City of Milwaukee - File #: 100051

• File #: 100051
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 5/4/2010
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 5/25/2010
• Title: Substitute resolution authorizing the creation and funding of the Central Business District Focus Retail Program and approving program eligibility requirements.
• Sponsors: ALD. BAUMAN
• Indexes: CENTRAL BUSINESS DISTRICT, ZONING

Date	Ver.	Action By	Action	Result	Tally
6/3/2010	2	MAYOR	SIGNED
5/25/2010	2	COMMON COUNCIL	ADOPTED	Pass	12:0
5/18/2010	2	CITY CLERK	DRAFT SUBMITTED
5/17/2010	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	AMENDED; Minutes note: Individuals appearing: Deanna Ennis, Milwaukee Downtown BID 21 Joseph Weirick, Springstreet Realty Rhonda Manuel, Department of City Development Beth Nichols, Milwaukee Downtown BID 21 Ald. Robert Bauman, 4th Aldermanic District Ald. Davis proposes that a communication file may be generated in the future to allow an evaluation of the program to be presented to the committee. Ms. Manuel says that the allocation is one-time only and another file will be coming before the committee next year. Ald. Davis moves to amend the resolution to indicate that the allocation is for one time only.	Pass	5:0
5/17/2010	2	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
5/13/2010	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/13/2010	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/4/2010	0	COMMON COUNCIL	ASSIGNED TO

Number
100051
Version
SUBSTITUTE 2
Reference

Sponsor
ALD. BAUMAN
Title
Substitute resolution authorizing the creation and funding of the Central Business District Focus Retail Program and approving program eligibility requirements.
Analysis
This substitute resolution authorizes the creation and one-time allocation of funds for the Central Business District Focus Retail Program and approves program eligibility requirements. Specifically, the City Comptroller is directed to transfer $75,000 from the Development Fund Parent Account to the Central Business District Focus Retail Program Project Account. By doing so, the City may assist property owners and businesses in the targeted Central Business District, leveraging substantial private investment and improvements to the exterior and interior of commercial buildings.
Body
Whereas, The Department of City Development has operated a number of business incentive programs for a number of years; and

Whereas, The City-wide Facade Grant Program and Retail Investment Fund have provided businesses with development incentives for visible reinvestment in downtown and neighborhood commercial areas; and

Whereas, The Common Council of the City of Milwaukee (“Common Council”) created Business Improvement District No. 21 (“BID No. 21”) via File No. 970900 on October 14, 1997, as authorized by Section 66.1109, Wisconsin Statutes, to provide a financing method to allow the Milwaukee Downtown business district to be self-sustaining; and

Whereas, BID No. 21 (Milwaukee Downtown) has committed $25,000 for the Central Business District Focus Retail Program (“CBDFRP” or “Program”); and

Whereas, The CBDFRP is designed to provide two business incentives, which are white-box grants and retailer forgivable loans to commercial property owners; and

Whereas, It is recognized that the CBDFRP requires a set of program guidelines that will adhere to the Facade Grant Program Eligibility Requirements and to the established Design Guide...