Number
091408
Version
SUBSTITUTE 1
Reference
040876
Sponsor
ALD. HINES
Title
Substitute resolution authorizing the transfer and expenditure of $130,000 from the Neighborhood Commercial District Street Improvement Fund for the Fond du Lac and North State Transportation Enhancement Project.
Analysis
This substitute resolution directs the appropriate City officials to transfer $130,000 from the Neighborhood Commercial District Street Improvement Fund account to a new subaccount. This street enhancement project will include Phase II commercial district amenities such as extensive landscaping, commercial district signage and specialty paving at designated intersections.
Body
Whereas, The 2009 City of Milwaukee's (“City”) Capital Budget contains $130,000 in the Neighborhood Commercial District Street Improvement Fund; and
Whereas, The City has an ongoing commitment to the revitalization of commercial districts in central city neighborhoods; and
Whereas, On November 3, 2004, the Common Council of the City of Milwaukee created Business Improvement District No. 32 (“BID No. 32”) for the Fond du Lac and North Avenue commercial district via File No. 040876 and approved its first year Operating Plan; and
Whereas, BID No. 32 has worked collectively with area business owners to market and promote the commercial district; and
Whereas, The proposed public way improvements will include extensive landscaping, commercial district signage, specialty paving and other commercial district enhancements that will greatly improve the Fond du Lac and North Avenue commercial district; and
Whereas, The State of Wisconsin Department of Transportation has indentified project funds, which exceed the amount of City funds for this project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is directed to transfer the sum of $130,000 from the Neighborhood Commercial District Street Improvement Fund Account No. 9990-ST0408000A ...
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