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Subject: Communication from Racine County Economic Development Corporation submitting for review and approval its 2011 Brownfields Contract with the City. (Res.10-2322)
Recommendation of the Redevelopment Authority on 12-6-10: that $55,000 from the Intergovernmental Revenue Sharing Fund be used for the renewal of the RCEDC brownfields initiative contract for 2011.
Further, that the Mayor and CIty Clerk be authorized and directed to enter into the agreement with RCEDC.
Fiscal Note: The funds are available in the city's 2011 capital budget.
Recommendation of the Finance & Personnel Committee on 12-13-10: That the Mayor and City Clerk be authorized and directed to enter into the 2011 brownfields initiative contract with RCEDC.
Fiscal Note: The contract amount is $55,000; no change from 2010. Source is the Intergovernmental Revenue Sharing Fund; the expenditure is included in the 2011 capital budget, account 919.000.5610.