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0595-22
| A | | Allocation of up to 200,000 | Communication | Subject: Communication sponsored by Mayor Mason requesting an allocation of up to $200,000 for Community Development Block Grant (CDBG)-funded economic development activities.
Recommendation of the CDBG Advisory Board on 8/11/2022: that the recommendation to the Common Council that $200,000 in FY 2021 CDBG funds be allocated to the Wisconsin Women’s business Initiative Corporation (WWBIC) for the provision of microenterprise (five or fewer employees, owner operated, low to moderate income) assistance with grants ranging from $5,000 - $15,000 and wrap around services providing technical assistance through training and one on one guidance be approved. Further, that the Mayor and City Clerk be authorized to execute all necessary written agreements.
Fiscal Note: Sufficient funds exist to satisfy the obligation incurred through this proposed action. | Recommended For Approval | Pass |
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0596-22
| A | | Policy Change | Communication | Subject: Policy change to allow homeowners to have only one open grant per owner occupied property at any time.
Recommendation: That the CDBG Advisory Board allow the policy addition “Homeowners participating in any home repair/enhancement program with the City of Racine may not simultaneously be awarded more than one grant at any time. Any grant from any source must be satisfied by the agreed upon terms of said grant agreement before owner may apply for another grant product.”
Fiscal Note: There is no fiscal impact | Adopted As Amended: | Pass |
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