City of Milwaukee - File #: 200661

• File #: 200661
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 9/22/2020
• In control: COMMON COUNCIL
• Final action: 10/13/2020
• Title: Resolution authorizing acceptance of funding of the Financial Navigators Grant from the Cities for Financial Empowerment Fund, Inc.
• Sponsors: THE CHAIR
• Indexes: COMMUNITY DEVELOPMENT GRANTS ADMINISTRATION, GRANTS

Date	Ver.	Action By	Action	Result	Tally
10/22/2020	0	MAYOR	SIGNED
10/13/2020	0	COMMON COUNCIL	ADOPTED	Pass	15:0
9/30/2020	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Steve Mahan - Community Block Grants Administration Melissa McGaughey - grant writer for the city Darryl Johnson - RiverWorks Executive Director	Pass	5:0
9/22/2020	0	COMMON COUNCIL	ASSIGNED TO

Number
200661
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing acceptance of funding of the Financial Navigators Grant from the Cities for Financial Empowerment Fund, Inc.
Analysis
This resolution authorizes the Department of Administration’s Community Development Grants Administration (CDGA) to accept, and fund the Financial Navigators Grant from the Cities for Financial Empowerment Fund, Inc.
Body
Whereas, the Cities for Financial Empowerment Fund, Inc. (CFE Fund) is a national nonprofit based in New York which aims to improve financial stability by embedding financial empowerment in local government, having received funding for the Financial Navigators initiative from Bloomberg Philanthropies, the Citi Foundation, JP Morgan Chase & Co., and the Wells Fargo Foundation, and serving as both funder and technical assistance provider for the Financial Navigators program, the CFE Fund has selected the City of Milwaukee’s application for a funded award; and

Whereas, The City of Milwaukee appears to be eligible for grant funds from the Cities for Financial Empowerment Fund, Inc. for the Financial Navigators Grant; and

Whereas, Riverworks Development Corp., is the designated project partner on this grant and the agency responsible for project implementation; designated to receive the $80,000 grant award to perform the Financial Navigator activity; and

Whereas, The operations of this grant project from 8/1/20 through 7/31/21 would cost $80,000 which will be provided as the grantor share; now therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the Community Development Grants Administration (CDGA) is hereby authorized to accept and allocate funding awards to Riverworks Development Corp; and, be it

Further Resolved, That the City of Milwaukee assures and certifies that it will comply with the policies guidelines and requirements with respect to the acceptance and use of the Financial Navigators Grant fr...