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12-8279
| A | | Racine Steel Acquisition 1425 N. Memorial Dr (Res. No. 12-3412) | Communication | Subject: (Direct Referral) Request of the Director of City Development for authorization to acquire the Racine Steel Property at 1425 N. Memorial Dr. (Res. No. 12-3412)
Recommendation of the Redevelopment Authority on 10-24-12: That the Authority reaffirms the desire to accept the transfer of the Property to its ownership, and that the Chairman, Executive Director, and City Attorney are authorized and directed to pursue and proceed with the transfer of the Property, including the execution of the necessary agreements, without further action by the Authority.
Further, that the Authority recommends that the Common Council provide funds to the Authority for expenses related to its acquisition of the Property through the Intergovernmental Revenue Sharing Fund, and that the Authority be informed of progress towards the acquisition of the Property.
Fiscal Note: Funds are available in the Intergovernmental Revenue Sharing Fund. | Recommended For Approval | Pass |
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12-8280
| A | | EPA Grant (Walker) (Res. No. 12-3413) | Communication | Subject: (Direct Referral) Request of the Interim Assistant Director of City Development for authorization to apply for an EPA Cleanup Grant for the Walker property. (Res. No. 12-3413)
Recommendation of the Redevelopment Authority on 10-24-12: The Redevelopment Authority hereby authorizes Brian F. O'Connell, Executive Director, or his authorized agent, to act on the behalf of the Redevelopment Authority of the City of Racine to submit an application to the US Environmental Protection Agency (EPA) to aid in site cleanup of 1129 Michigan Boulevard (aka the Walker Property), sign documents, and take necessary action to undertake, direct, and complete approved grant activities.
Fiscal Note: A $200,000 grant is being sought from the EPA. The grant requires a 20% match, the funds for which are available in the environmental remediation line item of the project plan for Tax Increment District 14. | Recommended For Approval | Pass |
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12-8285
| A | | Matching funds for RootWorks Implementation (Res. No. 12-3414) | Communication | Subject: (Direct Referral) Request from the Director of City Development seeking authorization to commit matching funds for implementation efforts related to the plan titled "RootWorks - Revitalizing Racine's Urban River Corridor, Root River Corridor Redevelopment Plan." (Res. No. 12-3414)
Recommendation of the Redevelopment Authority on 10-24-12: That the Authority supports the use of $40,000 from the Intergovernmental Revenue Sharing Fund (Sewer Agreement) to assist the Racine County Economic Development Corporation (RCEDC) in its role as lead partner in the implementation of the plan titled "RootWorks - Revitalizing Racine's Urban River Corridor, Root River Corridor Redevelopment Plan" (the Plan).
Further, that the Authority recommends to the Common Council the use of Sewer Agreement funds to assist RCEDC in its role as lead partner in the implementation of the Plan.
Fiscal Note: The City's funds of $40,000 will help leverage an additional $80,000 from two additional grant sources to support implementation efforts of the Plan. | Recommended For Approval | Pass |
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12-8103
| A | | Request of the Director of City Development to acquire non-residential real estate. (Res. No. 12-3415) | Communication | Subject: (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. | Recommended For Approval | Pass |
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12-8281
| A | | Uptown Redevelopment Project Assistance | Communication | Subject: (Direct Referral) Request of the Director of City Development to provide assistance for a redevelopment project in the Uptown area. | Received and Filed | Pass |
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