City of Racine - File #: 12-8305

• File #: 12-8305
• Version: A
• Name: Subject: Communication from the Racine County Economic Development Corporation (RCEDC) requesting to present the semi-annual plan certifications for periods ending Mary 31, 2012 and September 30, 2012 for the City Revolving Loan Fund (City-RLF). (Res. No.
• Type: Communication
• Status: Passed
• File created: 10/29/2012
• In control: Finance and Personnel Committee
• On agenda: 11/7/2012
• Final action: 11/20/2012
• Title: Subject: Communication from the Racine County Economic Development Corporation (RCEDC) requesting to present the semi-annual plan certifications for periods ending May 31, 2012 and September 30, 2012 for the City Revolving Loan Fund (City-RLF). (Res. No. 12-3419) Recommendation of the Finance & Personnel Committee on November 12, 2012: That the City certify for the reporting periods ending March 31, 2012 and September 30, 2012 that the City of Racine Revolving Loan Fund (City-RLF) Plan is consistent with and supportive of the area’s current economic development strategy, and the City-RLF is being operated in accordance with the policies and procedures contained in the City-RLF Plan, and the City-RLF loan portfolio meets the standards contained therein; Further recommends that Executive Director of RCEDC be authorized and directed to submit the semi-annual certification to the US Economic Development Administration . Fiscal Note: N/A
• Related files: Res.12-3419

Date	Ver.	Action By	Action	Result
11/20/2012	A	Common Council	Approved as Presented	Pass
11/12/2012	A	Finance and Personnel Committee
11/7/2012	A	Common Council	Referred

Title

Subject: Communication from the Racine County Economic Development Corporation (RCEDC) requesting to present the semi-annual plan certifications for periods ending May 31, 2012 and September 30, 2012 for the City Revolving Loan Fund (City-RLF). (Res. No. 12-3419)

Recommendation of the Finance & Personnel Committee on November 12, 2012: That the City certify for the reporting periods ending March 31, 2012 and September 30, 2012 that the City of Racine Revolving Loan Fund (City-RLF) Plan is consistent with and supportive of the area's current economic development strategy, and the City-RLF is being operated in accordance with the policies and  procedures contained in the City-RLF Plan, and the City-RLF loan portfolio meets the standards contained therein;

Further recommends that Executive Director of RCEDC be authorized and directed to submit the semi-annual certification to the US Economic Development Administration .

Fiscal Note:  N/A