HomeMy WebLinkAboutResolution 2015 (19) Resolution No. 19 (2015)
RESOLUTION OF SUPPORT FOR CONTINUED DE-
S ( uw) " lC.1NTY FEDERALIZATION OF THE REGIONAL CONSOLIDATED
REVOLVING LOAN FUND
1 WHEREAS, St. Croix County voluntarily transferred the assets of its CDBG
2 funded Revolving Loan Fund to Regional Business Fund, Inc. (RBF) in 2007 to allow
3 the businesses in the municipality greater access to a more flexible source of business
4 financing and enhance economic development in the region; and
5
6 WHEREAS, staff of the West Central Wisconsin Regional Planning Commission
7 followed the direction provided by the Wisconsin Department of Commerce (DOC) and
8 the Department of Housing and Urban Development (HUD) in developing the process to
9 consolidate and de-federalize the municipal revolving loan funds into the RBF, Inc. as
10 outlined in the Investment Strategy and Memorandum of Understanding with DOC; and
11
12 WHEREAS, starting in 2011, administration of the CDBG program at the state
13 level was transferred from DOC to the Wisconsin Economic Development Corporation
14 (WEDC), and then to the Wisconsin Department of Administration (DOA) in July, 2013;
15 and
16
17 WHEREAS, on April 1, 2015 DOA notified the RBF that HUD has determined
18 that the proper de-federalization process was not followed and that all existing cash and
19 future consolidated loan fund repayments thereby must be considered federal and must
20 adhere to all accompanying federal rules and requirements; and
21
22 WHEREAS, St. Croix County does not agree with the DOA and HUD ruling
23 because the process for de-federalization was originally provided and directed by DOC
24 and HUD; and
25
26 WHEREAS, having to administer the Consolidated Revolving Loan Fund with the
27 federal restrictions will minimize the funds usefulness to businesses in that the federal
28 requirements are restrictive and burdensome.
29
30 THEREFORE, be it resolved that St. Croix County encourages DOA and HUD to
31 reconsider their ruling and allow the Consolidated Revolving Loan Fund proceeds to
32 continue in their de-federalized status. This de-federalization is necessary and vital to
33 West Central Wisconsin businesses as they seek to add jobs and investment to the
34 regional economy;
35
36 FURTHER be it resolved that the County Clerk is directed to send a copy of this
37 Resolution to: Governor Scott Walker, the Joint Finance Committee of the Wisconsin
38 Legislature, Senator Sheila Harsdorf, Senator Kathleen Vinehout, Senator Janet Bewley
39 and Assemblymen Adam Jarchow, Dean Knudson, John Murtha, Romaine Quinn and
40 Warren Petryk, and US Senators Ron Johnson and Tammy Baldwin, US
41 Representative Sean Duffy, the secretary of HUD, the Director of the Regional Business
42 Fund, and the Director of the Regional Planning Commission.
Resolution No. 19 (2015)
RESOLUTION OF SUPPORT FOR CONTINUED DE-
T. ) " lC.1NTY FEDERALIZATION OF THE REGIONAL CONSOLIDATED
REVOLVING LOAN FUND
Legal—Fiscal—Administrative Approvals:
Legal Note:
Fiscal Impact: There is no fiscal impact to St. Croix County from this resolution.
P'a nck ` ��zttp,Wn, COUnty (minis /2015
05/21/15 Community Development Committee RECOMMENDED
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RESULT: RECOMMENDED [UNANIMOUS]
MOVER: Agnes Ring, Chair
SECONDER: Jill Ann Berke, Supervisor
AYES: Ring, Berke, Hansen, Achterhof, Leibfried
Vote Confirmation.
Ag e: ling„ Chair 5/26/2015
St. Croix County Board of Supervisors Action:
Roll Call -Vote Requirement— Majority of Supervisors Present
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RESULT: ADOPTED AS AMENDED [UNANIMOUS]
MOVER: Travis Schachtner, Supervisor
SECONDER: Jill Ann Berke, Supervisor
AYES: Schachtner, Ring, Babbitt, Novotny, Sjoberg, Nielsen, Nelson, Berke, Ostness,
Larson, Hansen, Kiesler, Brinkman, Peterson, Anderson, Achterhof, Leibfried,
Peavey
ABSENT: Chris Kilber
This Resolution was Adopted as Amended by the St. Croix County Board of Supervisors on May 21, 2015
Cindy Campbell, County Clerk