title
Resolution authorizing a reallocation of Community Development Block Grant funds to MSP Real Estate, Inc. and a Level Three fund transfer
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WHEREAS, city staff is requesting $113,427 of existing Community Development Block Grant (CDBG) funds be reallocated for the purpose of providing funds to MSP Real Estate for site acquisition and soft costs related to a housing development located at 11500 West Burleigh Street;
NOW, THEREFORE BE IT RESOLVED THAT the Common Council of the City of Wauwatosa approves the use of $113,427 of 2023 CDBG funds to MSP Real Estate Inc., and authorizes a Level 3 fund transfer for such purpose.
By: Financial Affairs Committee
recommendation
Recommendation: Approve 7-0