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Subject: Communication from the Assistant Director of City Development requesting permission to accept a Knowles Nelson Stewardship Grant from the Wisconsin Department of Natural Resources in the amount of $242,261.00 to assist in the acquisition of properties associated with the RootWorks West Bluff Overlook project.(Grant Control # 2014-011) (Res. No. 14-0131)
Recommendation of the Finance & Personnel Committee on 3-24-14: Permission be granted to the Assistant Director of City Development to accept a Knowles Nelson Stewardship Grant from the Wisconsin Department of Natural Resources in the amount of $242,261.00 to assist in the acquisition of properties associated with the RootWorks West Bluff Overlook project.
Fiscal Note: Total project cost is estimated at $484,522. Grant requires a 50% local match of $242,261 which is comprised of a donation of land from the Mound Avenue Associates valued at $113,800 EPA site assessment grant funds totaling $41,978, and Inter Governmental Shared Revenue Funds of $86,483 from account 919.000.5040(Grant Control # 2014-011)