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File #: 0852-19    Version: A Name: Subject: Communication sponsored by Mayor Mason for the acceptance of Revolving Loan Fund Supplemental Grant funds in the amount of $450,000 from the US Environmental Protection Agency (we will acquire a grant control number through the usual methodologie
Type: Communication Status: Passed
File created: 7/19/2019 In control: Finance and Personnel Committee
On agenda: 8/7/2019 Final action: 8/7/2019
Title: Subject: Communication sponsored by Mayor Mason for the acceptance of Revolving Loan Fund Supplemental Grant funds in the amount of $450,000 from the US Environmental Protection Agency. (Grant Control 0075) Recommendation of the Finance & Personnel Committee on 07-22-2019: To accept supplemental grant funds of $450,000 from the US Environmental Protection Agency (USEPA) for the City’s existing Brownfield Cleanup Revolving Loan Fund. Fiscal Note: There are no required matches to this funding. The current Brownfield Revolving Loan Fund balance is $1,281,201.66. A $1,200,000.00 loan is pending to the @NorthBeach Development Project (Royal Capital Group).
Attachments: 1. ABM USEPA Supplemental Funding Award Acceptance.pdf, 2. City of Racine Supplemental RLF Funding Application.pdf, 3. #0852-19 Resolution

Title

Subject: Communication sponsored by Mayor Mason for the acceptance of Revolving Loan Fund Supplemental Grant funds in the amount of $450,000 from the US Environmental Protection Agency. (Grant Control 0075)

 

Recommendation of the Finance & Personnel Committee on 07-22-2019: To accept supplemental grant funds of $450,000 from the US Environmental Protection Agency (USEPA) for the City’s existing Brownfield Cleanup Revolving Loan Fund.

 

Fiscal Note: There are no required matches to this funding. The current Brownfield Revolving Loan Fund balance is $1,281,201.66. A $1,200,000.00 loan is pending to the @NorthBeach Development Project (Royal Capital Group).