City of Racine - File #: 11-6229

• File #: 11-6229
• Version: A
• Name: 1511 Washington Avenue proposals
• Type: Communication
• Status: Passed
• File created: 3/25/2011
• In control: Redevelopment Authority of the City of Racine
• Final action: 4/18/2011
• Title: Subject: (Direct Referral) Accepting a proposal and granting an option for the purchase and renovation of 1511 Washington Avenue. Recommendation of the Redevelopment Authority on 4-4-11: That the Common Council approve the report and action of the Redevelopment Authority granting Adam Caleb Buth an option to purchase and redevelop the Authority's property at 1511 Washington Avenue. The option shall be based on Adam Caleb Buth's proposal and the Authority's Request for Proposals. Fiscal Note: The sale price for the property will be one dollar conditioned on the rehabilitation of the property by Mr. Buth. Rehabilitation as proposed by Mr. Buth is estimated to cost $322,000.

Date	Ver.	Action By	Action	Result
4/18/2011	A	Common Council	Approved as Presented	Pass
4/4/2011	A	Redevelopment Authority of the City of Racine

Title

Subject: (Direct Referral) Accepting a proposal and granting an option for the purchase and renovation of 1511 Washington Avenue.

Recommendation of the Redevelopment Authority on 4-4-11: That the Common Council approve the report and action of the Redevelopment Authority granting Adam Caleb Buth an option to purchase and redevelop the Authority's property at 1511 Washington Avenue.  The option shall be based on Adam Caleb Buth's proposal and the Authority's Request for Proposals.

Fiscal Note: The sale price for the property will be one dollar conditioned on the rehabilitation of the property by Mr. Buth.  Rehabilitation as proposed by Mr. Buth is estimated to cost $322,000.