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Subject: (Direct Referral) Review of the 2014 Launch Box Contract for the Racine County Economic Development Corporation (RCEDC). (Res. No. 14-0063)
Recommendation of the Redevelopment Authority on 2-3-14: That the Authority supports the use of $99,930.00 from the Intergovernmental Revenue Sharing Fund for the Launch Box small business development initiative contract for 2014.
Further, that the Mayor and City Clerk be authorized and directed to enter into the agreement with Gateway Technical College.
Fiscal Note: Total cost is $113,930.00. City's contribution is $99,930.00 and funds are available in the City's 2014 capital budget under account 919.000.5612. Outside grant funds to Gateway total $14,000.00 from Racine County.
Recommendation of the Finance & Personnel Committee on 2-10-14: To authorize the Mayor and City Clerk to enter into the agreement with Gateway Technical College for the Launch Box small business development initiative contract for 2014.
Fiscal Note: City's contribution is $99,930.00 and funds are available in the City's 2014 capital budget under account 919.000.5612.