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File #: 0402-22    Version: A Name:
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 ...
Attachments: 1. MEMO- 440 Main Street CDI Acceptance, 2. #0402-22 Resolution

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.