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0748-16
| A | | RDA Financial Report | Communication | Subject: RDA Financial Report. | Received and Filed | Pass |
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0749-16
| A | | RDA-Owned Property Report | Communication | Subject: RDA-Owned Property Report. | Received and Filed | Pass |
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0745-16
| A | | Dollar Building RFP Presentation | Communication | Subject: (Direct Referral) Request from the Executive Director to receive a presentation on the former "dollar building" Request for Proposals program for RDA-owned buildings within the Uptown District. | Received and Filed | Pass |
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0740-16
| A | | Stephen's Trucking CDBG Small Business (Res. No. 0319-16) | Communication | Subject: (Direct Referral) Request by the Executive Director authorizing a Community Development Block Grant (CDBG) Small Business Revolving Loan of $105,000 to Stephens Express Trucking, LLC as recommended by Wisconsin Women’s Business Initiative Corporation. (Res. No. 0319-16)
Recommendation of the Redevelopment Authority on 8-29-16: That the Mayor, City Clerk and Director of City Development be authorized to execute a written agreement with Stephens Express Trucking, LLC consistent with federal regulations for CDBG funds with loan assistance not to exceed $105,000 for the purpose of retaining an existing business and creating at least two full-time and two part-time jobs.
Fiscal Note: The Community Development Committee and Common Council allocated CDBG funds for the purposes of assisting small businesses through the 2016 Annual Plan. There are sufficient funds available in account 20045 (CDBG 2015) and 20046 (CDBG 2016) to support this loan request. | Recommended For Approval | Pass |
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0741-16
| A | | CDBG Small Business Loan R&B Grinding (Res. No. 0320-16) | Communication | Subject: (Direct Referral) Request by the Executive Director authorizing a Community Development Block Grant (CDBG) Small Business Revolving Loan of $506,815 to R&B Grinding Company, Inc. as recommended by the Racine County Economic Development Corporation Business Lending Partners. (Res. No. 0320-16)
Recommendation of the Redevelopment Authority on 8-29-16: That the Mayor, City Clerk, and Director of City Development be authorized to execute a written agreement with R&B Grinding Company, Inc. consistent with federal regulations for CDBG funds with loan assistance not to exceed $506,815 for the purpose of retaining an existing business and at least 20 employees with 11 (51%) from low to moderate income households.
Fiscal Note: The Community Development Committee and Common Council allocated CDBG funds for the purposes of assisting small businesses through the 2016 Annual Plan. There are sufficient funds available in account 20045 (CDBG 2015) and 20046 (CDBG 2016) to support this loan request. | Recommended For Approval | Pass |
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0348-16
| A | | Subject: (Direct Referral) A communication from the Interim Director of City Development seeking permission to accept a $470,800.00 grant from the Wisconsin Department of Natural Resources - Knowles Nelson Stewardship Grant for the acquistion of 5.575 acr | Communication | Subject: Communication from the Executive Director of the Redevelopment Authority for permission to accept a Knowles-Nelson grant of $470,750 from the Wisconsin Department of Natural Resources for the purposes of property acquisition for the “Machinery Row” portion of the Root River Promenade (Grant Control #00035). (Res. No. 0304-16)
Recommendation of the Redevelopment Authority on 8-29-16: That the grant acceptance be approved and the Chairman and the Executive Director of the Redevelopment Authority, Mayor and City Clerk be authorized to acquire the property, bring sufficient funds to the closing to close the transaction, acquire the reimbursement under the grant, and to take such actions and make such decisions necessary to carry out the intent of the attached resolution.
Staff Recommendation to the Finance and Personnel Committee on 8-31-2016: That the Finance and Personnel Committee recommend that the Common Council approve acceptance of the grant.
Fiscal Note: The grant is for $470,750. The developer is donating a grant match of fifty percent of the total appraised value ($ | Recommended For Approval | Pass |
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0742-16
| A | | FDP MR LLC Amendment (Res. No. 0305-16) | Communication | Subject: (Direct Referral) A request by the Executive Director authorizing a second amendment to the development agreement between FDP MR, LLC; Rodney A. Blackwell; the City of Racine; and the Redevelopment Authority of the City of Racine regarding the Machinery Row Development, subject to approval of the Amendment by the Common Council. (Res. No. 0305-16)
Recommendation of the Redevelopment Authority on 8-29-16: That the amendment to the development agreement be approved and that the Chairman and Executive Director of the Redevelopment Authority, Mayor, City Clerk, and City Staff be authorized to execute the Second Amendment, to expend funds in accordance with the Second Amendment, and to take such actions and make such decisions necessary to carry out the intent of the attached resolution.
Staff Recommendation to the Finance & Personnel Meeting on 8-31-2016: That the Finance and Personnel Committee recommend the Common Council approve, and authorize the Mayor and City Clerk to execute, the amendment to the development agreement to Common Council.
Fiscal Note: The second amendmen | Recommended For Approval | Pass |
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