City of Milwaukee - File #: 191833

• File #: 191833
• Version: 0
• Type: Ordinance
• Status: Passed
• File created: 3/3/2020
• In control: COMMON COUNCIL
• Final action: 4/14/2020
• Effective date: 5/2/2020
• Title: An ordinance relating to the housing infrastructure preservation fund.
• Sponsors: ALD. BAUMAN
• Indexes: CAPITAL IMPROVEMENTS, HOUSING

Date	Ver.	Action By	Action	Result	Tally
5/1/2020	0	CITY CLERK	PUBLISHED
4/23/2020	0	MAYOR	SIGNED
4/14/2020	0	COMMON COUNCIL	PASSED	Pass	15:0
4/9/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	RECOMMENDED FOR PASSAGE; Minutes note: Appearing remotely: Yves LaPierre, Dept. of City Development	Pass	5:0
4/3/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
4/3/2020	0	ZONING, NEIGHBORHOODS & DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
3/3/2020	0	COMMON COUNCIL	ASSIGNED TO

Number
191833

Version
ORIGINAL

Reference
090459, 100438, 130736, 130995, 140397, 161611, 190206

Sponsor
ALD. BAUMAN

Title
An ordinance relating to the housing infrastructure preservation fund.

Section
304-31.5 rc

Analysis
This ordinance revises and updates the code provisions relating to the housing infrastructure preservation fund to allow the city to make grants to buyers of surplus, city-owned improved properties to subsidize restoration while continuing to allow the city to restore properties using this fund.

Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 304-31.5 of the code is repealed and recreated to read:

304-31.5. Housing Infrastructure Preservation Fund. 1. FUND CREATED; PURPOSE. There is created a capital improvements fund to be known as the housing infrastructure preservation fund. Monies in this fund shall be used only to fund restoration conducted in accordance with this section, in furtherance of the objective of this section.

2. OBJECTIVE; PROPERTY QUALIFICATION. The city seeks to preserve properties that are classified as neighborhood property under s. 304-49-1-d-1 and that are improved residential lots containing 4 or fewer housing units each, as well as properties that are classified as development property under s. 304-49-1-b and that are improved with mixed-use, commercial and residential structures, and that, regardless of residential use or mixed use, are worthy of restoration or rehabilitation because of such factors as neighborhood context, architectural characteristics or quality, or historic status of the structures or their neighborhoods.

3. FUNDING SOURCES. The housing infrastructure preservation fund may be funded by:

a. Tax levy.

b. General obligation borrowing.

c. Amounts appropriated by law and transferred to the fund by the comptroller.

d. Other appropriations of the common council made from time to time.

4. EXPENDITURES. The annual a...