City of Racine - File #: 12-7540

• File #: 12-7540
• Version: A
• Name: Request of the Assistant Director of City Development to accept an Offer to Purchase 1124 Irving Place (NSP-1) (Res. 12-3073)
• Type: Communication
• Status: Passed
• File created: 3/28/2012
• In control: Loan Board of Review
• Final action: 4/4/2012
• Title: Subject: (Direct Referral) Request of the Assistant Director of City Development to accept an offer to purchase 1124 Irving Place (NSP-1). (Res. 12-3073) Recommendation of the Loan Board of Review on March 30, 2012: That the request be approved contingent on the buyer accepting the period of affordability deed restriction. Further recommend that the Mayor, City Clerk, and Assistant Director of City Development be authorized to execute any necessary selling documents. Fiscal Note: The City will receive $53,500 in proceeds, minus comissions and closing costs.
• Related files: Res.12-3073

Date	Ver.	Action By	Action	Result
4/4/2012	A	Common Council	Approved as Presented	Pass
3/30/2012	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Assistant Director of City Development to accept an offer to purchase 1124 Irving Place (NSP-1). (Res. 12-3073)

Recommendation of the Loan Board of Review on March 30, 2012: That the request be approved contingent on the buyer accepting the period of affordability deed restriction. Further recommend that the Mayor, City Clerk, and Assistant Director of City Development be authorized to execute any necessary selling documents.

Fiscal Note: The City will receive $53,500 in proceeds, minus comissions and closing costs.