City of Racine - File #: 15-01014

• File #: 15-01014
• Version: A
• Name: 931 Center (Res No. 15-0445) & (Res No. 15-0472)
• Type: Communication
• Status: Passed
• File created: 11/19/2015
• In control: Loan Board of Review
• Final action: 12/1/2015
• Title: Subject: (Direct Referral) Request of the Interim Director of City Development to accept the offer of Mr. Eric W. Gasparich and Mrs. Jenilee L. Gasparich to purchase 931 Center, an NSP property. (Res No. 15-0445) & (Res No. 15-0472) Recommendation of the Loan Board of Review on November 23, 2015: To approve the request of the Interim Director of City Development to accept the offer of Mr. Eric W. Gasparich and Mrs. Jenilee L. Gasparich to purchase 931 Center, with contingencies as listed on attachment in Legistar. Fiscal Note: This home was newly constructed under the NSP-1 program. the City will receive $89,999 in proceeds from the sale, minus commission and closing costs.
• Related files: Res.15-0445, Res.15-0472

Date	Ver.	Action By	Action	Result
12/1/2015	A	Common Council	Approved as Presented	Pass
11/23/2015	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Interim Director of City Development to accept the offer of Mr. Eric W. Gasparich and Mrs. Jenilee L. Gasparich to purchase 931 Center, an NSP property. (Res No. 15-0445) & (Res No. 15-0472)

Recommendation of the Loan Board of Review on November 23, 2015:  To approve the request of the Interim Director of City Development to accept the offer of Mr. Eric W. Gasparich and Mrs. Jenilee L. Gasparich to purchase 931 Center, with contingencies as listed on attachment in Legistar.

Fiscal Note:  This home was newly constructed under the NSP-1 program.  the City will receive $89,999 in proceeds from the sale, minus commission and closing costs.