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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.
Attachments: 1. MEMO_HighlandTownhomes_5.9.2022, 2. #0342-22 Resolution

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.