HomeMy WebLinkAbout30230 / 79-04July 5, 1979 y� RESOLUTION
PURPOSE
INITIATED BY
TO AMEND THE PRESENT COM`4ERCIAL REHABILITATION PROJECT
GUIDELIN:ES
DEPARTMENT OF COMPIUNITY DEVELOPMENT
WHEREAS, the City of OshY.osh pazticipated in the Commercial
i�f,ii.zi�:i:��u.C.;Uil LUd1"1 YI'Og1'd;Il i0Y' approximately S1X ICtOSltl"15� d71Cj
WHEREAS, the project has been successful in aiding in the
renabilitat?on oi structures in the downtown area, and
LdHEREAS, structures incurring over ($2,000.00) TL40 THOUSAND
DOLLARS of expenses must comply with the Davis-Bacon Act, and
WHEREAS, in complying with this act higher wage scales than
normal for thi.s area must sometimes be applied, and
WHEREAS, the Oshkosh Commercial Development Corporation has
met and recommended the following change,
NOW, THEREFORE, BE IT RESOLVF.D that Article IX Section (a)
of the Commercial Rehabilitation Program Guidelines be amended
as follows: "Rehabilitation projects will be funded at a
twenty-five percent (25a) incentive for projects which do noC
require the prevailing wage rates, and that those projects requiring
federal prevailing wage rates will be funded at a forty-five
percent C45$) incentive.°
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