City of Racine - File #: Res.06-7390

• File #: Res.06-7390
• Version: A
• Name: Authorize the Redevelopment Authority to acquire 1402 Liberty Street and 1423 State Street
• Type: Resolution
• Status: Passed
• File created: 1/3/2007
• In control: City Attorney's Office
• Final action: 1/3/2007
• Title: Authorize the Redevelopment Authority to acquire 1402 Liberty Street and 1423 State Street Resolved, by the Common Council of the City of Racine pursuant to sec. 66.1333 (5) (b), Wis. Stats., that the Redevelopment Authority of the City of Racine is authorized and directed to acquire by purchase 1402 Liberty Street (parcel ID 07856000) and 1423 State Street (parcel ID 08180000). Further resolved, that the Interim Finance Director is authorized and directed to advance to the Authority up to $260,000 plus closing costs to fund the acquisition and to establish the accounts necessary for the transfer of funds. Fiscal Note: Funds will be advanced from the 2004 and/or 2005 Capital Project Funds.
• Sponsors: James Spangenberg
• Related files: 06-3012

Date	Ver.	Action By	Action	Result
1/3/2007	A	Common Council	Adopted	Pass

Sponsor

Alderman Spangenberg

Title

Authorize the Redevelopment Authority to acquire 1402 Liberty Street and 1423 State Street

Resolved, by the Common Council of the City of Racine pursuant to sec. 66.1333 (5) (b), Wis. Stats., that the Redevelopment Authority of the City of Racine is authorized and directed to acquire by purchase 1402 Liberty Street (parcel ID 07856000) and 1423 State Street (parcel ID 08180000).

Further resolved, that the Interim Finance Director is authorized and directed to advance to the Authority up to $260,000 plus closing costs to fund the acquisition and to establish the accounts necessary for the transfer of funds.

Fiscal Note:  Funds will be advanced from the 2004 and/or 2005 Capital Project Funds.