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14-9724
| A | | Financial Assistance (Res. No. 14-0041) | Communication | Subject: (Direct Referral) Consideration of financial assistance for the relocation and expansion of an existing business. (Res. No. 14-0041)
Recommendation of the Redevelopment Authority on 1-16-14: That the Authority supports the use of funding from the Intergovernmental Revenue Sharing Fund for the financial assistance for Altus Vinyl LLC.
Further that the Authority recommends that the financial assistance be conditioned upon Altus Vinyl LLC agreeing to expand in Racine, acquire and relocate to 1907 St. Patrick Street, and give preference to City of Racine residents when filling open positions.
Further that the Mayor and City Clerk be authorized and directed to execute a financial assistance agreement with Altus Vinyl LLC in substantially the same form as outlined in the Memorandum from RCEDC attached to this file.
Fiscal Note:The funds are available in the Intergovernmental Revenue Sharing (919) Account. | Recommended For Approval | Pass |
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14-9725
| A | | Financial Assistance Expansion (Res. No. 14-0042) | Communication | Subject: (Direct Referral) Consideration of financial assistance for the expansion of an existing business. (Res. No. 14-0042)
Recommendation of the Redevelopment Authority on 1-16-14: That the Authority supports the use of funding from the Intergovernmental Revenue Sharing Fund for the financial assistance for Marlo Incorporated.
Further, that the Authority recommends that the financial assistance be conditioned upon Marlo Incorporated agreeing to expand at 2227 South Street, Racine, and give preference to City of Racine residents when filling open positions.
Further, that the Authority recommends that the Mayor and City Clerk be authorized and directed to execute a financial assistance agreement with Marlo Incorporated in substantially the same form as outlined in the Memorandum from RCEDC attached to this file.
Fiscal Note: The funds are available in the Intergovernmental Revenue Sharing (919) Account. | Recommended For Approval | Pass |
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13-9690
| A | | MOA 1129 Michigan Boulevard (Res. No. 14-0043) | Communication | Subject: (Direct Referral) Review of a memorandum of understanding between the City of Racine and Redevelopment Authority of the City of Racine for the status of the property at 1129 Michigan Boulevard (Harborside Property). (Res. No. 14-0043)
Recommendation of the Redevelopment Authority on 1-16-14: That the City and the Redevelopment Authority enter into a Memorandum of Agreement for the maintenance, general oversight and eventual transfer of ownership from the City to the Redevelopment Authority for the Harborside Parcel, as outlined in the Memorandum of Understand document attached to this file.
Further, that the Mayor of the City and the Chairman of the Redevelopment Authority, and their representives as indicated in the attached Memorandum of Understanding document, be authorized and directed to execute said document for the maintenance, general oversight and eventual transfer of ownership of the Harborside Parcel.
Fiscal Note: Costs will be addressed through funds secured from the US EPA and WEDC, TID 14, Intergovernmental Shared Revenue Fund, Capital Improvement Budg | Recommended For Approval | Pass |
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