City of Racine - File #: 12-8285

• File #: 12-8285
• Version: A
• Name: Matching funds for RootWorks Implementation (Res. No. 12-3414)
• Type: Communication
• Status: Passed
• File created: 10/23/2012
• In control: Redevelopment Authority of the City of Racine
• Final action: 11/7/2012
• Title: Subject: (Direct Referral) Request from the Director of City Development seeking authorization to commit matching funds for implementation efforts related to the plan titled "RootWorks - Revitalizing Racine's Urban River Corridor, Root River Corridor Redevelopment Plan." (Res. No. 12-3414) Recommendation of the Redevelopment Authority on 10-24-12: That the Authority supports the use of $40,000 from the Intergovernmental Revenue Sharing Fund (Sewer Agreement) to assist the Racine County Economic Development Corporation (RCEDC) in its role as lead partner in the implementation of the plan titled "RootWorks - Revitalizing Racine's Urban River Corridor, Root River Corridor Redevelopment Plan" (the Plan). Further, that the Authority recommends to the Common Council the use of Sewer Agreement funds to assist RCEDC in its role as lead partner in the implementation of the Plan. Fiscal Note: The City's funds of $40,000 will help leverage an additional $80,000 from two additional grant source...
• Related files: Res.12-3414

Date	Ver.	Action By	Action	Result
11/7/2012	A	Common Council	Approved as Presented	Pass
10/24/2012	A	Redevelopment Authority of the City of Racine	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request from the Director of City Development seeking authorization to commit matching funds for implementation efforts related to the plan titled "RootWorks - Revitalizing Racine's Urban River Corridor, Root River Corridor Redevelopment Plan." (Res. No. 12-3414)

Recommendation of the Redevelopment Authority on 10-24-12: That the Authority supports the use of $40,000 from the Intergovernmental Revenue Sharing Fund (Sewer Agreement) to assist the Racine County Economic Development Corporation (RCEDC) in its role as lead partner in the implementation of the plan titled "RootWorks - Revitalizing Racine's Urban River Corridor, Root River Corridor Redevelopment Plan" (the Plan).

Further, that the Authority recommends to the Common Council the use of Sewer Agreement funds to assist RCEDC in its role as lead partner in the implementation of the Plan.

Fiscal Note: The City's funds of $40,000 will help leverage an additional $80,000 from two additional grant sources to support implementation efforts of the Plan.