City of Racine - File #: 14-10759

• File #: 14-10759
• Version: A
• Name: Sanchez (Res. No. 14-0495)
• Type: Communication
• Status: Passed
• File created: 11/13/2014
• In control: Loan Board of Review
• Final action: 12/2/2014
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Carlos Castelan-Sanchez and Cintia Sanchez to purchase 1236 Schiller Street, an NSP property. (Res. No. 14-0495) Recommendation of the Loan Board of Review on November 20, 2014: that the request of the Director of City Development to accept the offer, with contingencies, of Carlos Castelan-Sanchez and Cintia Sanchez to purchase 1236 Schiller Street be approved. Further recommend that the Mayor, City Clerk, and the Director of City Development be authorized to execute any documents necessary to complete the sale. Fiscal Note: This is a new home build under the NSP-3 program. The City will receive $86,000 in proceeds from the sale, minus commission and closing costs.
• Related files: Res.14-0495

Date	Ver.	Action By	Action	Result
12/2/2014	A	Common Council	Approved as Presented	Pass
11/20/2014	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 Carlos Castelan-Sanchez and Cintia Sanchez to purchase 1236 Schiller Street, an NSP property. (Res. No. 14-0495)

Recommendation of the Loan Board of Review on November 20, 2014:  that the request of the Director of City Development to accept the offer, with contingencies,  of Carlos Castelan-Sanchez and Cintia Sanchez to purchase 1236 Schiller Street be approved.

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

Fiscal Note: This is a new home build under the NSP-3 program.  The City will receive $86,000 in proceeds from the sale, minus commission and closing costs.