City of Racine - File #: 14-10560

• File #: 14-10560
• Version: A
• Name: 1721 Villa (Res. No. 14-0411)
• Type: Communication
• Status: Passed
• File created: 9/10/2014
• In control: Loan Board of Review
• Final action: 10/7/2014
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Marina M. Slack to purchase 1721 Villa, an NSP property. (Res. No. 14-0411) Recommendation of the Loan Board of Review on September 18, 2014: To approve the request of the Director of City Development to accept the offer of Marina M. Slack to purchase 1721 Villa Street, with contingencies as listed on attachment. Fiscal Note: The property was acquired and rehabilitated through the NSP-3 program. The city will receive $89,000 in proceeds minus commission and closing costs.

Date	Ver.	Action By	Action	Result
10/7/2014	A	Common Council	Approved as Presented	Pass
9/18/2014	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 Marina M. Slack to purchase 1721 Villa, an NSP property. (Res. No. 14-0411)

Recommendation of the Loan Board of Review on September 18, 2014:  To approve the request of the Director of City Development to accept the offer of Marina M. Slack to purchase 1721 Villa Street, with contingencies as listed on attachment.

Fiscal Note:  The property was acquired and rehabilitated through the NSP-3 program.  The city will receive $89,000 in proceeds minus commission and closing costs.