City of Racine - File #: 1242-25

• 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: Introduced In Council
• File created: 11/24/2025
• In control: Finance and Personnel Committee
• 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. Staff Recommendation: 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.

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.

Staff Recommendation: 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.