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Subject: (Direct Referral) Communication from Devin Sutherland, Executive Director of Downtown Racine Corporation requesting a facade grant increase of $15,000 during the 2008 - 2009 for businesses on 6th Street and Wisconsin between 6th Street and 7th Street.
Recommendation of Redevelopment Authority on 11-7-07: That the maximum facade grant be increased to $10,000.00 for facade improvements undertaken during 2008 and 2009. To adopt Redevelopment Authority Res. 07-21. Further recommends the item be referred to the Finance and Personnel Committee.
Recommendation of the Finance & Personnel Committee on 11-26-07: The facade grant maximum be increased from $7,500 to $10,000 for facade improvements undertaken during the 2008 and 2009 year.
Fiscal Note: There are sufficient funds available in the City's 2008 Capital Budget for the program.