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