City of Racine - File #: 0111-20

• File #: 0111-20
• Version: A
• Type: Communication
• Status: Passed
• File created: 2/18/2020
• In control: Community Development Block Grant Advisory Board
• Final action: 3/3/2020
• Title: Subject: (Direct Referral) A communication sponsored by Mayor Mason authorizing the Mayor and City Clerk to enter into a written agreement with the Community Development Authority of the City of Racine consistent with federal regulation for $100,000.00 of CDBG funds for the purpose of administering the CDBG Microenterprise Revolving Loan Fund. Recommendation of the CDBG Advisory Board on 2/20/20: That the authorization of the Mayor and City Clerk to enter into a written agreement with the Community Development Authority of the City of Racine for $100,000.00 of CDBG funds for the purpose of administering the CDBG Microenterprise Revolving Loan Fund be approved. Fiscal Note: Sufficient CDBG resources are available to fund this agreement.

Date	Ver.	Action By	Action	Result
3/3/2020	A	Common Council	Approved as Presented	Pass
2/20/2020	A	Community Development Block Grant Advisory Board	Recommended For Approval	Pass

Title

Subject: (Direct Referral) A communication sponsored by Mayor Mason authorizing the Mayor and City Clerk to enter into a written agreement with the Community Development Authority of the City of Racine consistent with federal regulation for $100,000.00 of CDBG funds for the purpose of administering the CDBG Microenterprise Revolving Loan Fund.

Recommendation of the CDBG Advisory Board on 2/20/20: That the authorization of the Mayor and City Clerk to enter into a written agreement with the Community Development Authority of the City of Racine for $100,000.00 of CDBG funds for the purpose of administering the CDBG Microenterprise Revolving Loan Fund be approved.

Fiscal Note: Sufficient CDBG resources are available to fund this agreement.