City of Racine - File #: 11-6719

• File #: 11-6719
• Version: A
• Name: Compliane I/CB-RLF
• Type: Communication
• Status: Passed
• File created: 7/26/2011
• In control: Finance and Personnel Committee
• Final action: 8/16/2011
• Title: Subject: Communication from the Director of City Development requesting certification of compliance for the City of Racine Industrial/Commercial Building Revolving Loan Fund. Recommendation of the Finance & Personnel Committee on 8-8-11: The City certify that for the semi-annual reporting period ending March 31, 2011: the Industrial/Commercial Building Revolving Loan Fund (I/CB-RLF) Plan is consistent with and supportive of the area’s current economic adjustment strategy; and the I/CB-RLF is being operated in accordance with the policies and procedures contained in the I/CB-RLF Plan and the loan portfolio meets the standards contained therein. Fiscal Note: N/A

Date	Ver.	Action By	Action	Result
8/16/2011	A	Common Council	Approved as Presented	Pass
8/8/2011	A	Finance and Personnel Committee
8/1/2011	A	Common Council	Referred

Title

Subject: Communication from the Director of City Development requesting certification of compliance for the City of Racine Industrial/Commercial Building Revolving Loan Fund.

Recommendation of the Finance & Personnel Committee on 8-8-11: The City certify that for the semi-annual reporting period ending March 31, 2011: the Industrial/Commercial Building Revolving Loan Fund (I/CB-RLF) Plan is consistent with and supportive of the area's current economic adjustment strategy; and the I/CB-RLF is being operated in accordance with the policies and procedures contained in the I/CB-RLF Plan and the loan portfolio meets the standards contained therein.

Fiscal Note: N/A