City of Racine - File #: 0402-22

• File #: 0402-22
• Version: A
• Type: Communication
• Status: Passed
• File created: 5/26/2022
• In control: Finance and Personnel Committee
• On agenda: 6/7/2022
• Final action: 6/7/2022
• Title: Subject: Communication sponsored by Mayor Mason requesting approval of a resolution accepting a grant award of $250,000 from the Wisconsin Economic Development Corporation Community Development Investment (WEDC CDI) Grant Program on behalf of Venture X Racine for the redevelopment of 440 Main Street. Recommendation of the Finance and Personnel Committee on 5-31-2022: That the request sponsored by Mayor Mason to approve a resolution supporting acceptance of a grant for $250,000 from the Wisconsin Economic Development Corporation Community Development Investment (WEDC CDI) Grant Program to Venture X Racine for the redevelopment of 440 Main Street be forwarded to the Common Council with a recommendation for approval and that the Mayor and City Clerk be authorized to execute grant and development agreements with WEDC and Venture X Racine as necessary. Fiscal Note: No additional City funds will be allocated as a result of this action. The grant control number is 00394. The grant does not ...

Date	Ver.	Action By	Action	Result
6/7/2022	A	Common Council	Approved as Presented	Pass
5/31/2022	A	Finance and Personnel Committee	Recommended For Approval

Title

Subject: Communication sponsored by Mayor Mason requesting approval of a resolution accepting a grant award of $250,000 from the Wisconsin Economic Development Corporation Community Development Investment (WEDC CDI) Grant Program on behalf of Venture X Racine for the redevelopment of 440 Main Street.

Recommendation of the Finance and Personnel Committee on 5-31-2022: That the request sponsored by Mayor Mason to approve a resolution supporting acceptance of a grant for $250,000 from the Wisconsin Economic Development Corporation Community Development Investment (WEDC CDI) Grant Program to Venture X Racine for the redevelopment of 440 Main Street be forwarded to the Common Council with a recommendation for approval and that the Mayor and City Clerk be authorized to execute grant and development agreements with WEDC and Venture X Racine as necessary.

Fiscal Note: No additional City funds will be allocated as a result of this action. The grant control number is 00394. The grant does not require a local match.