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1120-16
| A | | 2017 Launch Box Contract (Res No. 0023-17) | Communication | Subject: Request by the Executive Director of the Redevelopment Authority recommending approval of a contract for 2017 small business development services between the City of Racine and Gateway Technical College for the operation of the Launch Box Co-working Space. (Res No. 0027-17)
Recommendation of the Redevelopment Authority on 1-9-16: That the contract and funding for the Launch Box Co-working Space through the City’s Intergovernmental Fund be approved and that the Mayor and City Clerk be authorized and directed to enter into an agreement with Gateway Technical College.
Recommendation of the Finance & Personnel Committee on 1/23/17: That the contract and funding for the Launch Box Co-working Space through the City’s Intergovernmental Fund be approved and that the Mayor and City Clerk be authorized and directed to enter into an agreement with Gateway Technical College.
Fiscal Note: The 2017 request from Launch Box is budgeted for $50,000, which is $49,930 less than the 2016 grant (total 2016 grant was $99,930). Funding for the request was budgeted within the City’s 2017 Capita | | |
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1121-16
| A | | 2017 Brownfields Contract (Res No. 0026-17) | Communication | Subject: Request by the Executive Director of the Redevelopment Authority recommending approval and renewal of a professional services contract between the City of Racine and the Racine County Economic Development Corporation (RCEDC) for the City's Brownfield Initiative. (Res No. 0026-17)
Recommendation of the Redevelopment Authority on 1-9-17: That the contract and funding for the City's Brownfield Initiative through the City’s Intergovernmental Fund be approved and that the Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC.
Recommendation of the Finance & Personnel Committee on 1/23/17: That the contract and funding for the City's Brownfield Initiative through the City’s Intergovernmental Fund be approved and that the Mayor and City Clerk be authorized and directed to enter into an agreement with RCEDC.
Fiscal Note: The 2017 professional services contract with RCEDC is budgeted for $70,000 and represents a 15% increase from the 2016 contract of $66,650.00. Funding for the request was budgeted within the City’s 2017 Capital Budget using Interg | | |
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1122-16
| A | | General Services Contract (Res No. 0024-17) | Communication | Subject: Request by the Executive Director of the Redevelopment Authority recommending approval and renewal of a professional services contract between the City of Racine and the Racine County Economic Development Corporation (RCEDC) for General Economic Development services. (Res No. 0024-17)
Recommendation of the Redevelopment Authority on 1-9-17: That the contract and funding through the City’s Intergovernmental Fund for General Economic Development Services be approved and that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC.
Recommendation of the Finance & Personnel Committee on 1/23/2017: That the contract and funding through the City’s Intergovernmental Fund for General Economic Development Services be approved and that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC.
Fiscal Note: The 2017 professional services contract with RCEDC is budgeted for $80,000 and represents a 15% increase from the 2016 contract. Funding for the request was budgeted within the City’s 2017 General Budget (Depart | | |
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1124-16
| A | | Culinary Infusions Tax Increment Incentive (Res No. 0025-17) | Communication | Subject: Request by the Executive Director of the Redevelopment Authority supporting an economic incentive from tax increment district #19 to Culinary Infusions at 2219 Washington Avenue for the renovation of the historic property toward the creation of an event facility. (Res No. 0025-17)
Recommendation of the Redevelopment Authority on 1-9-17: That the incentive for financial assistance from tax increment district #19 be approved subject to conditions and that the Mayor and City Clerk be authorized and directed to execute an agreement with Culinary Infusions.
Recommendation of the Finance & Personnel Committee on 1/23/17: That the incentive for financial assistance from tax increment district #19 be approved subject to conditions and that the Mayor and City Clerk be authorized and directed to execute an agreement with Culinary Infusions.
Fiscal note: The Incentive request is for a total of $80,971 over five years or $16,194 per year from TID #19 (Uptown). Because the incentive is a “pay-as-you-go” incentive, the private taxable investment will be made before the incentive will | | |
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1125-16
| A | | Presentation by General Capital Group, LLC | Communication | Subject: (Direct Referral) Request by the Executive Director of the Redevelopment Authority to receive and file a presentation regarding a predevelopment agreement between the RDA and General Capital Group, LLC for RDA-owned property located at 615 Marquette Street. | | |
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