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12-8322
| A | | 1130 Washington Avenue - Akil and City of Racine (Res. No. 12-3417) | Communication | Subject: (Direct Referral) Review of a development agreement between Akil, LLC and the Redevelopment Authority of the City of Racine for the property at 1130 Washington Avenue. (Res. No. 12-3417)
Recommendation of the Redevelopment Authority on 11-5-12: That the Redevelopment Authority report for the meeting of November 5, 2012 is approved, and that the Authority Chairman, Executive Director and City Attorney are authorized to enter into a Development Agreement with Akil, LLC for the property at 1130 Washington Avenue.
Fiscal Note: Akil, LLC is paying $10,000 for the property plus up to $2,000 towards the Authority's closing costs. Upon completion, total project value is estimated to exceed $1,200,000. | Recommended For Approval | Pass |
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12-8320
| A | | 2013 Brownfields Contract (Res. 12-3451) | Communication | Subject: (Direct Referral) Review of the 2013 Brownfields Contract for the Racine County Economic Development Corporation (RCEDC). (Res. 12-3451)
Recommendation of the Redevelopment Authority on 11-5-12: That the Authority supports the use of $56,650.00 from Intergovernmental Revenue Sharing Fund for the renewal of the RCEDC brownfields initiative contract for 2013.
Further, that the Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC.
Recommendation of the Finance & Personnel Committee on 11-26-12: The Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC as presented with the understanding that the Committee be contacted with more information prior to the next scheduled City Council meeting.
Fiscal Note: The funds are available in the city's 2013 capital budget. | Recommended For Approval | Pass |
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12-8321
| A | | 2013 Launch Box Contract (Res. 12-3452) | Communication | Subject: (Direct Referral) Review of the 2013 Launch Box Contract for the Racine County Economic Development Corporation (RCEDC). (Res. 12-3452)
Recommendation of the Redevelopment Authority on 11-5-12: that the Authority supports the use of $99,930.00 from the Intergovernmental Revenue Sharing Fund for the Launch Box small business initiative contract for 2013.
Further, that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC.
Recommendation of the Finance & Personnel Committee on 11-26-12: The Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC for the Launch Box Small Business Initiative.
Fiscal Note: The contract amount is $99,930.00; total cost is $148,930.00 City source is the Intergovernmental Revenue Sharing Fund; the expenditure is included in the 2013 capital budget, Account 919.000.5610. Outside grant funds to the RCEDC total $49,000.00 from the Wisconsin Energy Foundation, Racine County, and S.C. Johnson, A Family Company. | Recommended For Approval | Pass |
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