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Subject: Communication from Racine County Economic Development Corporation submitting its proposed 2010 agreement for the Brownfield redevelopment program. (Res.10-1795)
Recommendation of the Redevelopment Authority on 01-06-10: Whereas sec. 46-268 of the Racine Municipal Code calls for the Authority to advise the Common Council on the use of Intergovernmental Revenue Sharing (Sewer Agreement) Funds, the Authority recommends the use of $55,000.00 from the Intergovernmental Revenue Sharing Fund for the renewal of the RCEDC brownfield initiative contract for 2010.
Further recommends that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC.
Fiscal Note: The funds are available in the city's 2010 capital budget.
Recommendation of the Finance & Personnel Committee on 01-11-10: The Mayor and City Clerk be authorized and directed to enter into a 2010 agreement with the Racine County Economic Development Corporation (RCEDC) for the Brownfield Redevelopment program.
Fiscal Note: The assistance provided under the agreement will cost $55,000, no increase from 2009. Funding is available from Intergovernmental Sewer Revenue Sharing Funds which are included in the 2010 CIP.