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11-7071
| A | | Ground Lease amendment 1828 DeKoven Avenue | Communication | Subject: (Direct Referral) Communication from Steve Rick on behalf of AT&T requesting an amendment to the ground lease at 1828 DeKoven Avenue for a back-up generator. | Approved | Pass |
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11-7072
| A | | Lease extension 1402 State Street | Communication | Subject: (Direct Referral) Communication from Ivan Davalos requesting to extend the term of his lease for 1402 State Street. | Approved | Pass |
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11-7073
| A | | Subject: (Direct Referral) Communication from the Executive Director requesting authorization to acquire 1437 Owen Avenue in the Uptown area. (Resolution No. 11-2830) | Communication | Subject: (Direct Referral) Communication from the Executive Director requesting authorization to acquire 1437 Owen Avenue in the Uptown area. (Resolution No. 11-2830)
Recommendation of the Redevelopment Authority on 11-8-11: That the Common Council, pursuant to sec. 66.1333 (5) (b) Wis. Stats., authorize and direct the Redevelopment Authority to acquire the property at 1437 Owen Avenue.
Fiscal Note: The property at 1437 Owen Avenue (parcel ID no.09296000) is blighted property due to extensive fire damage. The owner of the property has offered to transfer the property to the Authority at no cost; the Authority would be responsible for demolition and incidental costs. Demolition of the building and associated expenses are expected to cost $13,000.000. The Authority has funding for a residential redevelopment project in the Uptown Improvement Program. The redevelopment would consist of the construction of an in-fill single family home and sale to owner-occupants. Funds are available in the TID-16 plan and the S.C. Johnson grant for this purpose. | Recommended For Approval | Pass |
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11-7074
| A | | Subject: (Direct Referral) Communication from Gordon Kacala of Racine County Economic Development Corporation requesting authorization to apply for and accept a matching grant from the US Economic Development Administration to recapitalize the City's Indu | Communication | Subject: (Direct Referral) Communication from Gordon Kacala of Racine County Economic Development Corporation requesting authorization to apply for and accept a matching grant from the US Economic Development Administration to recapitalize the City's Industrial/Commercial Building Revolving Loan Fund. (Res. 11-7074)
Recommendation of the Redevelopment Authority on 11-8-11: that the Authority supports the use of funds from the Intergovernmental Revenue Sharing Fund to match a grant from the US EDA for recapitalizing the Industrial/Commercial Building Revolving Loan Fund.
Further recommends, that the Executive Director of RCEDC be authorized and directed on behalf of the City of Racine to apply for and to accept from the US EDA the proposed grant.
Further recommends, that the Finance Director be authorized and directed to segregate and restrict in a separate account five hundred thousand dollars ($500,000.00) from the Intergovernmental Revenue Sharing account no. 919.000.1180 for the local match for the grant.
Further recommends, that the Mayor and City Clerk be authorized | Recommended For Approval | Pass |
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11-6868
| A | | Subject: (Direct Referral) Communication from the Director of City Development submitting proposals for the redevelopment of 1130 Washington Avenue. (Resolution No. 11-2831) | Communication | Subject: (Direct Referral) Communication from the Director of City Development submitting proposals for the redevelopment of 1130 Washington Avenue. (Resolution No. 11-2831)
Recommendation of the Redevelopment Authority on 11-8-11: That the Common Council approve the granting of an option to purchase the Authority-owned properties at 1116 through 1152 Washington Avenue and 1309 Eleventh Street to Akil Ajmeri (d.b.a. Akil, LLC) for redevelopment consistent with his proposal dated August 30, 2011 and Redevelopment Authority resolution 11-17.
Fiscal Note: Redevelopment Authority resolution 11-17 is an attachment to this item. The option is for six months during which Mr. Ajmeri would obtain regulatory approvals and satisfy contingencies. Mr. Ajmeri will pay a $1,000 option fee and $10,000 for the property upon closing. He has proposed to develop a gas station, convenience store and sandwich shop, and car wash. | Recommended For Approval | Pass |
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