City of Racine - File #: 15-00956

• File #: 15-00956
• Version: A
• Name: Capital Catalyst program (Res No. 15-0414)
• Type: Communication
• Status: Passed
• File created: 10/22/2015
• In control: Redevelopment Authority of the City of Racine
• Final action: 11/3/2015
• Title: Subject: (Direct Referral) A request from the Racine County Economic Development Corporation to allocate $100,000.00 from Intergovernmental Revenue Sharing Funds for a new Capital Catalyst loan program for the City of Racine and to approve the Policy Manual for the program. (Res No. 15-0414) Recommendation of the Redevelopment Authority on 10-26-15: That the request by RCEDC for $100,000.00 in matching funds to establish a Capital Catalyst program be approved and that the Capital Catalyst program be administered in accordance with the manual developed by RCEDC to establish policies and procedures for the administration of the program. Fiscal Note: Sufficient funds are available in the Intergovernmental Revenue Sharing Funds.
• Related files: Res.15-0414

Date	Ver.	Action By	Action	Result
11/3/2015	A	Common Council	Adopted	Pass
10/26/2015	A	Redevelopment Authority of the City of Racine	Recommended For Approval	Pass

Title

Subject: (Direct Referral) A request from the Racine County Economic Development Corporation to allocate $100,000.00 from Intergovernmental Revenue Sharing Funds for a new Capital Catalyst  loan program for the City of Racine and to approve the Policy Manual for the program. (Res No. 15-0414)

Recommendation of the Redevelopment Authority on 10-26-15: That the request by RCEDC for $100,000.00 in matching funds to establish a Capital Catalyst program be approved and that the Capital Catalyst program be administered in accordance with the manual developed by RCEDC to establish policies and procedures for the administration of the program.

Fiscal Note: Sufficient funds are available in the Intergovernmental Revenue Sharing Funds.