City of Racine - File #: 12-7872

• File #: 12-7872
• Version: A
• Name: Request of the Director of City Development to accept Ms. Laura Valreriano's offer to purchase 944 Villa Street. (Res. No. 12-3221)
• Type: Communication
• Status: Passed
• File created: 6/26/2012
• In control: Loan Board of Review
• Final action: 7/2/2012
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept Ms. Laura Valeriano's offer to purchase 944 Villa Street. (Res. No. 12-3221) Recommendation of the Loan Board on June 27, 2012: That the offer of Laura Valeriano to purchase 944 Villa Street, as set forth in her offer dated June 14, 2012 and the counter-offer dated June 22, 2012, be approved. Further recommends that the Mayor, the City Clerk and the Director of City Development be authorized to execute any documents necessary to complete the sale. Fiscal Note: The property was acquired and rehabilitated through the NSP-1 program. The city will receive $45,000 in proceeds, minus commissions and closing costs.
• Related files: Res.12-3221

Date	Ver.	Action By	Action	Result
7/2/2012	A	Common Council	Approved as Presented	Pass
6/27/2012	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development to accept Ms. Laura Valeriano's offer to purchase 944 Villa Street.  (Res. No. 12-3221)

Recommendation of the Loan Board on June 27, 2012:

That the offer of Laura Valeriano to purchase 944 Villa Street, as set forth in her offer dated June 14, 2012 and the counter-offer dated June 22, 2012, be approved.

Further recommends that the Mayor, the City Clerk and the Director of City Development be authorized to execute any documents necessary to complete the sale.

Fiscal Note: The property was acquired and rehabilitated through the NSP-1 program. The city will receive $45,000 in proceeds, minus commissions and closing costs.