City of Racine - File #: 0852-19

• 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).

Date	Ver.	Action By	Action	Result
8/7/2019	A	Common Council	Approved as Presented	Pass
7/22/2019	A	Finance and Personnel Committee	Recommended For Approval	Pass

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).