City of Racine - File #: Res.08-0835

• File #: Res.08-0835
• Version: A
• Name: Agreement with E.G. Developments, LLC to acquire property at 1425 North Memorial Drive
• Type: Resolution
• Status: Passed
• File created: 5/20/2008
• In control: Committee of the Whole
• Final action: 9/16/2008
• Title: Agreement with E.G. Developments, LLC to acquire property at 1425 North Memorial Drive Resolved, that the Mayor and City Clerk be authorized and directed to enter into an agreement with E.G. Developments, LLC regarding the former Racine Steel Castings property at 1425 North Memorial Drive. Further resolved, that the Redevelopment Authority be authorized to accept the transfer of the property from the City. Fiscal Note: The $15,000.00 for utility connections is available in the "208" Industrial Development Fund. The $316,000 to satisfy the purchase agreement will be included in the city's long-range capital improvements budget.
• Sponsors: David L. Maack
• Related files: 08-1970

Date	Ver.	Action By	Action	Result
9/16/2008	A	Common Council	Adopted	Pass
7/15/2008	A	Common Council	Referred
6/17/2008	A	Common Council	Referred
5/20/2008	A	Common Council	Referred

Sponsor

Alderman Maack

Title

Agreement with E.G. Developments, LLC to acquire property at 1425 North Memorial Drive

Resolved, that the Mayor and City Clerk be authorized and directed to enter into an agreement with E.G. Developments, LLC regarding the former Racine Steel Castings property at 1425 North Memorial Drive.

Further resolved, that the Redevelopment Authority be authorized to accept the transfer of the property from the City.

Fiscal Note:  The $15,000.00 for utility connections is available in the "208" Industrial Development Fund.  The $316,000 to satisfy the purchase agreement will be included in the city's long-range capital improvements budget.