City of Racine - File #: 0711-25

• File #: 0711-25
• Version: A
• Name: Subject: Communication sponsored by Mayor Mason, authorizing the Assistant Executive Director of the Community Development Authority of the City of Racine (CDA) to access funds from the City of Racine Brownfield Cleanup Revolving Loan Fund (BC-RLF) in the
• Type: Communication
• Status: Passed
• File created: 7/10/2025
• In control: Finance and Personnel Committee
• Final action: 8/6/2025
• Title: Subject: Communication sponsored by Mayor Mason, authorizing the Assistant Executive Director of the Community Development Authority of the City of Racine (CDA) to access funds from the City of Racine Brownfield Cleanup Revolving Loan Fund (BC-RLF) in the form of a 0% interest loan to the CDA for the environmental remediation at 526 Marquette Street. Recommendation of the Finance and Personnel Committee on 07-28-2025: That the Assistant Executive Director of the CDA, or his designee(s), be authorized to prepare and execute a loan with RCEDC BLP for up to $125,000 of the City of Racine’s USEPA Brownfield Cleanup to the CDA to aid in the remediation of 526 Marquette Street. Further, that the Director of City Development, Mayor, City Clerk, or their designee(s), or other required parties be authorized to sign all forms and documents necessary, and take necessary action to execute and facilitate the loan and undertake, direct and complete cleanup activities. Fiscal Note: The BC-RLF loan ...

Date	Ver.	Action By	Action	Result
8/6/2025	A	Common Council
7/28/2025	A	Finance and Personnel Committee
7/15/2025	A	Common Council	Referred

Title

Subject: Communication sponsored by Mayor Mason, authorizing the Assistant Executive Director of the Community Development Authority of the City of Racine (CDA) to access funds from the City of Racine Brownfield Cleanup Revolving Loan Fund (BC-RLF) in the form of a 0% interest loan to the CDA for the environmental remediation at 526 Marquette Street.

Recommendation of the Finance and Personnel Committee on 07-28-2025: That the Assistant Executive Director of the CDA, or his designee(s), be authorized to prepare and execute a loan with RCEDC BLP for up to $125,000 of the City of Racine’s USEPA Brownfield Cleanup to the CDA to aid in the remediation of 526 Marquette Street. Further, that the Director of City Development, Mayor, City Clerk, or their designee(s), or other required parties be authorized to sign all forms and documents necessary, and take necessary action to execute and facilitate the loan and undertake, direct and complete cleanup activities.

Fiscal Note: The BC-RLF loan of up to $125,000.00 will be made from a grant received from the USEPA. The City will not incur any fees for allowing the CDA to apply for the loan and the required 20% match would be repaid upon property transfer.