Title
Subject: (Direct Referral) Communication from the Mayor requesting, From Intergovernmental Funds, an allocation of $900,000 to the following: (Res. 0078-18)
$125,000 to the City Attorney’s Office for development and real estate-related work. Inasmuch as any of that allocation can be reimbursed as a legitimate TID-related expense, direct City staff to ensure those reimbursements occur to the fullest extent of the law.
$275,000 to RCEDC for consulting services related to economic development. Services would include communications, economic development planning, smart city design, transit, and working collaboratively with the private sector and Racine’s municipal neighbors.
$500,000 to RCEDC to contract for worker training services to City residents to prepare for construction-related jobs coming to the area. Preference shall be given to opportunities for matching funds.
Recommendation of the Finance & Personnel Committee on 3/12/2018: That $900,000 from Intergovernmental Funds be allocated to the following:
$125,000 to the City Attorney’s Office for development and real estate-related work. Inasmuch as any of that allocation can be reimbursed as a legitimate TID-related expense, direct City staff to ensure those reimbursements occur to the fullest extent of the law.
$275,000 to RCEDC for consulting services related to economic development. Services would include communications, economic development planning, smart city design, transit, and working collaboratively with the private sector and Racine’s municipal neighbors.
$500,000 to RCEDC to contract for worker training services to City residents to prepare for construction-related jobs coming to the area. Preference shall be given to opportunities for matching funds.
Quarterly updates will be provided to the Committee on the expenditure of the allocated funds.
Fiscal Note: Sufficient funds are available.