Subject: Communication sponsored by Mayor Mason, on behalf of the Finance Director, requesting authorization for the Mayor and City Clerk to enter into an interagency agreement with the City of Racine Community Development Authority to continue the housing programs using City direct Federal ARPA Funds for 2025 and 2026. Recommendation of the Finance and Personnel Committee on 11-11-2024: That the Mayor and City Clerk be authorized to enter into an interagency agreement with the City of Racine Community Development Authority to continue the housing programs using City direct Federal ARPA Funds for 2025 and 2026. Fiscal Note: Interagency agreement will be in the amount of $2,973,125 and will be spent over a two-year period. Specifically, $1,833,100 will be used for matching funds for housing grant in the Lincoln King Neighborhood. The remaining $840,025 will be used for blight elimination and neighborhood improvement City wide. Funds are available in Fund 229-City Direct ARPA.

Communication Passed Introduced November 7, 2024

What this record is

Amount: $2.97M
Runs until: November 7, 2026 68 days — goes back out to bid calculated from the contract term stated in the record
Type: contract

Read automatically from the title of the official record. The source document below is authoritative.