City of Racine - File #: 650-17

• File #: 650-17
• Version: A
• Name: Preferred Financing model for Event Center (Res. No. 0250-17)
• Type: Communication
• Status: Passed
• File created: 6/30/2017
• In control: Committee of the Whole
• Final action: 7/18/2017
• Title: Subject: (Direct Referral) Request by the City Administrator to Consider: Recommendation of The Committee of the Whole Relating to the proposed, Downtown Multi-Purpose Event Center and Hotel project. A resolution to adopt a preferred financing model for the development, financing, and construction of an event center on the rda-owned property at 233 Lake Ave, and to authorize and direct city staff to pursue certain partnership engagement efforts required to further develop the financing model and recruitment of a private, full-service hotel. (Res. No. 0250-17) Recommendation of the Committee of the Whole on 07-06-2017: The resolution, as amended, be approved. Fiscal Note: N/A
• Related files: Res.0250-17

Date	Ver.	Action By	Action	Result
7/18/2017	A	Common Council	Approved as Presented	Pass
7/6/2017	A	Committee of the Whole

Title

Subject:  (Direct Referral) Request by the City Administrator to Consider: Recommendation of The Committee of the Whole Relating to the proposed, Downtown Multi-Purpose Event Center and Hotel project.  A resolution to adopt a preferred financing model for the development, financing, and construction of an event center on the rda-owned property at 233 Lake Ave, and to authorize and direct city staff to pursue certain partnership engagement efforts required to further develop the financing model and recruitment of a private, full-service hotel. (Res. No. 0250-17)

Recommendation of the Committee of the Whole on 07-06-2017:  The resolution, as amended, be approved.

Fiscal Note:  N/A