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Meeting Name: Finance and Personnel Committee Agenda status: Final
Meeting date/time: 11/11/2019 5:00 PM Minutes status: Final  
Meeting location: City Hall, Room 307
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
1259-19 A Subject: Communication sponsored by Alderman Shakoor, II presenting the financing plan for the refunding of the 2019 Capital Project Note Anticipation NoteCommunicationSubject: Communication sponsored by Alderman Shakoor II., presenting the financing plan for the refunding of the 2019 Capital Project Note Anticipation Note. Recommendation of the Finance & Personnel Committee on 11-11-2019: The $14,330,000 2019 Note Anticipation Note issued October 1, 2019 be refinanced as presented. Fiscal Note: No new money will be included in the issue. Payments to run through 2033.Recommended For ApprovalPass Action details Not available
1268-19 A Subject: Communication sponsored by Mayor Mason requesting the attached Ajax Incentive Agreement be approved.CommunicationSubject: Communication sponsored by Mayor Mason requesting the Ajax Incentive Agreement be approved. Recommendation of the Finance and Personnel Committee on 11-11-19: Approve of the Developer Incentive Agreement between the City of Racine, Racine RDA, and Cardinal Capital Management, Inc., for the Redevelopment of 141 units of new multi-family housing on the RDA-owned, former Walker Manufacturing- Ajax industrial property at 1520 and 1536 Clark Street in Uptown. Fiscal Note: The FY2019 CIP Budget for the I. G. funds contained the first $500,000 for the site remediation and parking incentive; and the FY2020 I.G. Budget contains the other $500,000. Under the 11-year TID, since it is pay-as-you-go, The Developer must first pay all taxes in order to have 90% of said payments then returned as an incentive, leaving the remaining 10% for the TID to repay a portion of the $1M in incentive. The estimate is that the Developer will receive $2,900,961 in TID increment capture rebates; while the City is expected to get back an estimated $322,324 during the 11-year capture life of the TID. The Recommended For ApprovalPass Action details Not available
1204-19 A Subject: Resolution for the City of Racine to file a declaration of Official Intent to reimburse for funds expended for the Wastewater Treatment Plant Upgrade (CWFLP) Fiscal Note: The Racine Water Utility is applying for a Safe Drinking Water Fund LoaCommunicationSubject: Resolution for the City of Racine to file a declaration of Official Intent to reimburse for funds expended for the Wastewater Treatment Plant Upgrade (CWFLP) Recommendation of the Wastewater Commission: To Approve Recommendation of the Finance & Personnel Committee on 11-11-2019: That permission be granted to the general manager of the Wastewater Utility to file a declaration of Official Intent to reimburse for funds expended for the Wastewater Treatment Plant Upgrade (CWFLP) Fiscal Note: The Racine Water Utility is applying for a Safe Drinking Water Fund Loan. It may expend internal funds that would be reimbursed by loan proceeds in the futureRecommended For ApprovalPass Action details Not available
1208-19 A Permission for the General Manager of the Water Utility to enter a Declaration of Official Intent with the City of Racine for reimbursement of the Plant Pumping Improvements projectCommunicationSubject: Resolution for the City of Racine to file a Declaration of Official Intent to reimburse for funds for the Plant Pumping Improvements project (SDWLP) Recommendation of the Waterworks Commission: To Approve. Recommendation of the Finance & Personnel Committee on 11-11-2019: That permission be granted to the general manager of the Water Utility to file a Declaration of Official Intent to reimburse for funds for the Plant Pumping Improvements project (SDWLP). Fiscal Note:Passage of this resolution will allow the Racine Water Utility to reimburse itself for any funds advanced for planning and engineering ahead of a loanRecommended For ApprovalPass Action details Not available
1214-19 A Permission for the General Manager of the Water Utility to be authorized to file applications for Financial Assistance from the State of Wisconsin Environmental Improvement FundCommunicationSubject: Request for the General Manager of the Water Utility to be named the authorized representative for Financial Assistance Loans from the State of Wisconsin Environmental Improvement Fund. Recommendation of the Waterworks Commission: To Approve. Recommendation to the Finance & Personnel Committee on 11-11-2019: That permission be granted to the general manager of the Water Utility to be named the authorized representative for Financial Assistance Loans from the State of Wisconsin Environmental Improvement Fund. Fiscal Note: N/A - As part of the loan process, the State requires that an authorized representative be appointed. General Manager, Keith Haas, shall be appointed.Recommended For ApprovalPass Action details Not available
1249-19 A Subject: Communication sponsored by Alder Coe requesting review and approval of the 2020 Operating Plan for Business Improvement District No.1, Downtown.CommunicationSubject: Communication sponsored by Alder Coe requesting review and approval of the 2020 Operating Plan for Business Improvement District No.1, Downtown Recommendation of the Finance & Personnel Committee on 11-11-2019: To approve the Business Improvement District No. 1, Downtown, proposed 2020 Operating Plan and direct the Finance Director to include the Districts special charges on the 2019 property tax bills of affected parcels. Fiscal Note: It is estimated that $197,578.00 will be raised through bid assessments to be placed into the Downtown Business Improvement District revenue account.Recommended For ApprovalPass Action details Not available
1266-19 A Subject: Communication sponsored by Mayor Mason requesting permission to pursue a partnership with WE Energies' Solar Now project for a 600 kilowatt revenue- generating ground-mount solar array installed at Olsen Prairie Park.CommunicationSubject: Communication sponsored by Mayor Mason requesting permission to pursue a partnership with WE Energies' Solar Now project for a 600 kilowatt revenue- generating ground-mount solar array installed at Olsen Prairie Park. Recommendation of the Finance and Personnel Committee on 11-11-19: To approve. Recommendation of the Board of Parks, Recreation & Cultural Services on 11-13-19: To approve. Fiscal Note: Anticipated revenue approximately $26,151 annually payable in equal monthly installments of $2,179 for 30 years ($784,530 total).Recommended For ApprovalPass Action details Not available
1260-19 A Subject: Communication sponsored by Alder Perez requesting language be added to the employee handbook that would permit employees, who have a conceal carry permit, to bring their weapon into the building and to conceal carry while on duty.CommunicationSubject: Communication sponsored by Alder Perez requesting language be added to the employee handbook that would permit employees, who have a conceal carry permit, to bring their weapon into the building and to conceal carry while on duty. Recommendation of the Finance & Personnel Committee on 11-11-2019: None at this time. Fiscal Note: N/AFailed  Action details Not available
1237-19 A  CommunicationSubject: Communication sponsored by Alder Shakoor, II. on behalf of the Finance Director submitting the presentation of 3rd Quarter 2019 Fiscal Results. Recommendation of the Finance & Personnel Committee on 11-11-2019: To Receive and File. Fiscal Note: N/AReceived and FiledPass Action details Not available
1212-19 A Subject: Communication sponsored by Alder Shakoor, II submitting the claim of Robert Eppler for consideration for disallowance.CommunicationSubject: Communication sponsored by Alder Shakoor, II on behalf of the City Attorney's office submitting the claim of Robert Eppler for consideration for disallowance. Recommendation of the Finance & Personnel Committee on 11-11-2019: That the claim of Robert Eppler be disallowed. Fiscal Note: N/ARecommended For ApprovalPass Action details Not available