Fiscal Note
$150,000.00 in Federal CDBG funds is available within the Community Acquisition/Rehab Fund, in addition to $150,000.00 previously approved by the Council in March 2007. Use of the funds will not count toward the State expenditure limits.
Title
Authorizing the provision of additional CDBG funds to assist the Urban League of Greater Madison acquire property and construct a building 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 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 of various racial and ethnic backgrounds, as well as provide youth mentoring, and business development services.
Project:
Over the last several years, 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 program in the business support area. The Urban League has a 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 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 October 2007.
Last February, the CDBG Commission recommended and the Council approved a resolution to provide an initial $150,000.00 to help leverage private funds toward the development of a new buildi...
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