City of Racine - File #: Res.09-1669

• File #: Res.09-1669
• Version: A
• Name: Permission granted to advance funding for ARRA energy projects
• Type: Resolution
• Status: Passed
• File created: 11/3/2009
• In control: City Attorney's Office
• Final action: 11/3/2009
• Title: Permission granted to advance funding for ARRA energy projects Resolved, that up to $795,000 be advanced from City funds to begin work on ARRA Energy Projects with the stipulation that the City receive a letter guaranteeing the Federal Government will be issuing the funds and allowing the City to spend the money before they issue the City a line of credit. Fiscal Note: There are sufficient funds available for the advance.
• Sponsors: James Spangenberg
• Related files: 09-4294

Date	Ver.	Action By	Action	Result
11/3/2009	A	Common Council	Adopted	Pass

Sponsor

Alderman Spangenberg

Title

Permission granted to advance funding for ARRA energy projects

Resolved, that up to $795,000 be advanced from City funds to begin work on ARRA Energy Projects with the stipulation that the City receive a letter guaranteeing the Federal Government will be issuing the funds and allowing the City to spend the money before they issue the City a line of credit.  

Fiscal Note:  There are sufficient funds available for the advance.