City of Racine - File #: 12-8279

• File #: 12-8279
• Version: A
• Name: Racine Steel Acquisition 1425 N. Memorial Dr (Res. No. 12-3412)
• Type: Communication
• Status: Passed
• File created: 10/19/2012
• In control: Redevelopment Authority of the City of Racine
• Final action: 11/7/2012
• Title: Subject: (Direct Referral) Request of the Director of City Development for authorization to acquire the Racine Steel Property at 1425 N. Memorial Dr. (Res. No. 12-3412) Recommendation of the Redevelopment Authority on 10-24-12: That the Authority reaffirms the desire to accept the transfer of the Property to its ownership, and that the Chairman, Executive Director, and City Attorney are authorized and directed to pursue and proceed with the transfer of the Property, including the execution of the necessary agreements, without further action by the Authority. Further, that the Authority recommends that the Common Council provide funds to the Authority for expenses related to its acquisition of the Property through the Intergovernmental Revenue Sharing Fund, and that the Authority be informed of progress towards the acquisition of the Property. Fiscal Note: Funds are available in the Intergovernmental Revenue Sharing Fund.
• Related files: Res.12-3412

Date	Ver.	Action By	Action	Result
11/7/2012	A	Common Council	Approved as Presented	Pass
10/24/2012	A	Redevelopment Authority of the City of Racine	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development for authorization to acquire the Racine Steel Property at 1425 N. Memorial Dr. (Res. No. 12-3412)

Recommendation of the Redevelopment Authority on 10-24-12: That the Authority reaffirms the desire to accept the transfer of the Property to its ownership, and that the Chairman, Executive Director, and City Attorney are authorized and directed to pursue and proceed with the transfer of the Property, including the execution of the necessary agreements, without further action by the Authority.

Further, that the Authority recommends that the Common Council provide funds to the Authority for expenses related to its acquisition of the Property through the Intergovernmental Revenue Sharing Fund, and that the Authority be informed of progress towards the acquisition of the Property.

Fiscal Note: Funds are available in the Intergovernmental Revenue Sharing Fund.