City of Racine - File #: 14-10670

• File #: 14-10670
• Version: A
• Name: 1634 Howe (Res. No. 14-0434)
• Type: Communication
• Status: Passed
• File created: 10/14/2014
• In control: Loan Board of Review
• Final action: 10/21/2014
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept an offer from Jimmy Wai Lou to purchase 1634 Howe, an NSP property. (Res. No. 14-0434) Recommendation of the Loan Board of Review on October 16, 2014: To approve the request of the Director of City Development to accept the offer of Jimmy Wai Lou to purchase 1634 Howe, with contingencies as listed on attachment. Fiscal Note: The property was acquired and rehabiliated through the NSP-3 program. The city will receive $45,600 in proceeds minus commission and closing costs.
• Related files: Res.14-0434

Date	Ver.	Action By	Action	Result
10/21/2014	A	Common Council	Approved as Presented	Pass
10/16/2014	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development to accept an offer from Jimmy Wai Lou to purchase 1634 Howe, an NSP property. (Res. No. 14-0434)

Recommendation of the Loan Board of Review on October 16, 2014:  To approve the request of the Director of City Development to accept the offer of Jimmy Wai Lou to purchase 1634 Howe, with contingencies as listed on attachment.

Fiscal Note:  The property was acquired and rehabiliated through the NSP-3 program.  The city will receive $45,600 in proceeds minus commission and closing costs.