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0967-21
| A | | Communication for allocation of up to $112,500.00 | Communication | Subject: Communication sponsored by Mayor Mason for an allocation of up to $112,500.00 to be provided to the City of Racine Department of Parks, Recreation, and Cultural Services for extension of operational hours at qualifying community centers.
Recommendation of the Community Development Block Grant Advisory Board on 12/6/2021: That up to $150,000.00 in CDBG funds be allocated to the City of Racine Department of Parks, Recreation, and Cultural Services for extension of operational hours at qualifying community centers.
Fiscal Note: This allocation will be funded by the FY 2022 CDBG allocation. | Recommended For Approval | Pass |
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0968-21
| A | | Amendments | Communication | Subject: Communication sponsored by Mayor Mason requesting amendments to the CDBG, CDBG-CV and ESG-CV contracts executed pursuant to Resolution #0673-20 and #0519-20 to extend the expiration dates until June 30, 2022.
Recommendation of the Community Development Block Grant Advisory Board on 12/06/21: That the CDBG Advisory Board approve amendments to the CDBG, CDBG-CV and ESG-CV contracts executed to date to extend the expiration date until June 20, 2022.
Fiscal Note: The total CDBG, CDBG-CV and ESG-CV contract budgets will remain unchanged. | Recommended For Approval | Pass |
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0971-21
| A | | Communication amending resolution #1317-19 | Communication | Subject: Communication sponsored by Mayor Mason amending Resolution #1317-19 and requesting permission to authorize a HOME Multifamily Loan with Brinshore Development for up to $300,000 related to the St. Paul Commons project.
Recommendation of the Community Development Block Grant Advisory Board on 12/7/2021: That an amendment to Resolution #1317-19 for an increase in the loan amount from $250,000 to $300,000 be approved, and that the Mayor and City Clerk be authorized to execute a HOME loan to Brinshore Development related to the St. Paul Commons project for up to $300,000 at 1% interest with a 20-year term. Mortgage, promissory note, land use restriction agreement, and HOME agreement, and necessary subordinations to be signed at closing after demonstrating full project financing and a completed HUD Part 58 environmental review.
Fiscal Note: This item increases the total amount of HOME funds loaned to the St. Paul Commons project to an amount not to exceed $300,000 total. There are sufficient HOME funds available to meet this request. All principal and interest would be returned | Recommended For Approval | Pass |
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0969-21
| A | | | Communication | Subject: Request from Carolyn McNeil of 1209 Dr. Martin Luther King Jr. Drive for a CDBG Home Repair Loan. | Approved | Pass |
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0973-21
| A | | Loan Policy Additions | Communication | Subject: CDBG Loan Policy Additions | Approved | Pass |
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0972-21
| A | | | Communication | Subject: Consideration of loan modifications or forgiveness for a homeowner repair loan
Staff Recommendation: To be Discussed
Fiscal Note: To be Discussed | Approved | Pass |
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