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File #: 091271    Version: 0
Type: Resolution Status: Passed
File created: 1/20/2010 In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
On agenda: Final action: 2/9/2010
Effective date:    
Title: Resolution authorizing expenditures and amending the conditions for expenditures and funding availability from the Healthy Neighborhoods Initiative capital account.
Sponsors: ALD. MURPHY
Indexes: BUDGET, COMMUNITY DEVELOPMENT, NEIGHBORHOOD DEVELOPMENT
Attachments: 1. Legislative Fiscal Analysis, 2. Fiscal Note, 3. Hearing Notice List
Number
091271
Version
ORIGINAL
Reference
071449
Sponsor
ALD. MURPHY
Title
Resolution authorizing expenditures and amending the conditions for expenditures and funding availability from the Healthy Neighborhoods Initiative capital account.
Analysis
This resolution authorizes the Neighborhood Improvement Development Corporation to make expenditures from the Healthy Neighborhoods Initiative capital account, amends conditions for expenditures from the account, authorizes funding availability to eligible organizations throughout the City of Milwaukee and directs NIDC to provide a report to the Common Council regarding the achievements of the Initiative by November 30, 2010.
Body
Whereas, The 2010 City Budget includes $200,000 in general obligation borrowing and capital budget expenditures for the Healthy Neighborhoods Initiative (“Initiative”); and

Whereas, The Initiative is intended to engage property owners and neighborhood residents in the promotion, marketing and improvement of their neighborhoods; and

Whereas, The Greater Milwaukee Foundation has made a commitment to provide financial support to the Initiative; and

Whereas, The Neighborhood Improvement Development Corporation (“NIDC”) administers the Initiative on behalf of the City of Milwaukee (“City”); now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that Initiative funding shall be available to eligible organizations throughout the City; and, be it

Further Resolved, That expenditures from the Initiative account shall be subject to the following conditions:

1. Every funded project shall be matched on a dollar-for-dollar basis by financial commitments from non-City-government entities.

2. No expenditures shall be made until receipt of documentation of involvement of an eligible community organization.

3. Funds from the Initiative account shall be used for neighborhood improvements, including residential grants and/or loans; and, be it

Further Resolved, That the...

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