Sponsor
Alderman Shakoor
Title
Racine Steel Castings Property
Resolved, that the Redevelopment Authority hereby authorizes Brian F. O'Connell, Executive Director, or his authorized agent to act on behalf of the Authority to submit an application to Wisconsin Economic Development Corporation (WEDC) to aid in site assessment of 1425 North Memorial Drive (a/k/a the Racine Steel Castings property), sign documents, and take necessary action to undertake, direct, and complete approved grant activities.
Fiscal Note: The grant level ranges from $40,000.00 to $200,000.00 with a required 50% match from the City. Funds are available in the Intergovernmental Shared Revenue Account. The environmental firm of Symbiont has offered to prepare and submit the grant application, at no cost to the City, as part of their City-wide environmental services contract.