Number
110811
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the submittal, acceptance and funding of the City of Milwaukee’s 2012 consolidated community development entitlement funding for Program Administration from the U. S. Department of Housing and Urban Development through the Community Development Grants Administration (CDGA).
Analysis
This resolution authorizes the Community Development Grants Administration to submit its Annual Action Plan to the U. S. Department of Housing and Urban Development (HUD) for the City of Milwaukee’s 2012 Community Development entitlement estimated at $19,990,157. In addition, this resolution designates the Mayor as the authorized representative for the consolidated community development entitlement, approves the certifications required by the Department of Housing and Urban Development and authorizes the Community Development Grants Administration to execute and implement the projects to be designated in the Annual Action Plan.
Body
Whereas, The City of Milwaukee appears to be eligible for a Community Development entitlement funding for 2012 estimated at $19,990,157 which includes CDBG funding at $13,250,000, HOME funding at $6,000,000 and ESG funding at $740,157; and
Whereas, Common Council File Number (CCFN) 090292 authorized the submission of the Consolidated Strategy and Plan and Annual Action Plan for 2012 consolidated community development entitlement funding; and
Whereas, CCFN 110571 adopted on September 20, 2011 authorized the 2012 Funding Allocation Plan; and
Whereas, CCFN 75-1610-2f authorized the continued allocation of program income from the Milwaukee Economic Development Corporation for economic development activity utilizing a revolving fund; and
Whereas, It has been determined, that operation of this grant program for one year would generate an estimated $215,000, for CDBG and $270,000 for HOME in revenue (program income) from authorized revolving fund...
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