0962-18

Thu, 12 Dec 2019 20:29:48 GMT

File #: 0962-18
Ver.: A
Agenda #:
Type: Communication
Title: Subject: (Direct Referral) Request for creation of the Community Development Block Grant (CDBG) Microenterprise - Revolving Loan Fund. Recommendation of the Community Development Committee on 9-20-2018: That the request to establish a CDBG Microenterprise - Revolving Loan Fund be approved, and; that the Mayor, City Clerk, and Director of City Development be authorized to execute a written agreement with the Redevelopment Authority of the City of Racine consistent with federal regulations for $62,700.00 of CDBG funds for the purpose of creating and administering a CDBG Microenterprise Revolving Loan Fund. Fiscal Note: The Community Development Committee and the Common Council allocated $62,700.00 of CDBG funds for the purposes of assisting microenterprises through the 2018 Annual Action Plan, and, as such, there are sufficient resources available to fund this project.
Action: Recommended For Approval
Result: Pass

City of Racine - Meeting of Community Development Committee on 9/20/2018 at 7:00 PM

0962-18