City of Milwaukee - File #: 090922

• File #: 090922
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/3/2009
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 12/1/2009
• Title: Substitute resolution relative to the transfer of LID funding from the Riverworks Development Corp. to another Service Provider.
• Sponsors: ALD. DAVIS
• Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT BLOCK GRANT

Date	Ver.	Action By	Action	Result	Tally
12/9/2009	1	MAYOR	SIGNED
12/1/2009	1	COMMON COUNCIL	ADOPTED	Pass	13:0
11/23/2009	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Inviduals appearing: Steven Mahan, Director, Community Development Grants Administration Ellen Tangen, Asst. City Attorney	Pass	5:0
11/18/2009	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/18/2009	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/18/2009	1	CITY CLERK	DRAFT SUBMITTED
11/3/2009	0	COMMON COUNCIL	ASSIGNED TO

Number
090922
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. DAVIS
Title
Substitute resolution relative to the transfer of LID funding from the Riverworks Development Corp. to another Service Provider.
Analysis
The resolution authorizes the transfer of Large Impact Development (LID) funding in the amount of $200,000 from the Riverworks Development Corp. to the Wisconsin African Women, LTD. for the Monsanto Plaza project.
Body
Whereas, The Common Council of the City of Milwaukee has previously approved the award of $200,000 of Large Impact Development funding to the Riverworks Development Corp. for the Riverworks Commerce Center project; and

Whereas, The Riverworks Development Corp. has notified the Community Development Grants Administration (CDGA) stating that the project is not ready to proceed at this time; and

Whereas, The Wisconsin African Women, LTD has notified CDGA that their Monsanto Plaza project is ready to proceed. This organization submitted a request-for-proposal in the previous Large Impact Development funding cycle; and

Whereas, This project is located at 2540-2560 North Martin Luther King Drive. The project plans to complete new construction of a two story 7,000 square foot mixed-use commercial real estate development; and

Whereas, The Community and Economic Development Committee recommends the transfer of the Large Impact Development funding from the Riverworks Development Corp. to the Wisconsin African Women, LTD in the amount of $200,000; now therefore, be it

Resolved, By the Common Council of the City of Milwaukee that the Community Development Grants Administration is authorized the transfer the Large Impact Development funds as stated above; and, be it

Further Resolved, That the Wisconsin African Women, LTD 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 ...