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19348
| 2 | 1. | SUBSTITUTE - Approve the request from Independent Living, Inc to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Resolution | SUBSTITUTE - Approve the request from Independent Living, Inc. to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | | |
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19348
| 2 | | SUBSTITUTE - Approve the request from Independent Living, Inc to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Resolution | SUBSTITUTE - Approve the request from Independent Living, Inc. to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | | |
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19348
| 2 | | SUBSTITUTE - Approve the request from Independent Living, Inc to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Resolution | SUBSTITUTE - Approve the request from Independent Living, Inc. to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | | |
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19348
| 2 | | SUBSTITUTE - Approve the request from Independent Living, Inc to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Resolution | SUBSTITUTE - Approve the request from Independent Living, Inc. to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | | |
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19348
| 2 | | SUBSTITUTE - Approve the request from Independent Living, Inc to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Resolution | SUBSTITUTE - Approve the request from Independent Living, Inc. to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | | |
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19348
| 2 | | SUBSTITUTE - Approve the request from Independent Living, Inc to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Resolution | SUBSTITUTE - Approve the request from Independent Living, Inc. to provide up to $432,000 in CDBG, HOME Match, Acq/Rehab funds and Scattered Site Funds to acquire and construct 42 units of senior rental housing on the north side of Madison. | Return to Lead with the Following Recommendation(s) | Pass |
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19614
| 1 | 2. | Approve Domestic Abuse Intervention Services’ request for $11,190 in ESG funds in the form of a deferred loan for costs associated with rehabilitation of their shelter building and forward the recommendation to the Mayor for his approval. | Discussion Item | Approve Domestic Abuse Intervention Services’ request for $11,190 in ESG funds in the form of a deferred loan for costs associated with rehabilitation of their shelter building and forward the recommendation to the Mayor for his approval. | Discuss and Finalize | Pass |
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20073
| 1 | 3. | Approving the Community Development Division's HUD required 2011 Action Plan. | Resolution | Approving the Community Development Division's HUD required 2011 Action Plan. | Return to Lead with the Recommendation for Approval | Pass |
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20094
| 1 | 4. | Approving the reapportionment of $664,145 in previously-approved EECBG funds for the Community Development Division’s Business Energy Incentives Program (BEEP), and authorizing the Mayor and City Clerk to execute all requisite agreements with the designat | Resolution | Approving the reapportionment of $664,145 in previously-approved EECBG funds for the Community Development Division’s Business Energy Incentives Program (BEEP), and authorizing the Mayor and City Clerk to execute all requisite agreements with the designated recipient businesses and organizations. | Return to Lead with the Recommendation for Approval | Pass |
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19929
| 1 | 5. | Notice of potential conflict of interest situation and request from Madison Development Corporation.
MDC Waiver Request | Discussion Item | Notice of potential conflict of interest situation and request from Madison Development Corporation.
The Community Development program provides CDBG funds to the Madison Development Corporation to make loans to eligible businesses that meet City objectives and HUD eligibility rules. MDC has created a Loan and Investment Committee that includes MDC Board members and representatives of various community lenders to help analyze, screen and approve business loans. MDC has adopted operational policies to balance the goal of leveraging private funds with the goal of minimizing conflict of interest whereby community lenders rotate membership periodically and must excuse themselves from discussions of co-loans involving their institutions.
A member of the MDC Loan and Investment Committee, Mike Flynn, works for Monona State Bank. Both MDC and Monona State Bank are considering a co-loan to a business applicant. While this situation may present a conflict of interest situation as defined by HUD, HUD also provides a method for review and waiver of their conflict of interest prohibitio | Discuss and Finalize | Pass |
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20064
| 1 | 6. | Amended the 2010 contract for the Operation Fresh Start to allow them to use their remaining 2010 HOME contract funds for work on units owned by other non-profit agencies. | Discussion Item | Amended the 2010 contract for the Operation Fresh Start to allow them to use their remaining 2010 HOME contract funds for work on units owned by other non-profit agencies. | Discuss and Finalize | Pass |
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19934
| 1 | 7. | CDBG October 2010 Staff Report | Report | CDBG October 2010 Staff Report | | |
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