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Subject: Communication sponsored by Alder West, on behalf of the Director of City Development, requesting the transfer of vacant property owned by the City of Racine, located at 1633 West Boulevard to the Community Development Authority of the City of Racine (CDA) for the purpose of blight elimination and redevelopment and that the Community Development Authority of the City of Racine acquire such property notwithstanding that it is not in an existing redevelopment plan.
Recommendation of the Finance and Personnel Committee on 08-28-2023: That the transfer of the property at 1633 West Boulevard from the City of Racine to the Community Development Authority be approved, and that it be found that a comprehensive redevelopment plan is not necessary to determine the need for the acquisition of the property at 1633 West Boulevard, the uses of the property after acquisition, and the relation of the acquisition to other property redevelopment by the Community Development Authority of the City of Racine. Further, that the City of Racine transfer such real estate to the Community Development Authority of the City of Racine and that the Community Development Authority of the City of Racine be permitted to acquire such real estate notwithstanding that it is not within an existing redevelopment plan. Finally, that the Mayor, City Clerk, and Executive Director of the CDA, or their designee(s), be authorized and directed to sign and execute all documents necessary to complete the property transfer.
Fiscal Note: Transfer of the property will require $30 in recording fees. Funding from the American Rescue Plan Act (ARPA) will support the construction of the new home.