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Meeting Name: Redevelopment Authority of the City of Racine (inactive) Agenda status: Final
Meeting date/time: 9/24/2012 6:00 PM Minutes status: Final  
Meeting location: City Hall, Room 306
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
12-8182 A US Economic Development Admin funds for Small Business Loans (RES No. 12-3364)CommunicationSubject: (Direct Referral) Consideration of authorization to accept US Economic Development Administration funds for small business loans. (RES No. 12-3364) Recommendation of the Redevelopment Authority on 9-24-12: That the Common Council authorize the acceptance of an increase in the US EDA grant by $100,000 to a total grant of $600,000; that the Common Council authorize the Executive Director of RCEDC, the City Finance Director, the Mayor, and City Clerk to accept from the US EDA the increased grant, segregate and restrict funds for a required local match of $100,000, and execute such amended grant agreement with the US EDA and RCEDC as may be necessary to implement this increase. Further, that this item be referred to the Finance and Personnel Committee of the Common Council for its review and approval. Recommendation of the Finance & Personnel Committee on October 8, 2012: Permission be granted for acceptance of an increase in the US EDA grant by $100,000 to a total grant of $600,000; that the Common Council authorize the Executive Director of RCEDC, the City Finance DRecommended For ApprovalPass Action details Not available
12-8183 A Closing date 1130 Washington Avenue Oct. 26CommunicationSubject: (Direct Referral) Request of the Director of City Development to extend the date of closing for the sale of 1130 Washington Avenue to October 26.ApprovedPass Action details Not available
12-8103 A Request of the Director of City Development to acquire non-residential real estate. (Res. No. 12-3415)CommunicationSubject: (Direct Referral) Request of the Director of City Development to acquire non-residential real estate. (Res. No. 12-3415) Recommendation of the Redevelopment Authority on 10-24-12: That the Redevelopment Authority recommends that the Common Council, pursuant to sec. 66.1333 (5) (b) Wis. Stats., authorize and direct the Redevelopment Authority to acquire the property at 233 Lake Avenue (the Property). Further, that the Redevelopment Authority be directed to exercise its due diligence in the acquisition of the Property. Further, that the Common Council provide funds for deed transfer costs, and not less than $70,000 for related annual site holding costs. The Authority recommends that Intergovernmental Revenue Sharing Funds be used for this purpose, and that the Authority be informed of progress towards the acquisition of the Property. Fiscal Note: Funds are available in the accounts identified for this purpose.Received and Filed  Action details Not available