City of Racine - File #: 0288-23

• File #: 0288-23
• Version: A
• Type: Communication
• Status: Passed
• File created: 3/16/2023
• In control: Mayor's Office
• On agenda: 3/21/2023
• Final action: 3/21/2023
• Title: Subject: (Direct Referral) Request sponsored by Mayor Mason on behalf of City Development seeking permission to apply for a Wisconsin Economic Development Corporation (WEDC) Idle Site grant (Control # 00506) for Belle City Square Phase IV. Staff Recommendation: Permission be granted to the Mayor, City Clerk, Finance Director or their designee to apply for a $200,000 Idle Site grant (Control #00506) from the Wisconsin Economic Development Corporation (WEDC) to aid in the Redevelopment of the former Horlick Malted Milk site. Fiscal Note: There is a match of approximately $500,000 which will come from project costs associated with the larger project and will be provided by Developer.

Date	Ver.	Action By	Action	Result
3/21/2023	A	Common Council	Approved	Pass

Title

Subject: (Direct Referral) Request sponsored by Mayor Mason on behalf of City Development seeking permission to apply for a Wisconsin Economic Development Corporation (WEDC) Idle Site grant (Control # 00506) for Belle City Square Phase IV.

Staff Recommendation: Permission be granted to the Mayor, City Clerk, Finance Director or their designee to apply for a $200,000 Idle Site grant (Control #00506) from the Wisconsin Economic Development Corporation (WEDC) to aid in the Redevelopment of the former Horlick Malted Milk site.

Fiscal Note: There is a match of approximately $500,000 which will come from project costs associated with the larger project and will be provided by Developer.