City of Milwaukee - File #: 110036

• File #: 110036
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 5/3/2011
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 5/24/2011
• Title: Substitute resolution authorizing additional funding for the Central Business District Focus Retail Program.
• Sponsors: ALD. BAUMAN
• Indexes: CENTRAL BUSINESS DISTRICT

Date	Ver.	Action By	Action	Result	Tally
6/1/2011	1	MAYOR	SIGNED
5/24/2011	1	COMMON COUNCIL	ADOPTED	Pass	12:1
5/16/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals present: Rhond Manuel - DCD Urban Development Rebecca Byrne - BID 21 Retail Recruiter Beth Nicols - BID 21 Director	Pass	5:0
5/10/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/10/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
5/3/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
110036
Version
SUBSTITUTE 1
Reference
100051
Sponsor
ALD. BAUMAN
Title
Substitute resolution authorizing additional funding for the Central Business District Focus Retail Program.
Analysis
This substitute resolution authorizes additional funding for the Central Business District Focus Retail Program. 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 can 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 business 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 has committed $25,000 for the Central Business District Focus Retail Program (“CBDFRP”); and

Whereas, The CBDFRP is designed to provide white-box grants 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 Guidelines; and

Whereas, The City of Milwaukee can leverage significant amounts of private investment and improvements to the commercial properties located in the targeted area in the Central Business District if the CBDFRP conti...