Sponsor
Alderman Shakoor
Title
Authorization to Acquire the Racine Steel Property at 1425 N. Memorial Drive
Resolved, that the Authority reaffirms the desire to accept the transfer of the Property to its ownership, and that the Chairman, Executive Director,
and City Attorney are authorized and directed to pursue and proceed with the transfer of the Property, including the execution of the necessary agreements, without further action by the Authority.
Further resolved, that the Authority recommends that the Common Council provide funds to the Authority for expenses related to its acquisition of
the Property through the Intergovernmental Revenue Sharing Fund, and that the Authority be informed of progress towards the acquisition of the Property.
Fiscal Note: Funds are available in the Intergovernmental Revenue Sharing Fund.