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07-0990
| A | | Development proposal for 1321 State Street. | Communication | Subject: (Direct Referral). Request of the Dorsey Group, LLC to submit a development proposal for the Authority's property at 1321 State Street.
Recommendation of Redevelopment Authority on 8-1-07: That this item be deferred.
Recommendation of the Redevelopment Authority on 9-5-07: That the action of the Redevelopment Authority granting a 12 month option to the Dorsey Group, LLC/Commonwealth Development Corporation on the property at 1321 State Street (parcel ID no. 03200004) under the terms and conditions set forth in Authority resolution 07-18 be approved.
Fiscal Note: The developer will pay $1,660.00 for the option. Sale price for the property will be specified in the development agreement to be negotiated but is expected to be between $75,000 and $80,000 some or all of which may be deferred. | Deferred | Pass |
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07-0910
| A | | Communication from Alderman Shakoor requesting a status update on the former Racine Steel Casting property. | Communication | Subject: Communication from Alderman Shakoor requesting a status update on the former Racine Steel Casting property.
Recommendation of Redevelopment Authority on 8-1-07: That this item be deferred.
Recommendation of Redevelopment Authority on 5-7-08: To receive and file the request.
Fiscal Note: N/A | Deferred | Pass |
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07-0911
| A | | Communication from Alderman Shakoor requesting a status update on Homeward Bound property on Dr. ML King Drive. | Communication | Subject: Communication from Alderman Shakoor requesting a status update on Homeward Bound property on Dr. ML King Drive.
Recommendation of Redevelopment Authority on 8-1-07: That this item be deferred.
Recommendation of Redevelopment Authority on 2-12-08: That the communication be received and filed.
Fiscal Note: N/A | Deferred | Pass |
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07-0822
| A | | Funds for purchasing & demolition of structures on 1014 Dr. Martin Luther King. Jr. Drive | Communication | Subject: (Direct Referral) Request for an advance of funds from the Intergovernmental Revenue Sharing Fund for the purchase of and demolition of structures on 1014 Dr. Martin Luther King. Jr. Drive.
Recommendation of Redevelopment Authority on 6-22-07: That the item be deferred.
Recommendation of Redevelopment Authority on 8-1-07: To approve of and allocate funding for the acqusition and to adopt Redev. Resolution 07-15.
Fiscal Note: Funds would be advanced from the Intergovernmental Revenue Sharing Fund and repaid by Tax Increment District No. 15.
Further to refer to Finance and Personnel Committee.
Recommendation of the Finance & Personnel Committee on 8-13-07: Approve a $300,000 advance from Fund (919) Intergovernmental Revenue Sharing to TID #15 for the purchase and demolition of structures on 1014 Dr. Martin Luther King, Jr. Drive.
Fiscal Note: Funds are available in the Intergovernmental Revenue Sharing Fund, which will be reimbursed over time by the tax incremental district (TID-15) created for this project. | Recommended For Further Consideration | Pass |
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07-0991
| A | | Acquiring 1511 Washington Avenue. | Communication | Subject: (Direct Referral) Request of the Executive Director for authorization to acquire 1511 Washington Avenue.
Recommendation of Redevelopment Authority on 8-1-07: To approve of and allocate funding for the acquisition, and to adopt Redev. Resolution 07-16..
Fiscal Note: Funds would be advanced from the 820 Commercial Corridor Fund. Sufficient funds are available for this purpose.
Further to refer to Finance and Personnel Committee.
Recommendation of the Finance & Personnel Committee on 8-13-07: Approve the acquisition of the property at 1511 Washington Avenue with an advance from Fund 820 in the amount of $109,000.
Fiscal Note: $109,000. Funds are available in Fund 820. | Recommended For Further Consideration | Pass |
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