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14-10645
| A | | Local Match for WI Coastal Management Grant - RootWorks (Res. No. 14-0414) | Communication | Subject: (Direct Referral) Request by Racine County Economic Development Corporation (RCEDC) for the City to provide local matching funds in an amount not to exceed $30,000 to augment funds from private partners, for a Wisconsin Coastal Management Grant for RootWorks Area Riverfront Planning. (Res. No. 14-0414)
Recommendation of the Redevelopment Authority on 10-6-2014: That the Authority recommends that funds be provided by the City to the Racine Economic Development Corporation (RCEDC) as matching funds, not to exceed $30,000, to augment funds anticipated from private partners to engage in riverfront area planning for areas adjacent to the Root River in the RootWorks area.
Further, that the City and RCEDC enter into a Memorandum of Understanding (MOU) to establish terms under which City funds shall be transferred to RCEDC.
Further, that the Mayor, Chairman of the Redevelopment Authority, and the City Clerk be authorized to execute the MOU.
Recommendation of the Finance and Personnel Committee on 10-14-14: That up to $30,000 be provided from the 919 Intergovernmental Shared | Recommended For Approval | Pass |
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14-10646
| A | | Matching Funds WI Coastal Management Grant - Machinery Row (Res. No. 14-0415) | Communication | Subject: (Direct Referral) Request by Racine County Economic Development Corporation for the City to provide local matching funds, in an amount not to exceed $66,000 for a Wisconsin Coastal Management Grant, for the Machinery Row stormwater/green infrastructure (hard costs) implementation. (Res. No. 14-0415)
Recommendation of the Redevelopment Authority on 10-6-14: That funds be provided by the City to the Racine County Economic Development Corporation, not to exceed $66,000, as a match to Wisconsin Costal Management funds for stormwater/green infrastructure facilities in areas adjacent to the Root River in the Machinery Row area.
Further, that the City and RCEDC enter into a Memorandum of Understanding (MOU) to establish the terms under which City funds will be transferred to RCEDC.
Further, that the Mayor, the Chairman of the Redevelopment Authority, and the City Clerk execute a MOU with RCEDC.
Recommendation of the Finance and Personnel Committee on 10-14-14: That up to $66,000 be provided from the 919 Intergovernmental Shared Revenue Fund to the Racine County Economic Dev | Recommended For Approval | Pass |
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