City of Racine - File #: Res.14-0434

• File #: Res.14-0434
• Version: A
• Name: Purchase of 1634 Howe
• Type: Resolution
• Status: Passed
• File created: 10/21/2014
• In control: City Attorney's Office
• Final action: 10/21/2014
• Title: Purchase of 1634 Howe Resolved, that the request of the Director of City Development to accept an offer from Jimmy Wai Lou to purchase 1634 Howe, an NSP-3 property, with contingencies, is authorized. Further resolved, that the Mayor, the City Clerk, and the Director of City Development are authorized to execute any documents necessary to complete the sale. Fiscal Note: The property was acquired and rehabilitated through the NSP-3 program. The City will receive $45,600.00 in proceeds minus commission and closing costs.
• Sponsors: Dennis Wiser
• Related files: 14-10670

Date	Ver.	Action By	Action	Result
10/21/2014	A	Common Council	Adopted	Pass

Sponsor

Alderman Wiser

Title

Purchase of 1634 Howe

Resolved, that the request of the Director of City Development to accept an offer from Jimmy Wai Lou to purchase 1634 Howe, an NSP-3 property, with contingencies, is authorized.

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

Fiscal Note: The property was acquired and rehabilitated through the NSP-3 program. The City will receive $45,600.00 in proceeds minus commission and closing costs.