Number
101198
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. WADE AND WITKOWSKI
Title
Substitute resolution relative to application, acceptance and funding of a Community Development Block Grant Supplemental Disaster Allocation Emergency Assistance Program for Business Mitigation grant from the U.S. Department of Housing and Urban Development through the Wisconsin Department of Commerce for projects in the 1st, 7th and 13th Aldermanic Districts.
Analysis
This resolution authorizes the Community Development Grants Administration to apply for, accept and fund a Community Development Block Grant Supplemental Disaster Allocation Emergency Assistance Program for Business Mitigation grant from the U.S. Department of Housing and Urban Development through the Wisconsin Department of Commerce in the amount of $3,800,000 with a City share of $1,550,000 and a grantor share of $2,250,000. The purpose of this project is to provide flood mitigation funds to businesses which experienced flooding on June 7 and 8, 2008.
Body
Whereas, The City of Milwaukee appears to be eligible for grant funds from the U.S. Department of Housing and Urban Development through the Wisconsin Department of Commerce for a Community Development Block Grant Supplemental Disaster Allocation Emergency Assistance Program for Business Mitigation grant project; and
Whereas, This grant project provides flood mitigation funds to businesses which experienced flooding on June 7 and 8, 2008; and
Whereas, The grant application was submitted on January 7, 2011 to the Wisconsin Department of Commerce as part of the “Community Development Block Grant Supplement Disaster Allocation Emergency Assistance Program for Business Mitigation”; and
Whereas, The operation of this grant from 2/1/2011 to 12/31/2012 would cost $3,800,000 of which, $1,550,000 (40%) would be provided by the City and $2,250,000 (60%) would be provided by the grantor; and
Whereas, These grant funds will be used for the following proje...
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