City of Racine - File #: Res.14-0100

• File #: Res.14-0100
• Version: A
• Name: Acquire Property at 1116 Villa Street
• Type: Resolution
• Status: Passed
• File created: 3/4/2014
• In control: City Attorney's Office
• Final action: 3/4/2014
• Title: Acquire Property at 1116 Villa Street Resolved, that City Development take the necessary steps to acquire the deteriorated residential property at 1116 Villa Street. Further resolved, that the Mayor, City Clerk, and Director of City Development are authorized to execute any documents necessary to complete the acquisition. Fiscal Note: The purchase of this foreclosed property is $11,000.00. Demolition and closing costs are estimated at $14,000.00 for a total cost of $25,000.00. CDBG funds are available from the Neighborhood Impact Project.
• Sponsors: Dennis Wiser
• Related files: 14-9802

Date	Ver.	Action By	Action	Result
3/4/2014	A	Common Council	Adopted	Pass

Sponsor

Alderman Wiser

Title

Acquire Property at 1116 Villa Street

Resolved, that City Development take the necessary steps to acquire the deteriorated residential property at 1116 Villa Street.

Further resolved, that the Mayor, City Clerk, and Director of City Development are authorized to execute any documents necessary to complete the acquisition.

Fiscal Note: The purchase of this foreclosed property is $11,000.00. Demolition and closing costs are estimated at $14,000.00 for a total cost of $25,000.00. CDBG funds are available from the Neighborhood Impact Project.