City of Racine - File #: 08-1970

• File #: 08-1970
• Version: A
• Name: Settlement with E.G. Developments, LLC & Champion environmental Services re: former Racine Steel Castings at 1425 North Memorial Drive.
• Type: Communication
• Status: Passed
• File created: 4/3/2008
• In control: Redevelopment Authority of the City of Racine
• Final action: 6/17/2008
• Title: Subject: Request to enter into a settlement with E.G. Developments, LLC and Champion Environmental Services, Inc. regarding the former Racine Steel Castings property at 1425 North Memorial Drive. Recommendation of the Committee of the Whole on 05-06-2008: that the Mayor and City Clerk be authorized and directed to enter into an agreement with E.G. Developments, LLC regarding the former Racine Steel Castings property at 1425 North Memorial Drive. Further recommend, that the Redevelopment Authority be authorized to acquire the property. Fiscal Note: Funds for the utility connections are available in the 208 Fund. Recommendation of the Redevelopment Authority on 6-4-08: To approve the proposed settlement and authorize the Mayor and City Clerk to execute the associated agreements and provide funding for the acquisition of the property. Further that Resolution 08-0835 be adopted. Fiscal Note: N/A
• Related files: Res.08-0835

Date	Ver.	Action By	Action	Result
6/17/2008	A	Common Council	Approved as Presented	Pass
6/4/2008	A	Redevelopment Authority of the City of Racine
5/20/2008	A	Common Council	Referred
5/6/2008	A	Committee of the Whole	Recommended For Approval	Pass
4/14/2008	A	Common Council	Referred

Title

Subject:  Request to enter into a settlement with E.G. Developments, LLC and Champion Environmental Services, Inc. regarding the former Racine Steel Castings property at 1425 North Memorial Drive.

Recommendation of the Committee of the Whole on 05-06-2008:  that the Mayor and City Clerk be authorized and directed to enter into an agreement with E.G. Developments, LLC regarding the former Racine Steel Castings property at 1425 North Memorial Drive.

Further recommend, that the Redevelopment Authority be authorized to acquire the property.

Fiscal Note:  Funds for the utility connections are available in the 208 Fund.

Recommendation of the Redevelopment Authority on 6-4-08: To approve the proposed settlement and authorize the Mayor and City Clerk to execute the associated agreements and provide funding for the acquisition of the property.

Further that Resolution 08-0835 be adopted.

Fiscal Note: N/A