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Subject: Resolution No. 08-0835 of May 20, 2008, relating to the acquisition of the former Racine Steel Castings property at 1425 North Memorial Drive.
Recommendation: that Resolution No. 08-0835 be approved.
Fiscal Note: The $15,000.00 for utility connections is available in the "208" Industrial Development Fund. The $316,000 to satisfy the purchase agreement will be included in the city's long-range capital improvements budget.