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File #: Res.0051-17    Version: A Name: RDA Resolution No. 17-05 - Redevelopment Authority Budget
Type: Resolution Status: Passed
File created: 2/22/2017 In control: City Attorney's Office
On agenda: 2/22/2017 Final action: 2/22/2017
Title: RDA Resolution No. 17-05 - Redevelopment Authority Budget Resolved, that funding allocated to the Redevelopment Authority (RDA) in various accounts in the 2017 City budget are to be consolidated into a single allocation account in order to better track projects of the Authority. Fiscal Note: Funds have been appropriated in the 2017 City budget for the programs and projects of the RDA. $100,000.00 of Business Development, $250,000.00 of Redevelopment Activities and $300,000.00 of Land Improvements for a total of $650,000.00 will be consolidated in the Allocation account. All RDA project expenditures will then be processed out of Racine Redevelopment Authority Fund 950.
Sponsors: Q.A. Shakoor II
Related files: 102-17

Sponsor

Alderman Shakoor

 

Title

RDA Resolution No. 17-05 - Redevelopment Authority Budget

 

Resolved, that funding allocated to the Redevelopment Authority (RDA) in various accounts in the 2017 City budget are to be consolidated into a single allocation account in order to better track projects of the Authority.

 

Fiscal Note: Funds have been appropriated in the 2017 City budget for the programs and projects of the RDA. $100,000.00 of Business Development, $250,000.00 of Redevelopment Activities and $300,000.00 of Land Improvements for a total of $650,000.00 will be consolidated in the Allocation account. All RDA project expenditures will then be processed out of Racine Redevelopment Authority Fund 950.