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File #: 101198    Version:
Type: Resolution Status: Passed
File created: 1/19/2011 In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
On agenda: Final action: 2/8/2011
Effective date:    
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.
Sponsors: ALD. WADE, ALD. WITKOWSKI
Indexes: COMMUNITY BLOCK GRANT ADMINISTRATION, COMMUNITY DEVELOPMENT BLOCK GRANT, FEDERAL GRANTS, STATE GRANTS
Attachments: 1. Grant Application.pdf, 2. Fiscal Analysis, 3. Hearing Notice List
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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