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10-5745
| A | | Summit Packaging requet | Communication | Subject: Communication from the Director of City Development requesting that the City provide financial assistance to Summit Packaging Systems, Inc. for the expansion of its operations in the City of Racine. (Res.10-2264)
Recommendation of the Redevelopment Authority on 11-08-10: that the Authority supports the use of funds from the Intergovernmental Revenue Sharing account for financial assistance for Summit Packaging Systems, Inc., and that the financial assistance be conditioned upon Summit Packaging Systems, Inc., agreeing to give preference to City of Racine residents when filling open positions, and that the Mayor and City Clerk be authorized and directed to execute a financial assistance agreement with Summit Packaging Systems, Inc.
Fiscal Note: The proposed financial assistance is consistent with the provisions of sec. 46-268 of the Racine Municipal Code regarding the Intergovernmental Revenue Sharing (919) Account. Sufficient funds are available in the account.
Recommendation of the Finance & Personnel Committee on 11-08-10: That the Mayor and City Clerk be author | Recommended For Approval | Pass |
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