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File #: 0502-16    Version: A Name: This is an annual occurrence related to the certification of the RLF fund that RCEDC administers for the City of Racine. (Res No. 0222-16)
Type: Communication Status: Passed
File created: 6/3/2016 In control: Finance and Personnel Committee
On agenda: Final action: 6/21/2016
Title: Subject: Subject: Communication from the Director of City Development from the Racine County Economic Development Corporation (RCEDC) to present the annual certification of the RLF Fund that RCEDC administers for the City of Racine. (Res No. 0222-16) Recommendation of the Finance & Personnel Committee on 6/13/2016: That the City certify for the semi-annual reporting period ending March 31, 2016: the City-Revolving Loan Fund (City-RFL) Plan is consistent with and supportive of the area's current economic and adjustment strategy; and the City-FLF is being operated in accordance with the policies and procedures contained in the City-RLF Plan and the loan portfolio meets the standards contained therein. Fiscal Note: N/A
Attachments: 1. Communication to Mayor and CC- 6.2016, 2. 3.31.2016_City RLF_Plan Certification
Related files: Res.0222-16

Title

Subject: Subject: Communication from the Director of City Development from the Racine County Economic Development Corporation (RCEDC) to present the annual certification of the RLF Fund that RCEDC administers for the City of Racine. (Res No. 0222-16)

 

Recommendation of the Finance & Personnel Committee on 6/13/2016: That the City certify for the semi-annual reporting period ending March 31, 2016: the City-Revolving Loan Fund (City-RFL) Plan is consistent with and supportive of the area's current economic and adjustment strategy; and the City-FLF is being operated in accordance with the policies and procedures contained in the City-RLF Plan and the loan portfolio meets the standards contained therein.

 

Fiscal Note: N/A