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Subject: (Direct Referral) Request by the Assistant Executive Director of the Redevelopment Authority to accept a $200,000 US-EPA Brownfield Cleanup Grant for 1425 North Memorial Drive (a.k.a. Racine Steel Casting property) (Grant Control #2014-031). (Res. No. 14-0292)
Recommendation of Finance & Personnel Committee on 7-9-14: Permission be granted to the Assistant Executive Director of the Redevelopment Authority to accept a $200,000 US-EPA Brownfield Cleanup Grant for 1425 North Memorial Drive (a.k.a. Racine Steel Casting property) (Grant Control #2014-031).
Further, that the Executive Director of City Development or his authorized agent act on the behalf of the Authority to implement the grant, sign documents, and take necessary action to undertake, direct and complete approved activities.
Fiscal Note: A 20% local match or $40,000 is required. Funds are available in the Intergovernmental Shared Revenue Account and from the City of Racine US-EPA Brownfield Clean-up Revolving Loan Fund (Grant Control #2014-031).