Number
100183
Version
ORIGINAL
Reference
Sponsor
ALD. WADE
Title
Resolution relative to application, acceptance and funding of an Urban Development Economic Development Initiative-Special Projects Grant.
Analysis
This resolution authorizes the City of Milwaukee, Department of City Development, to apply for, accept and fund an Urban Development Economic Development Initiative-Special Projects Grant from the U.S. Department of Housing and Urban Development in the amount of $332,500, with a City Share of $0 and a Grantor Share of $332,500. The purpose of this grant project is to conduct blight elimination and site preparation in the 30th Street Industrial Corridor.
Body
Whereas, The City of Milwaukee (“City”) appears to be eligible for grant funds from the U.S. Department of Housing and Urban Development (“HUD”), Urban Development Economic Development Initiative-Special Projects Grant (“EDI-SP”), for blight elimination and site preparation for the reuse of land and buildings in the 30th Street Industrial Corridor, including the 1st, 4th, 7th and 15th Aldermanic Districts; and
Whereas, Through this grant program, HUD funds activities such as property acquisition and rehabilitation of publicly owned property; housing rehabilitation; economic development activities; acquisition, construction, reconstruction or installation of public facilities; and public works and other site improvements; and
Whereas, Properties in the 30th Street Industrial Corridor require significant site preparation, including demolition, environmental investigation and clean-up to attract new public and private development; and
Whereas, Operation of this grant project from May 25, 2009 to May 24, 2012 will cost $332,500 of which, $0 (0%) will be provided by the City and $332,500 (100%) will be provided by the Grantor; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that application to the U.S. Department of Housing and Urban Development is authorized and the Department of City Development shall accept this grant without further approval unless the terms of the grant change as indicated in Section 304.81, Milwaukee Code of Ordinance; and, be it
Further Resolved, That the City Comptroller is directed to:
1. Commit funds within the project/grant parent of the 2010 Special Revenue Grant and Aid Projects Fund, the following amount for the project titled Urban Development Economic Development Initiative-Special Projects Grant:
Project Grant: GR0001000000
Fund: 0150
Org: 9990
Program: 0001
By: 0000
Sub/Class: R999
Acct: 000600
Project: Grantor Share
Amount: $332,500
2. Create the necessary grant and aid project/grant and project/grant levels, budget against these project grant values, the amount required under the grant agreement.
3. Establish the necessary City Share project values; and, be it
Further Resolved, That these funds are appropriated to the Department of City Development, which is authorized to:
1. Expend from the amount appropriated, sums for specified purposes as indicated in the Grant Budget and incur costs consistent with the award date.
Drafter
DCD:KLB:klb
05/25/10/A