https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2963814&GUID=3A1E6FAF-A287-49D7-B40F-B53B9189A5B4Legistar15https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2963814&GUID=3A1E6FAF-A287-49D7-B40F-B53B9189A5B43A1E6FAF-A287-49D7-B40F-B53B9189A5B4-2017-03-08-19-50-30Title: RDA Resolution No. 17-06 - TRIP to Fischer USA, Inc. Resolved, that the request to provide financial assistance in the form of a tax reimbursement incentive (TRIP) of 75% of the City portion on property taxes to Fischer USA, Inc. to renovate and expand its current location at 3715 Blue Rive Avenue and to create at least 20 full-time jobs, is approved. Further resolved, that the Mayor and City Clerk are authorized and directed to execute a financial assistance agreement with Fischer USA, Inc. in substantially the same form as outlined in the Memorandum from the Racine County Economic Development Corporation (RCEDC) attached to Item 17-17. Fiscal Note: The total assistance provided, based upon the 2016 property tax bill, will be approximately $11,600.00 per year or $116,200.00 over a ten-year period. RCEDC would assist the City in tracking the jobs created and the City hiring preference ratios. The assistance agreement requires: (1) that Fischer retain its existing full time workforce; and (2) create 20 full-time positions, if job creation falls below estimated levels in any Wed, 08 Mar 2017 19:50:30 GMT