Fiscal Note
$150,000 in Federal CDBG funds is available within the Community Acquisition/Rehab Fund. Use of the funds will not count toward the State expenditure limits.
Title
Authorizing the provision of CDBG funds to assist the Urban League of Greater Madison, Inc. acquire property to develop a Center for Economic Development in ways that address City, Community and Neighborhood Development objectives.
Body
AGENCY:
The Urban League of Greater Madison, Inc. is the local affiliate of the National Urban League. The local organization has sponsored several programs intended to strengthen the job skills or job readiness of many lower income people and people from various racial and ethnic backgrounds.
PROJECT:
Over the last several years, the organization has explored ways to leverage the sale of its current headquarters on Gorham Street and find a site that would be more accessible to its client base, provide space for its programs, and permit it to partner or grow its programs in the business support area. The Urban League has completed a fund-raising study and is now engaged in the development of a more public campaign to raise funds for this new facility. In addition, they have discussed the purchase or lease of space within the Villager Mall with the Community Development Authority, and the availability of space elsewhere in South Madison with other parties. The Executive Director of the CDA has expressed support for their becoming part of the mix of participants in the revitalization of the Villager, and has indicated that the CDA will make a tenant mix decision by the end of March 2007.
ACTIONS:
Whereas, the CDBG program, as amended, and its implementing regulations located at 24 CFR Part 42, permit the City of Madison to help community agencies that serve lower income people;
Whereas, CD staff and the CDBG Commission have reviewed this proposal and find that it furthers the goals expressed in the Five-Year Community and Neighborhood Devel...
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