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Subject: (Direct Referral) Request by the Assistant Executive Director of the Redevelopment Authority seeking permission to apply for a $1,000,000 Idle Industrial Site Grant (Grant Control # 2014-041) for asbestos and lead remediation at the Machinery Row site from the Wisconsin Economic Development Corporation (WEDC). (Res. No. 14-0458)
Recommendation of the Redevelopment Authority on 11-6-14: That available funds and assistance be requested from the WEDC under the Idle Industrial Site Grant and that the rules for the program be complied with; and That the Executive Director, or his authorized agent, act on behalf of the Authority to: submit an application to the WEDC to aid in the removal of asbestos and lead in the Machinery Row site; sign documents; and take necessary action to undertake, direct, and complete approved grant activities.
Recommendation of the Finance and Personnel Committee on 11-10-14: That available funds and assistance be requested from the WEDC under the Idle Industrial Site Grant (Grant Control # 2014-041) and that the rules for the program be complied with; and
That the Executive Director, or his authorized agent, act on behalf of the Redevelopment Authority to: submit an application to the WEDC to aid in the removal of asbestos and lead in the Machinery Row site; sign documents; and take necessary action to undertake, direct, and complete approved grant application activities.
Fiscal Note: There is a local match of $3.3 million which will come from a variety of sources including private sector investment and eligible project plan line items from TID 18.