City of Racine - File #: 0342-22

• File #: 0342-22
• Version: A
• Name: Amendment to the Contract created under Res. 0177-19
• Type: Communication
• Status: Passed
• File created: 5/6/2022
• In control: Community Development Block Grant Advisory Board
• On agenda: 5/17/2022
• Final action: 5/17/2022
• Title: Subject: Communication sponsored by Mayor Mason regarding an amendment to the contract created under Res. 0177-19 with the Racine Revitalization Partnership to increase the loan amount and extend the construction deadline. Recommendation of the CDBG Advisory Board on 5/9/2022: That the contract amendment to extend the deadline for initiating construction activities to 12/31/2022 and add up to $105,604.57 in program income for a total contract amount of up to $456,604.54 be approved. Fiscal Note: There are sufficient CDBG funds to fund the staff recommendation.

Date	Ver.	Action By	Action	Result
5/17/2022	A	Common Council	Approved as Presented	Pass
5/9/2022	A	Community Development Block Grant Advisory Board	Recommended For Approval	Pass

Title

Subject: Communication sponsored by Mayor Mason regarding an amendment to the contract created under Res. 0177-19 with the Racine Revitalization Partnership to increase the loan amount and extend the construction deadline.

Recommendation of the CDBG Advisory Board on 5/9/2022: That the contract amendment to extend the deadline for initiating construction activities to 12/31/2022 and add up to $105,604.57 in program income for a total contract amount of up to $456,604.54 be approved.

Fiscal Note: There are sufficient CDBG funds to fund the staff recommendation.