City of Racine - File #: 12-8321

• File #: 12-8321
• Version: A
• Name: 2013 Launch Box Contract (Res. 12-3452)
• Type: Communication
• Status: Passed
• File created: 11/2/2012
• In control: Redevelopment Authority of the City of Racine
• Final action: 12/4/2012
• Title: Subject: (Direct Referral) Review of the 2013 Launch Box Contract for the Racine County Economic Development Corporation (RCEDC). (Res. 12-3452) Recommendation of the Redevelopment Authority on 11-5-12: that the Authority supports the use of $99,930.00 from the Intergovernmental Revenue Sharing Fund for the Launch Box small business initiative contract for 2013. Further, that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC. Recommendation of the Finance & Personnel Committee on 11-26-12: The Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC for the Launch Box Small Business Initiative. Fiscal Note: The contract amount is $99,930.00; total cost is $148,930.00 City source is the Intergovernmental Revenue Sharing Fund; the expenditure is included in the 2013 capital budget, Account 919.000.5610. Outside grant funds to the RCEDC total $49,000.00 from the Wisconsin Energy Foundation, Racine County, and S.C...

Date	Ver.	Action By	Action	Result
12/4/2012	A	Common Council	Approved as Presented	Pass
11/26/2012	A	Finance and Personnel Committee
11/5/2012	A	Redevelopment Authority of the City of Racine	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Review of the 2013 Launch Box Contract for the Racine County Economic Development Corporation (RCEDC). (Res. 12-3452)

Recommendation of the Redevelopment Authority on 11-5-12: that the Authority supports the use of $99,930.00 from the Intergovernmental Revenue Sharing Fund for the Launch Box small business initiative contract for 2013.

Further, that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC.

Recommendation of the Finance & Personnel Committee on 11-26-12:  The Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC for the Launch Box Small Business Initiative.

Fiscal Note: The contract amount is $99,930.00; total cost is $148,930.00  City source is the Intergovernmental Revenue Sharing Fund; the expenditure is included in the 2013 capital budget, Account 919.000.5610.  Outside grant funds to the RCEDC total $49,000.00 from the Wisconsin Energy Foundation, Racine County, and S.C. Johnson, A Family Company.