City of Madison - File #: 46250

• File #: 46250
• Version: 1
• Name: Authorizing an amendment to loan documents associated with previously allocated Community Development Block Grant (CDBG) funds that were used by Center for Families, Inc. (formerly Respite Center Inc. and Family Centers Inc.) to acquire property located a
• Type: Resolution
• Status: Passed
• File created: 2/22/2017
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 3/21/2017
• Final action: 3/21/2017
• Enactment date: 3/23/2017
• Enactment #: RES-17-00231
• Title: Authorizing an amendment to loan documents associated with previously allocated Community Development Block Grant (CDBG) funds that were used by Center for Families, Inc. (formerly Respite Center Inc. and Family Centers Inc.) to acquire property located at 2120 Fordem Ave., Madison, WI.
• Sponsors: Samba Baldeh, Maurice S. Cheeks, Matthew J. Phair

Date	Ver.	Action By	Action	Result
3/21/2017	1	COMMON COUNCIL	Adopt	Pass
3/13/2017	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
3/2/2017	1	COMMUNITY DEVELOPMENT BLOCK GRANT COMMITTEE	Return to Lead with the Recommendation for Approval	Pass
2/28/2017	1	BOARD OF ESTIMATES (ended 4/2017)	Referred
2/28/2017	1	COMMON COUNCIL	Refer	Pass
2/22/2017	1	Community Development Division	Referred for Introduction

Fiscal Note
The proposed amendment to the loan documents has no fiscal impact.
Title
Authorizing an amendment to loan documents associated with previously allocated Community Development Block Grant (CDBG) funds that were used by Center for Families, Inc. (formerly Respite Center Inc. and Family Centers Inc.) to acquire property located at 2120 Fordem Ave., Madison, WI.
Body
On December 15, 1988 the City of Madison approved a loan of $100,000 in CDBG funding to support the acquisition of facilities at 2120 Fordem Ave. that would serve the following five local agencies whose programs focused on child abuse prevention and related issues: Respite Center, Family Enhancement, Parental Stress, Family Sexual Abuse Treatment, and Exchange Club, Center for Child Abuse. At that time, the agencies’ facilities were inadequate to respond to growing needs and they lacked the capital necessary to purchase or build suitable facilities. City financial assistance supported enlarged program and administrative space at a lower cost than would have been possible individually and also increased the potential for collaboration on cases, thus improving quality, quantity and efficiency of services to clients.

The City of Madison executed a Real Estate Mortgage and Promissory Note for the 2120 Fordem property with Respite Center, Inc. and Family Centers, Inc. Repayment of the $100,000 loan was deferred until sale, transfer or change of use of the property such that it no longer met a CDBG national objective.

On October 18, 2010 the five previously identified collaborating agencies merged into one corporation known as Center for Families, Inc. The original mortgagors, Respite Center Inc., and Family Centers Inc., notified the City at that time and thus all parties understood that Center for Families was then responsible for the Mortgage and Promissory note. The City did not, however, execute revised real estate documents naming Center for Families Inc. as the new mortgagor.

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