Fiscal Note
The proposed resolution authorizes a forgivable loan with the Allied Community Cooperative for pre-development costs associated with the construction of a market in the Allied Drive/Dunn’s Marsh neighborhood. Funding for the loan is available in the 2016 Adopted Capital Budget in the Healthy Retail Access Program.
Title
Authorizing the Mayor and City Clerk to execute a forgivable loan agreement with the Allied Community Cooperative for $53,667 in pre-development funds from the Healthy Retail Access Program for the purposes of advancing the Allied Community Cooperative Market project in the Allied Drive/Dunn’s Marsh neighborhoods.
Body
WHEREAS, on November 18, 2014, the Common Council adopted RES-14-00786 (Legistar #35697) directing a staff team to propose options for intervention in the Allied Drive/Dunn’s Marsh areas to improve food access with a focus on a physical site for a retailer, including a cooperative as an option; and
WHEREAS, on January 20, 2015, the Common Council accepted a staff report (Legistar #36723) which recommended making available up to $300,000 of city funds to attract a full-service, affordable grocer to the Allied Drive/Dunn’s Marsh areas; and
WHEREAS, on February 24, 2015, the Common Council adopted RES-15-00150 (Legistar #37014) authorizing the city to issue requests for proposals for up to $300,000 of city funds, in the form of a low-interest or forgivable loan, for the location of an affordable, full-service grocer in the Allied Drive/Dunn’s Marsh areas; and
WHEREAS, on October 6, 2015, the Common Council accepted a staff report (Legistar #39927) that recommended the acceptance of a response to the request for proposal submitted by the Allied Community Cooperative, with the support of the Willy Street Grocery Cooperative and the University of Wisconsin Center for Cooperatives, and provide a $300,000 forgivable loan according to their proposal as submitted; and
WHEREAS, the Mayor and Common Council adopted the Hea...
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