City of Racine - File #: Res.06-7018

• File #: Res.06-7018
• Version: A
• Name: POINTE BLUE DEVELOPMENT PROJECT
• Type: Resolution
• Status: Passed
• File created: 5/16/2006
• In control: City Attorney's Office
• Final action: 5/16/2006
• Title: POINTE BLUE DEVELOPMENT PROJECT RESOLVED, that the Mayor and City Clerk be authorized and directed to enter into a 3-party agreement, namely the Pointe Blue Development Project Term Sheet, between the City, the Redevelopment Authority and Key Bridge Group, Inc. FURTHER RESOLVED, that a development agreement be negotiated to implement the provisions of the Term Sheet. FISCAL NOTE: An unknown amount will be expended for financial and legal consultants to complete the development agreement, with such costs being an allowable TID expenditure.
• Sponsors: Sandy Weidner
• Related files: 06-1853

Date	Ver.	Action By	Action	Result
5/16/2006	A	Common Council	Adopted	Pass

Sponsor

Alderman Weidner

Title

POINTE BLUE DEVELOPMENT PROJECT

RESOLVED, that the Mayor and City Clerk be authorized and directed to enter into a 3-party agreement, namely the Pointe Blue Development Project Term Sheet, between the City, the Redevelopment Authority and Key Bridge Group, Inc.

FURTHER RESOLVED, that a development agreement be negotiated to implement the provisions of the Term Sheet.

FISCAL NOTE:  An unknown amount will be expended for financial and legal consultants to complete the development agreement, with such costs being an allowable TID expenditure.