City of Racine - File #: Res.0008-16

• File #: Res.0008-16
• Version: A
• Name: Amended Agreement with Marlo Incorporated
• Type: Resolution
• Status: Passed
• File created: 1/19/2016
• In control: City Attorney's Office
• On agenda: 1/19/2016
• Final action: 1/19/2016
• Title: Amended Agreement with Marlo Incorporated Resolved, that the modification to the 2014 assistance agreement with Marlo Incorporated for 2227 South Street is approved and all other terms and conditions of the original 2014 assistance agreement remain in full force and effect, unless otherwise modified. Further resolved, that the Mayor and City Clerk are authorized and directed to execute modifications to the 2014 financial assistance agreement with Marlo Incorporated in substantially the same form as outlined and in the Memorandum from RCEDC. Fiscal Note: The funds are available in the Intergovernmental Revenue Sharing Fund. The subsidy is estimated at $86,400.00 over a 10 year period.
• Sponsors: Q.A. Shakoor II
• Related files: 15-01016

Date	Ver.	Action By	Action	Result
1/19/2016	A	Common Council	Adopted

Sponsor

Alderman Shakoor

Title

Amended Agreement with Marlo Incorporated

Resolved, that the modification to the 2014 assistance agreement with Marlo Incorporated for 2227 South Street is approved and all other terms and conditions of the original 2014 assistance agreement remain in full force and effect, unless otherwise modified.

Further resolved, that the Mayor and City Clerk are authorized and directed to execute modifications to the 2014 financial assistance agreement with Marlo Incorporated in substantially the same form as outlined and in the Memorandum from RCEDC.

Fiscal Note: The funds are available in the Intergovernmental Revenue Sharing Fund. The subsidy is estimated at $86,400.00 over a 10 year period.