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0531-16
| A | 1. | Bond Refinancing (Res Nos. 0266-16 & 0296-16) | Communication | Subject: Communication from the General Manager Presenting a Refinancing Opportunity for a 2007 Bond Issue - Brad Viegut from R. W. Baird Invited to the Meeting (Res Nos. 0266-16 & 0296-16)
Recommendation of the Racine Waterworks Commission on 6/28/16: To approve
Recommendation of the Finance & Personnel Committee on 7/25/16: Approve refinancing the callable maturities of the April 7, 2007 Water System Mortgage Revenue Refunding Bonds for calendar years 2017-2020.
Fiscal Note: Refinancing of this bond issue has the potential of saving the Water Utility approximately $365,000 over the remaining five years of the loan. | Recommended For Approval | Pass |
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0613-16
| A | 2. | Communication from the Finance Director requesting to have Brad Viegut, our representative from Robert W. Baird & Co., appear before the Finance and Personnel Committee at their next scheduled meeting on Monday, July 25, 2016 to discuss our 2016 borrowing | Communication | Subject: Communication from the Finance Director requesting to have Brad Viegut, our representative from Robert W. Baird & Co., appear before the Finance and Personnel Committee at their next scheduled meeting on Monday, July 25, 2016 to discuss our 2016 borrowing for budgeted Capital Projects. (Res No. 0267-16)
Recommendation of the Finance & Personnel Committee on 7/25/16: Approve the financing plan for 2016 Capital Projects and issuance of note anticipation notes as presented.
Fiscal Note: Note anticipation notes of approximately $11,735,000 will be issued to fund projects and equipment as adopted in the 2016 budget. | Recommended For Approval | Pass |
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0618-16
| B | 3. | Request to apply & accept the 2017 Urban Forestry Grant of $25,000 for Ash Tree Felling & Removal (Res No. 0268-16) | Communication | Subject: Communication from the Director of Parks, Recreation and Cultural Services requesting permission to apply & accept 2017 Urban Forestry Grant Funds of $25,000 from the Wisconsin Department of Natural Resources for Ash Tree Felling & Removal. Match Required. Grant Control #00108. (Res No. 0268-16)
Recommendation of the Finance & Personnel Committee on 7/25/16: Apply for & accept the 2017 Urban Forestry Grant Funds of $25,000 from the Wisconsin Department of Natural Resources for Ash Tree Felling & Removal. Grant Control #00108.
Fiscal Note: A $25,000 required grant match will be available through 2017 CIP - Ash Tree Felling & Removal. | Recommended For Approval | Pass |
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0614-16
| A | 4. | Communicaton from the Director of PRCS to present a contract proposal for the operation of the Racine Zoo (Res No. 0269-16) | Communication | Subject: Communication from the Director of Parks, Recreation & Cultural Services requesting to present a contract proposal for the continued operation of the Racine Zoological Society to the Finance & Personnel Committee. (Res No. 0269-16)
Recommendation of the Finance & Personnel Committee on 7/25/16: Approve the operating agreement for Racine Zoological Gardens for the three year period 2017-2019.
Fiscal Note: The 2017 cost to the City will be $547,036 and will be adjusted annually based upon the consumer price index. | Recommended For Approval | Pass |
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0505-16
| A | 5. | A Communication from the Assistant Director/Principal Planner of the Redevelopment Authority for authorization to accept a $200,000.00 USEPA Brownfield Cleanup Grant for cleanup of the south lot of 1425 North Memorial Drive (aka the Racine Steel Castings | Communication | Subject: A communication from the Executive Director of the Redevelopment Authority for authorization to accept a $200,000.00 USEPA Brownfield Cleanup Grant for cleanup of the south lot of 1425 North Memorial Drive (aka the Racine Steel Castings property). (Res No. 0270-16)
Recommendation of the Redevelopment Authority on 7-25-16: That a $200,000.00 USEPA Brownfield Cleanup grant for the south lot of 1425 Memorial Drive (aka the Racine Steel Castings property) be accepted for the purposes of creating brownfield reports, studies and conducting clean-up activities.
Recommendation of the Finance & Personnel Committee on 7-25-16: That a $200,000.00 USEPA Brownfield Cleanup grant for the south lot of 1425 Memorial Drive (aka the Racine Steel Castings property) be accepted for the purposes of creating brownfield reports, studies and conducting clean-up activities control #00091.
Fiscal Note: A 20% local match is required and the City has committed to a grant match of $40,000.00. Funds are available in the Intergovernmental Revenue Sharing Org. 45260. | Recommended For Approval | Pass |
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0617-16
| A | 6. | claim of Trisha Commodore | Claim | Subject: Communication from the City Attorney submitting the claim of Trisha Commodore for consideration.
Recommendation of the Finance & Personnel Committee on 7/25/16: That the claim of Trisha Commodore be denied.
Fiscal Note: N/A | Recommended For Denial | Pass |
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