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Subject: Authorization to acquire 1125 Grand Avenue from Racine County. (Res.09-1360)
Recommendation of the Loan Board of Review on 4-16-09: That the Common Council authorize the appropriate city officials to acquire 1125 Grand Avenue, a tax deliquent property from Racine County for renovation and resale.
Recommendation of the Committee of the Whole on 06-16-2009: to authorize the non-precedential acquisition of 1125 Grand Avenue from Racine County with federal foreclosure funds from the Neighborhood Stabilization Program, and that Resolution 09-1360 be adopted.
Fiscal Note: The acquisition and renovation will be funded through the Neighborhood Stabilization Program, federal foreclosure funds.
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