Subject: Consideration of a request by the Community Development Authority through CDA Resolution 24-06 related to property owned by the City of Racine, located at 1644 S. Memorial Drive, for potential acquisition by the Community Development Authority of the City of Racine (CDA) for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area. Recommendation of the Community Development Authority on 03-18-24: That the Common Council find that a comprehensive redevelopment plan is not necessary to determine the need for the acquisition of the real estate at 1644 S. Memorial Drive by the Community Development Authority of the City of Racine, the uses of the property after acquisition, and the relation of the acquisition to other property redevelopment by the Community Development Authority of the City of Racine. Further, that the Community Development Authority of the City of Racine be permitted to acquire such real estate notwithstanding that it is not within an existing redevelopment plan area. Fiscal Note: N/A as the CDA will be acquiring the property and City funds will not be used for property acquisition or recording of necessary documents.

Committee

Community Development Authority

Introduced

March 15, 2024

On agenda

April 15, 2024

Passed

April 15, 2024