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Meeting Name: Redevelopment Authority of the City of Racine (inactive) Agenda status: Final
Meeting date/time: 9/4/2012 5:15 PM Minutes status: Final  
Meeting location: City Hall, Room 301
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
12-7869 A Façade grant programCommunicationSubject: Communication from the Alderman of the 11th District requesting that the façade grant program be amended to eliminate from consideration businesses that were part of a Business Improvement District for 6 years from the date on which the district was dissolved. Recommendation of the Redevelopment Authority on 9-4-12: That the item be received and filed. Fiscal Note: N/ARecommended to be Received and FiledPass Action details Not available
12-8104 A Closing Date Extension 1130 Washington AvenueCommunicationSubject: (Direct Referral) Request of the Director of City Development to extend the date of closing for the sale of 1130 Washington Avenue to September 28, 2012.ApprovedPass Action details Not available
12-8105 A 1418 Washington Avenue Option Extension (Res. No. 12-3331)CommunicationSubject: (Direct Referral) Request of the Director of City Development that the option granted for 1418 Washington Avenue be extended for 90 days. (Res. No. 12-3331) Recommendation of the Redevelopment Authority on 9-4-12: That the Common Council approve the 90-day extension of the option granted to Jessica Servantez for the property at 1418 Washington Avenue. The Common Council approved the original option on June 19, 2012 by resolution 12-3200. Fiscal Note: N/ARecommended For ApprovalPass Action details Not available
12-7778 A 1511 Washington Avenue Propsal (Res. No. 12-3332)CommunicationSubject: (Direct Referral) Communication from Ryan Douglas submitting a proposal for the Redevelopment Authority owned property at 1511 Washington Avenue. Recommendation of the Redevelopment Authority on 9-4-12: That pursuant to section 66.1333(9)(a)1.d., Wisconsin Statutes, the Common Council approve the action of the Authority granting a three-month option on the property at 1511 Washington Avenue to Ryan Douglas of LandQuest of Wisconsin. (Res. No. 12-3333) Fiscal Note: 1511 Washington Avenue was offered through a Request for Proposals (RFP) for one dollar ($1.00) contingent on the purchaser having a redevelopment plan consistent with the Uptown Plan. The option will allow Mr. Douglas to further refine his designs and cost estimates, negotiate financing from lenders and other funding sources, and obtain any necessary regulatory approvals. The Authority will receive a $1,000.00 earnest money option fee.Recommended For ApprovalPass Action details Not available
12-8103 A Request of the Director of City Development to acquire non-residential real estate. (Res. No. 12-3415)CommunicationSubject: (Direct Referral) Request of the Director of City Development to acquire non-residential real estate. (Res. No. 12-3415) Recommendation of the Redevelopment Authority on 10-24-12: That the Redevelopment Authority recommends that the Common Council, pursuant to sec. 66.1333 (5) (b) Wis. Stats., authorize and direct the Redevelopment Authority to acquire the property at 233 Lake Avenue (the Property). Further, that the Redevelopment Authority be directed to exercise its due diligence in the acquisition of the Property. Further, that the Common Council provide funds for deed transfer costs, and not less than $70,000 for related annual site holding costs. The Authority recommends that Intergovernmental Revenue Sharing Funds be used for this purpose, and that the Authority be informed of progress towards the acquisition of the Property. Fiscal Note: Funds are available in the accounts identified for this purpose.DeferredPass Action details Not available