City of Racine - File #: 0508-21

• File #: 0508-21
• Version: A
• Type: Communication
• Status: Passed
• File created: 6/24/2021
• In control: Finance and Personnel Committee
• Final action: 7/20/2021
• Title: Subject: Communication sponsored by Mayor Mason requesting the attached resolution in support of the Board of Commissioners of Public Lands loan for the purpose of financing development for the Belle City Square Project (Horlick Malted Milk Site). Recommendation of the Finance and Personnel Committee on 07-12-2021: That the resolution be approved Fiscal Note: The loan not to exceed $4,000,000. Loan will be a 10 year term with a 3% interest rate.

Date	Ver.	Action By	Action	Result
7/20/2021	A	Common Council	Approved as Presented	Pass
7/12/2021	A	Finance and Personnel Committee	Recommended For Approval	Pass

Title

Subject: Communication sponsored by Mayor Mason requesting the attached resolution in support of the Board of Commissioners of Public Lands loan for the purpose of financing development for the Belle City Square Project (Horlick Malted Milk Site).

Recommendation of the Finance and Personnel Committee on 07-12-2021: That the resolution be approved

Fiscal Note: The loan not to exceed $4,000,000.  Loan will be a 10 year term with a 3% interest rate.