Subject: Communication sponsored by Alder Turquoise-Davis, on behalf of the Community Development Authority of the City of Racine (CDA), requesting permission to acquire property owned by the City of Racine located at 1624 Holmes Avenue 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 Finance and Personnel Committee on 11-11-2024: That the property be transferred to 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. Fiscal Note: Transfer of the property will require $30 in recording fees. All future proceeds from the redevelopment, sale, minus commissions and fees, will be routed back as program income to the HOME program.

Committee

Finance and Personnel Committee

Introduced

November 5, 2024

On agenda

November 19, 2024

Passed

November 19, 2024