City of Racine - File #: 0497-16

• File #: 0497-16
• Version: A
• Name: Request by the Executive Director to fund The Racine Redevelopment Partnership (RRP) for a grant of $150,000 to fund their organizational activities as a Community Housing Development Organization (CHDO). Funding will be provided through the newly created
• Type: Communication
• Status: Committee Report To Council
• File created: 6/2/2016
• In control: Redevelopment Authority of the City of Racine
• Final action: 6/21/2016
• Title: Subject: (Direct Referral) Request by the Executive Director of the Redevelopment Authority to fund The Racine Redevelopment Partnership (RRP) for a grant of $150,000 to fund their organizational activities as a Community Housing Development Organization (CHDO). (Res No. 0224-16) Recommendation of the Redevelopment Authority on 6-6-16: That a grant of $150,000 to the Racine Revitalization Partnership (The Partnership) to create a new Community Housing Development Organization (CHDO) be approved. Further that Mayor, City Clerk, the Executive Director of the Authority be authorized to execute a written agreement with The Partnership. Recommendation of the Finance & Personnel Committee on 6-13-16: That a grant of $150,000 to the Racine Revitalization Partnership (The Partnership) to create a new Community Housing Development Organization (CHDO) be approved. Further that Mayor, City Clerk, the Executive Director of the Authority be authorized to execute a written agreement with The Pa...
• Related files: Res.0224-16

Date	Ver.	Action By	Action	Result
6/21/2016	A	Common Council	Approved as Presented	Pass
6/13/2016	A	Finance and Personnel Committee	Recommended For Approval	Pass
6/6/2016	A	Redevelopment Authority of the City of Racine	Recommended For Approval

Title

Subject: (Direct Referral) Request by the Executive Director of the Redevelopment Authority to fund The Racine Redevelopment Partnership (RRP) for a grant of $150,000 to fund their organizational activities as a Community Housing Development Organization (CHDO).  (Res No. 0224-16)

Recommendation of the Redevelopment Authority on 6-6-16: That a grant of $150,000 to the Racine Revitalization Partnership (The Partnership) to create a new Community Housing Development Organization (CHDO) be approved.  Further that Mayor, City Clerk, the Executive Director of the Authority be authorized to execute a written agreement with The Partnership.

Recommendation of the Finance & Personnel Committee on 6-13-16: That a grant of $150,000 to the Racine Revitalization Partnership (The Partnership) to create a new Community Housing Development Organization (CHDO) be approved.  Further that Mayor, City Clerk, the Executive Director of the Authority be authorized to execute a written agreement with The Partnership.

Fiscal Note:  Funding will be provided through the newly created Uptown TID (TID No. 19). Funds from Intergovernmental Revenue Sharing Account will be used until TID increment is sufficient to reimburse the IG Funds Account.