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File #: 0615-24    Version: Name:
Type: Communication Status: Passed
File created: 7/12/2024 In control: Community Development Authority
On agenda: Final action: 11/19/2024
Title: Subject: Consideration of a request by the Community Development Authority of the City of Racine (CDA) through Resolution 24-14 related to property owned by the City of Racine and located at 1624 Holmes Avenue for potential acquisition by the CDA for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area. Recommendation of the Community Development Authority on 09-30-2024: That the Common Council finds that a comprehensive redevelopment plan is not necessary to determine the need for the acquisition of the real estate at 1624 Holmes Avenue by the Community Development Authority of the City of Racine, the uses of the property after acquisition, and the relation of the acquisition to other property redevelopment by the Community Development Authority of the City of Racine. Further resolved, that the Community Development Authority of the City of Racine be permitted to acquire such real estate notwiths...
Attachments: 1. ABM - 1624 Holmes Avenue, 2. CDA Resolution 24-14, 3. #0615-24 Resolution

Title

Subject: Consideration of a request by the Community Development Authority of the City of Racine (CDA) through Resolution 24-14 related to property owned by the City of Racine and located at 1624 Holmes Avenue for potential acquisition by the CDA for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area.

 

Recommendation of the Community Development Authority on 09-30-2024: That the Common Council finds that a comprehensive redevelopment plan is not necessary to determine the need for the acquisition of the real estate at 1624 Holmes Avenue by the Community Development Authority of the City of Racine, the uses of the property after acquisition, and the relation of the acquisition to other property redevelopment by the Community Development Authority of the City of Racine.

 

Further resolved, that the Community Development Authority of the City of Racine be permitted to acquire such real estate notwithstanding that it is not within an existing redevelopment plan area.

 

Fiscal Note: N/A as the CDA will be acquiring the property and City funds will not be used for property acquisition or recording of necessary documents.