City of Racine - File #: 14-10161

• File #: 14-10161
• Version: A
• Name: (Direct Referal) Request of the Director of City Development to accept the offer of Meredith Faulk to purchase 2024 Center St., an NSP-3 property. (Res. No. 14-0234)
• Type: Communication
• Status: Passed
• File created: 5/12/2014
• In control: Loan Board of Review
• On agenda: 5/15/2014
• Final action: 5/20/2014
• Title: Subject: (Direct Referal) Request of the Director of City Development to accept the offer of Meredith Faulk to purchase 2024 Center St., an NSP-3 property. (Res. No. 14-0234) Recommendation of the Loan Board of Review on May 15, 2014: To approve the request of the Director of City Development to accept the offer of Meredith Faulk to purchase 2024 Center Street, an NSP-3 property. Fiscal Note: The property was acquired and renovated through the NSP-3 program. The City will receive $85,000 in proceeds, minus commissions and closing costs.
• Related files: Res.14-0234

Date	Ver.	Action By	Action	Result
5/20/2014	A	Common Council	Approved as Presented	Pass
5/15/2014	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referal) Request of the Director of City Development to accept the offer of Meredith Faulk to purchase 2024 Center St., an NSP-3 property. (Res. No. 14-0234)

Recommendation of the Loan Board of Review on May 15, 2014:

To approve the request of the Director of City Development to accept the offer of Meredith Faulk to purchase 2024 Center Street, an NSP-3 property.  

Fiscal Note:  The property was acquired and renovated through the NSP-3 program.  The City will receive $85,000 in proceeds, minus commissions and closing costs.