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Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Joel Findley and Cindy Findley to purchase 3002 Arlington Avenue. (Res. No. 12-3236)
Recommendation of the Loan Board of Review on July 11, 2012: That the offer of Joel and Cindy Findley to purchase 3002 Arlington Avenue, as set forth in their offer dated July 2, 2012 and the counter-offer dated July 5, 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 $68,000 in proceeds, minus commissions and closing costs.