resolved, That DCD is authorized to implement the Art and R...

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