City of Racine - File #: 15-00855

• File #: 15-00855
• Version: A
• Name: SBDRL Policies and Procedures (Res No. 15-0412)
• Type: Communication
• Status: Passed
• File created: 9/25/2015
• In control: Redevelopment Authority of the City of Racine
• Final action: 11/3/2015
• Title: Subject: (Direct Referral) Review of administrative policies and procedures for the Small Business Development Revolving Loan Program. (Res No. 15-0412) Recommendation of the Redevelopment Authority on 10-26-15: That the document titled "Small Business Development Revolving Loan Fund Program Policies" be approved and that the Department of City Development Staff be authorized to take all necessary and prudent measures to implement the program. Fiscal Note: The Community Development Committee and Common Council allocated $371,454.00 of Community Development Block Grant (CDBG) funds through the 2015 Annual Plan for the purposes of assisting business, and, as such, there are sufficient resources available to fund this project.
• Related files: Res.15-0412

Date	Ver.	Action By	Action	Result
11/3/2015	A	Common Council	Approved as Presented	Pass
10/26/2015	A	Redevelopment Authority of the City of Racine	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Review of administrative policies and procedures for the Small Business Development Revolving Loan Program. (Res No. 15-0412)

Recommendation of the Redevelopment Authority on 10-26-15: That the document titled "Small Business Development Revolving Loan Fund Program Policies" be approved and that the Department of City Development Staff be authorized to take all necessary and prudent measures to implement the program.

Fiscal Note: The Community Development Committee and Common Council allocated $371,454.00 of Community Development Block Grant (CDBG) funds through the 2015 Annual Plan for the purposes of assisting business, and, as such, there are sufficient resources available to fund this project.