Fiscal Note
The proposed resolution authorizes the extension of purchase of services contracts with Housing Initiatives, Inc. and Madison Community Cooperative, Inc. The Housing Initiatives, Inc. contract was originally approved in 2024 in the amount of $331,440. The Madison Community Cooperative, Inc. contract was originally approved in 2024 in the amount of $310,786. Both contracts are funded by Community Development Block Grant (CDBG) funds in the Community Development Division's Capital Improvements for Non-profit Housing (CINH) program. The Community Development Division's adopted operating budget includes funding for the remaining portions of these contracts in the Community Development Mutiyear Grant Fund (Fund 1205, project #71024). No additional appropriation required.
Title
Authorizing the CDD to extend Purchase of Services contracts with Housing Initiatives, Inc. and Madison Community Cooperative, Inc. through December 31, 2026 (District 2, District 4, District 12, District 6, District 18, District 10).
Body
Action
WHEREAS, the Community Development Division (CDD) awarded Community Development Block Grant (CDBG) funds through the Capital Improvements for Non-profit Housing (CINH) Program to support the rehabilitation of rental housing units owned and operated by Housing Initiatives, Inc. and Madison Community Cooperative, Inc.; and,
WHEREAS, the Common Council adopted a resolution approving an award and authorizing the Mayor and City Clerk to execute a contract with Housing Initiatives, Inc. to accomplish this purpose (RES-24-00718/Legistar File #86219); and,
WHEREAS, the Common Council adopted a resolution approving an award and authorizing the Mayor and City Clerk to execute a contract with Madison Community Cooperative, Inc. to accomplish this purpose (RES-24-00622/Legistar File #85520); and,
WHEREAS, a Purchase of Services contract was executed with these organizations and the terms of these agreements were in effect through December 31, 20...
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