City of Racine - File #: 11-6561

• File #: 11-6561
• Version: A
• Name: Communication from the Assistant Director of City Development requesting an "advance" from the City's general funds in the amount of $750,000, which will be repaid once the federal grant funds become available, in order to suballocate grant funds to nearl
• Type: Communication
• Status: Passed
• File created: 6/10/2011
• In control: Finance and Personnel Committee
• Final action: 6/21/2011
• Title: Subject: (Direct Referral) Communication from the Assistant Director of City Development requesting an "advance" from the City's general funds in the amount of $750,000, which will be repaid once the federal grant funds become available, in order to sub allocate grant funds to nearly 30 City departments. (Res. 11-2623) Recommendation of the Finance & Personnel Committee on 6-13-11: To approve an "advance" from the City's general funds in the amount of $750,000 in order to sub allocate grant funds to City HUD funded Programs. Fiscal Note: $750,000 which will be repaid once the federal grant funds become available.
• Related files: Res.11-2623

Date	Ver.	Action By	Action	Result
6/21/2011	A	Common Council	Approved as Presented	Pass
6/13/2011	A	Finance and Personnel Committee	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Communication from the Assistant Director of City Development requesting an "advance" from the City's general funds in the amount of $750,000, which will be repaid once the federal grant funds become available, in order to sub allocate grant funds to nearly 30 City departments. (Res. 11-2623)

Recommendation of the Finance & Personnel Committee on 6-13-11: To approve an "advance" from the City's general funds in the amount of $750,000 in order to sub allocate grant funds to City HUD funded Programs.

Fiscal Note:  $750,000 which will be repaid once the federal grant funds become available.