Fiscal Note
Goodwill Industries is requesting up to $200,000 to purchase a vacant parcel located at 4829 Anniversary Lane with plans to apply for HUD Section 811 funds to building an 8 unit building to serve Goodwill Industries clientele and a resident manager. Federal HOME funds are available and would be used to fund this purchase. All of the funds requested will go toward the acquisition price. It should be noted that funding for this project has been included in the 2010 PCED Executive Capital Budget ("Goodwill Industries Accommodation," Project No. 21).
Title
Approve Goodwill Industries of South Central Wisconsin, Inc’s request for up to $200,000 in HOME funds for a vacant parcel at 4829 Anniversary Lane for the purpose of constructing seven 1-bedroom units for persons with mental illness and one 2-bedroom unit for a resident manager; HOME funds shall be provided in the form of a 15 year forgivable loan secured by a mortgage, promissory note and Land Use Restriction Agreement.
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Goodwill Industries was one of two non-profit agencies serving homeless households who expressed interest in developing property being vacated by the federal government known as the U.S. Turman Olson Army Reserve Center site located on S. Park Street. Federal regulations indicate that when federal land is considered to be surplus, agencies providing housing/services to homeless households shall be given first consideration for the land at no cost.
As part of the process to determine the future use of the surplus property, the CDA was designated by the Department of Defense as the local redevelopment authority to develop a plan for the S. Park Street parcel on behalf of the City. After a series of CDA Committee meetings and public hearing, the City developed a plan for the S. Park Street parcel that included a newly constructed roadway and mixed used development. The two non-profit agencies serving homeless were offered and accepted substitute vacant, buildable parcels (at un...
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