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Subject: Communication sponsored by Mayor Mason requesting approval of a resolution accepting a grant award of $250,000 from the Wisconsin Economic Development Corporation Community Development Investment (WEDC CDI) Grant Program on behalf of Venture X Racine for the redevelopment of 440 Main Street.
Recommendation of the Finance and Personnel Committee on 5-31-2022: That the request sponsored by Mayor Mason to approve a resolution supporting acceptance of a grant for $250,000 from the Wisconsin Economic Development Corporation Community Development Investment (WEDC CDI) Grant Program to Venture X Racine for the redevelopment of 440 Main Street be forwarded to the Common Council with a recommendation for approval and that the Mayor and City Clerk be authorized to execute grant and development agreements with WEDC and Venture X Racine as necessary.
Fiscal Note: No additional City funds will be allocated as a result of this action. The grant control number is 00394. The grant does not ...
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