City of Racine - File #: 12-7936

• File #: 12-7936
• Version: A
• Name: (Direct Referral) Request of the Director of City Development for authorization to participate in the First Look program of the National Community StabilizationTrust (Res. No. 12-3263)
• Type: Communication
• Status: Passed
• File created: 7/17/2012
• In control: Loan Board of Review
• Final action: 8/6/2012
• Title: Subject: (Direct Referral) Request of the Director of City Development for authorization to participate in the First Look program of the National Community Stabilization Trust for the acquisition of foreclosed properties for the Neighborhood Stabilization Program. (Res. No. 12-3263) Recommendation of the Loan Board of Review on July 19, 2012: To authorize the Director of City Development to participate in the First Look Program of the National Community Stabilization Trust for the acquisition of foreclosed properties for the Neighborhood Stabilization Program, and to authorize him to make offers and close on properties offered through the program. Fiscal Note: There is no cost to the City to participate in the program.
• Related files: Res.12-3263

Date	Ver.	Action By	Action	Result
8/6/2012	A	Common Council	Approved as Presented	Pass
7/19/2012	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development for authorization to participate in the First Look program of the National Community Stabilization Trust for the acquisition of foreclosed properties for the Neighborhood Stabilization Program. (Res. No. 12-3263)

Recommendation of the Loan Board of Review on July 19, 2012: To authorize the Director of City Development to participate in the First Look Program of the National Community Stabilization Trust for the acquisition of foreclosed properties for the Neighborhood Stabilization Program, and to authorize him to make offers and close on properties offered through the program.

Fiscal Note: There is no cost to the City to participate in the program.