City of Racine - File #: 0322-18

• File #: 0322-18
• Version: A
• Name: Wild Root Market Development Agreement (Res. 0115-18)
• Type: Communication
• Status: Passed
• File created: 3/28/2018
• In control: Finance and Personnel Committee
• Final action: 5/1/2018
• Title: Subject: (Direct Referral) Request by the Director of City Development for approval of the use of Intergovernmental Revenue Funds for the purpose of a development agreement/grant to Wild Root Market Cooperative for the construction of a cooperative market at 500 Walton Avenue and, further, authorize the RDA Executive Director and the RDA Chairman to negotiate and execute a development agreement resulting in a $390,000 grant if the terms of the development agreement are met. (Res. 0115-18) Recommendation of the Finance & Personnel Committee on 4/9/2018: To approve the use of Intergovernmental Revenue Funds for the purpose of a development agreement/grant to Wild Root Market Cooperative for the construction of a cooperative market at 500 Walton Avenue and, further, authorize the RDA Executive Director and the RDA Chairman to negotiate and execute a development agreement resulting in a $390,000 grant if the terms of the development agreement are met. The development agreement must be pre...

Date	Ver.	Action By	Action	Result
5/1/2018	A	Common Council	Approved	Pass
4/9/2018	A	Finance and Personnel Committee	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request by the Director of City Development for approval of the use of Intergovernmental Revenue Funds for the purpose of a development agreement/grant to Wild Root Market Cooperative for the construction of a cooperative market at 500 Walton Avenue and, further, authorize the RDA Executive Director and the RDA Chairman to negotiate and execute a development agreement resulting in a $390,000 grant if the terms of the development agreement are met. (Res. 0115-18)

Recommendation of the Finance & Personnel Committee on 4/9/2018: To approve the use of Intergovernmental Revenue Funds for the purpose of a development agreement/grant to Wild Root Market Cooperative for the construction of a cooperative market at 500 Walton Avenue and, further, authorize the RDA Executive Director and the RDA Chairman to negotiate and execute a development agreement resulting in a $390,000 grant if the terms of the development agreement are met. The development agreement must be presented to the Finance and Personnel Committee for approval.

Fiscal Note: Funds for the grant would come from the City's Intergovernmental Revenue Funds. There are sufficient funds in the account to support the grant.