City of Milwaukee - File #: 081295

• File #: 081295
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/16/2009
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 2/10/2009
• Title: Substitute resolution relating to the transfer of extended HOME funds to the Wisconsin Preservation Fund, Inc.
• Sponsors: THE CHAIR
• Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, FEDERAL GRANTS

Date	Ver.	Action By	Action	Result	Tally
2/17/2009	1	MAYOR	SIGNED
2/10/2009	1	COMMON COUNCIL	ADOPTED	Pass	13:2
2/2/2009	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Steve Mahan, Director, Community Development Grants Admin. Ald. Bauman, 4th Aldermanic Dist. Leo Ries, Local Initiatives Support Corp. (LISC) Robert O. Lemke, President, Wisconsin Redevelopment Inc. Todd Hutchison, Vice President, Wisconsin Redevelopment LLC Craig Kammholz, Comptroller's Office	Pass	4:0
1/30/2009	1	CITY CLERK	DRAFT SUBMITTED
1/28/2009	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
1/16/2009	0	COMMON COUNCIL	ASSIGNED TO

Number
081295
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to the transfer of extended HOME funds to the Wisconsin Preservation Fund, Inc.
Analysis
Body
Whereas, The West Pointe LLC has redeveloped commercial and rental apartments located at 2632 W. Wells Street into a mixed commercial/condominiums project; and

Whereas, The LISC has indicated to the Community Development Grants Administration (CDGA) that the Wisconsin Preservation Fund, Inc. will purchase the West Pointe properties (see attached documents); and

Whereas, The extended HOME funds that were previously awarded to West End Development Corp. neighborhood improvement project, will be used to award funding to the Wisconsin Preservation Fund, Inc. in the amount of $350,000; now therefore, be it

Resolved, By the Common Council of the City of Milwaukee, here by approves the award of extended HOME funds to the Wisconsin Preservation Fund, Inc. in the amount of $350,000 for the purchase of the West Pointe properties; and, be it

Further Resolved, That CDGA is responsible for awarding a subrecipient contract for this activity; and, be it

Further Resolved, That the Wisconsin Preservation Fund, Inc. shall submit budget 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 Community Development Entitlement Funding Program. ...