Sponsor
Alderman Shakoor
Title
Intergovernmental Funds - $900,000.00
Resolved, that $900,000.00 from Intergovernmental Funds be allocated to the following:
$125,000.00 to the City Attorney’s Office for development and real estate-related work. Inasmuch as any of that allocation can be reimbursed as a legitimate TID-related expense, direct City staff to ensure those reimbursements occur to the fullest extent of the law.
$275,000.00 to RCEDC for consulting services related to economic development. Services would include communications, economic development planning, smart city design, transit, and working collaboratively with the private sector and Racine’s municipal neighbors.
$500,000.00 to RCEDC to contract for worker training services to City residents to prepare for construction-related jobs coming to the area. Preference shall be given to opportunities for matching funds. Quarterly updates will be provided to the Committee on the expenditure of the allocated funds.
Fiscal Note: Sufficient funds are available.