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Subject: Communication from the Executive Director of the Racine County Economic Development Corporation requesting that the City consider and approve the Industrial/Commercial Building Revolving Loan Fund Plan Certifications for the period ending September 30, 2011. (Res. 12-2933)
Recommendation of the Economic Development Committee on 1-17-12: That the September 30, 2011 Industrial/Commercial Building Revolving Loan Fund Plan Certifications be approved.
Fiscal Note: This fund was capitalized with $600,000 grant from EDA and $400,000 from the City of Racine to provide debt financing for redevelopment projects in the City.