City of Racine - File #: Res.0115-18

• File #: Res.0115-18
• Version: A
• Name: Cooperative Market at 500 Walton Avenue
• Type: Resolution
• Status: Passed
• File created: 4/16/2018
• In control: City Attorney's Office
• On agenda: 5/1/2018
• Final action: 5/1/2018
• Title: Cooperative Market at 500 Walton Avenue Resolved, that 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 is approved. Further resolved, that the RDA Executive Director and the RDA Chairman are authorized to negotiate and execute a development agreement resulting in a $390,000.00 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.
• Sponsors: Q.A. Shakoor II

Date	Ver.	Action By	Action	Result
5/1/2018	A	Common Council	Approved	Pass

Sponsor

Alderman Shakoor

Title

Cooperative Market at 500 Walton Avenue

Resolved, that 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 is approved.

Further resolved, that the RDA Executive Director and the RDA Chairman are authorized to negotiate and execute a development agreement resulting in a $390,000.00 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.