Subject: Communication sponsored by Mayor Mason, on behalf of the Director and Deputy Director of the Community Development Authority (CDA) seeking to utilize funds from the Intergovernmental (IG) Fund to purchase property at 1229 and 1230 6th Street. Recommendation of the Finance and Personnel Committee on 12-08-2025: That the Mayor, Finance Director, Clerk, City Attorney, or their designees be authorized to utilize up to $55,000.00 from the IG Fund for the acquisition of 1229 and 1230 6th Street and execute any necessary documents to expend these funds for the acquisition of the property by the CDA. Fiscal Note: The price as provided by Racine County would be $55,000.00 and is subject to approval; proposed funding for the acquisition would be from account #45260 52340 IG Redevelopment Activities.

What this record is

Amount

$55K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

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

Committee

Finance and Personnel Committee

Introduced

November 24, 2025

Passed

December 16, 2025

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