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File #: Res.12-3419    Version: A Name: Racine County Economic Development Corporation (RCEDC) Request to Present the Semi-Annual Plan Certifications for the City Revolving Loan Fund (City-RLF)
Type: Resolution Status: Passed
File created: 11/20/2012 In control: City Attorney's Office
On agenda: Final action: 11/20/2012
Title: Racine County Economic Development Corporation (RCEDC) Request to Present the Semi-Annual Plan Certifications for the City Revolving Loan Fund (City-RLF) Resolved, that the City certify for the reporting periods ending March 31, 2012 and September 30, 2012 that the City of Racine Revolving Loan Fund (City-RLF) Plan is consistent with and supportive of the area's current economic development strategy, and the City-RLF is being operated in accordance with the policies and procedures contained in the City-RLF Plan, and the City-RLF loan portfolio meets the standards contained therein. Further resolved, that the Executive Director of RCEDC is authorized and directed to submit the semi-annual certification to the US Economic Development Administration. Fiscal Note: N/A
Sponsors: Q.A. Shakoor II
Related files: 12-8305
Sponsor
Alderman Shakoor
 
Title
Racine County Economic Development Corporation (RCEDC) Request to Present the Semi-Annual Plan Certifications for the City Revolving Loan Fund (City-RLF)
 
Resolved, that the City certify for the reporting periods ending March 31, 2012 and September 30, 2012 that the City of Racine Revolving Loan Fund (City-RLF) Plan is consistent with and supportive of the area's current economic development strategy, and the City-RLF is being operated in accordance with the policies and procedures contained in the City-RLF Plan, and the City-RLF loan portfolio meets the standards contained therein.
 
Further resolved, that the Executive Director of RCEDC is authorized and directed to submit the semi-annual certification to the US Economic Development Administration.
 
Fiscal Note: N/A