Number
231450
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. STAMPER
Title
Substitute resolution relating to allocating funds from the 2022 Large Impact Development (LID) Fund.
Analysis
This resolution authorizes the allocation of Large Impact Development Funds to Gibraltar Development of Milwaukee, Corp, for the One Hope Made Strong Skilled Trade Training Program, in the amount of $125,000.
Body
Whereas, the Common Council approved the Large Impact Development Fund on July 28, 2022, CCFN 220276; and
Whereas, The One Hope Made Strong Skilled Trades Training Program aims to train at-risk young adults in career path trades including Electrical, Plumbing, and Heating Ventilation and Air Conditioning (HVAC); and
Whereas, One Hope Made Strong, Inc. has notified the Community Development Grants Administration (CDGA) of their need for a fiscal agent, CDGA is recommending the funds be allocated to Gibraltar Development of Milwaukee, Corp. to serve as fiscal agent; now therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Community Development Grants Administration is authorized to distribute LID funding as stated above; and, be it
Further Resolved, That funded projects 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 CDBG cost incurred shall be paid in accordance with approved CDBG 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. ...
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