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15-00484
| A | | HOME Funding 1520, 1536 Clark Street (Res No. 15-0241) | Communication | Subject: (Direct Referral) A request for HOME Housing Investment Partnership Grant funding assistance for the 1520 and 1536 Clark Street project. (Res No. 15-0241)
Recommendation of the Community Development Committee on 5-27-15: That the Mayor, City Clerk, and Director of City Development be authorized to execute a written agreement with Lutheran Social Services of Wisconsin and Michigan and Herman & Kittle Properties consistent with their application and federal regulations for $439,000 of HOME funds for the purposes of assisting 11 rental units at 1520 and 1536 Clark Street and, if any presumed funding is not available, staff and the appropriate officials are authorized to increase the level of assistance in the form of a forgivable loan or by decreasing interest rates. Conversely, if the project receives additional assistance from unanticipated sources, staff and the appropriate officials are authorized to increase interest rates and decrease the amount of forgivable loans.
Fiscal Note: The application was submitted in response to the request for proposals (RFP) issued by t | Recommended For Approval | Pass |
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15-00485
| A | | CDBG Budget Amendment RUSD 2014 Mentoring Program (Res No. 15-0242) | Communication | Subject: (Direct Referral) A request by the Racine Unified School District for an amendment to the CDBG Grant Agreement for the 2014 Mentoring program. (Res No. 15-0242)
Recommendation of the Community Development Committee on 5-27-15: That the request of the Racine Unified School District to revise its 2014 grant budget for the Mentoring Program be approved.
Further recommends that the Mayor and City Clerk be authorized to execute an amended grant agreement consistent with the revised budget.
Fiscal Note: The total 2014 Community Development Block Grant allocation to the Racine Unified School District Mentoring Program will remain unchanged at $25,000. | Recommended For Approval | Pass |
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