Ricine Banner
File #: 1242-25    Version: A Name: Subject: Communication sponsored by Mayor Mason, on behalf of the Director and Deputy Director of the Community Development Authority (CDA) seeking to utilize funds from the Intergovernmental (IG) Fund to purchase property at 1229 and 1230 6th Street.
Type: Communication Status: Passed
File created: 11/24/2025 In control: Finance and Personnel Committee
On agenda: Final action: 12/16/2025
Title: Subject: Communication sponsored by Mayor Mason, on behalf of the Director and Deputy Director of the Community Development Authority (CDA) seeking to utilize funds from the Intergovernmental (IG) Fund to purchase property at 1229 and 1230 6th Street. Recommendation of the Finance and Personnel Committee on 12-08-2025: That the Mayor, Finance Director, Clerk, City Attorney, or their designees be authorized to utilize up to $55,000.00 from the IG Fund for the acquisition of 1229 and 1230 6th Street and execute any necessary documents to expend these funds for the acquisition of the property by the CDA. Fiscal Note: The price as provided by Racine County would be $55,000.00 and is subject to approval; proposed funding for the acquisition would be from account #45260 52340 IG Redevelopment Activities.
Attachments: 1. ABM-1229-1230-6th-street, 2. #1242-25 Resolution

Title

Subject: Communication sponsored by Mayor Mason, on behalf of the Director and Deputy Director of the Community Development Authority (CDA) seeking to utilize funds from the Intergovernmental (IG) Fund to purchase property at 1229 and 1230 6th Street.

 

Recommendation of the Finance and Personnel Committee on 12-08-2025: That the Mayor, Finance Director, Clerk, City Attorney, or their designees be authorized to utilize up to $55,000.00 from the IG Fund for the acquisition of 1229 and 1230 6th Street and execute any necessary documents to expend these funds for the acquisition of the property by the CDA.

 

Fiscal Note: The price as provided by Racine County would be $55,000.00 and is subject to approval; proposed funding for the acquisition would be from account #45260 52340 IG Redevelopment Activities.