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Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Tasha Coleman to purchase 900 Park Avenue. (Res. No. 12-3333)
Recommendation of the Loan Board of Review on September 13, 2012: To approve the request of the Director of City Development to accept the offer of Tasha Coleman to purchase 900 Park Avenue, with contingencies as listed on attachment.
Fiscal Note: The property was acquired and rehabilitated through the NSP-1 program. The city will receive $63,900 in proceeds minus commission and closing costs.