https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2081541&GUID=065D8744-97C9-48DE-8436-42816C70D300Legistar15https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2081541&GUID=065D8744-97C9-48DE-8436-42816C70D300065D8744-97C9-48DE-8436-42816C70D300-2023-06-16-15-55-28Title: Subject: Communication from the Director of City Development requesting the authorization to enter into a development agreement with Gorman and Company for the State at Main redevelopment project and the creation of a Tax Increment District to provide partial funding for the redevelopment. (Item referred to Finance & Personnel Committee, the City Plan Commission, Redevelopment Authority, and Standing Joint Review Board.) Finance & Personnel Committee's recommendation 03-14-06: Approval of a three-party development agreement between City of Racine, Gorman and Company (d.b.a. State at Main LLC), and the Redevelopment Authority. Fiscal Note: No debt will be issued by the City. Increment revenues from Tax Increment District No. 13 will be assigned to the developer. Roll Call Vote: Ayes: Aldermen Friedel and Finley Noes: Alderman Sollman Excused: Aldermen Spangenberg and KarasFri, 16 Jun 2023 15:55:28 GMT