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Subject: (Direct Referral) Request of the Assistant Executive Director for authorization to apply for a Wisconsin Economic Development Corporation Environmental Assessment Grant for the Racine Steel Castings property. (Res. No. 13-0094)
Recommendation of the Redevelopment Authority on 2-4-13: That the Redevelopment Authority hereby authorizes Brian F. O'Connell, Executive Director, or his authorized agent to act on behalf of the Authority to submit an application to Wisconsin Economic Development Corporation (WEDC) to aid in site assessment of 1425 North Memorial Drive (a/k/a the Racine Steel Castings property), sign documents, and take necessary action to undertake, direct, and complete approved grant activities.
Fiscal Note: The grant level ranges from $40,000 to $200,000 with a required 50% match from the City. Funds are available in the Intergovernmental Shared Revenue Account. The environmental firm of Symbiont has offered to prepare and submit the grant application, at no cost to the City, as part of their City-wide environmental services contract.