City of Racine - File #: 15-00202

• File #: 15-00202
• Version: A
• Name: Lambert (Res No. 15-0127)
• Type: Communication
• Status: Passed
• File created: 3/3/2015
• In control: Loan Board of Review
• Final action: 3/17/2015
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Mr. John B. Lambert III to purchase 1643 Villa, a HOME property. (Res No. 15-0127) Recommendation of the Loan Board of Review on March 5, 2015: To approve the request of the Director of City Development to accept the offer of Mr. John B. Lambert III to purchase 1643 Villa, with contingencies as listed on attachment. Fiscal Note: This is a new home build under the HOME program. The City will receive $88,500 in proceeds from the sale, minus commission and closing costs.
• Related files: Res.15-0127

Date	Ver.	Action By	Action	Result
3/17/2015	A	Common Council	Approved as Presented	Pass
3/5/2015	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Mr. John B. Lambert III to purchase 1643 Villa, a HOME property. (Res No. 15-0127)

Recommendation of the Loan Board of Review on March 5, 2015:  To approve the request of the Director of City Development to accept the offer of Mr. John B. Lambert III to purchase 1643 Villa, with contingencies as listed on attachment.

Fiscal Note:  This is a new home build under the HOME program.  The City will receive $88,500 in proceeds from the sale, minus commission and closing costs.