City of Racine - File #: 0225-25

• File #: 0225-25
• Version: A
• Name: Subject: Communication sponsored by Mayor Mason, on behalf of the Finance Director and City Attorney, to approve and ratify the formation of the Lincoln King Community Center and Clinic QALICB, Inc., for the purposes of the New Market Tax Credit transacti
• Type: Communication
• Status: Passed
• File created: 2/27/2025
• In control: Finance and Personnel Committee
• On agenda: 4/2/2025
• Final action: 4/2/2025
• Title: Subject: Communication sponsored by Mayor Mason, on behalf of the Finance Director and City Attorney, to approve and ratify the formation of the Lincoln King Community Center and Clinic QALICB, Inc., for the purposes of the New Market Tax Credit transaction associated with the construction of the Lincoln King Community Center and Clinic project, and to allow the Mayor, City Clerk, Finance Director, and other staff to execute all necessary documents associated with the project. Recommendation of the Finance and Personnel Committee on 03-10-2025: To approve and ratify the formation of the Lincoln King Community Center and Clinic QALICB, Inc., for the purposes of the New Market Tax Credit transaction associated with the construction of the Lincoln King Community Center and Clinic project, and to allow the Mayor, City Clerk, Finance Director, and other staff to execute all necessary documents associated with the project. Fiscal Note: Costs associated with this are included in the project ...

Date	Ver.	Action By	Action	Result
4/2/2025	A	Common Council	Approved	Pass
3/10/2025	A	Finance and Personnel Committee	Recommended For Approval
3/4/2025	A	Common Council	Referred

Title

Subject: Communication sponsored by Mayor Mason, on behalf of the Finance Director and City Attorney, to approve and ratify the formation of the Lincoln King Community Center and Clinic QALICB, Inc., for the purposes of the New Market Tax Credit transaction associated with the construction of the Lincoln King Community Center and Clinic project, and to allow the Mayor, City Clerk, Finance Director, and other staff to execute all necessary documents associated with the project.

Recommendation of the Finance and Personnel Committee on 03-10-2025: To approve and ratify the formation of the Lincoln King Community Center and Clinic QALICB, Inc., for the purposes of the New Market Tax Credit transaction associated with the construction of the Lincoln King Community Center and Clinic project, and to allow the Mayor, City Clerk, Finance Director, and other staff to execute all necessary documents associated with the project.

Fiscal Note: Costs associated with this are included in the project budget.