City of Racine - File #: Res.14-0044

• File #: Res.14-0044
• Version: A
• Name: Purchase of 508 Randolph Street
• Type: Resolution
• Status: Passed
• File created: 1/21/2014
• In control: City Attorney's Office
• Final action: 1/21/2014
• Title: Purchase of 508 Randolph Street Resolved, that the request of the Director of City Development to accept an offer from Adam Sems to purchase 508 Randolph Street, an NSP-3 property, is authorized. Further resolved, that the Mayor, the City Clerk, and the Director of City Development are authorized to execute any documents necessary to complete the sale. Fiscal Note: The property was acquired and renovated through the NSP-3 program. The City will receive $45,000.00 in proceeds, minus commissions and closing costs.
• Sponsors: Dennis Wiser
• Related files: 14-9721

Date	Ver.	Action By	Action	Result
1/21/2014	A	Common Council	Adopted	Pass

Sponsor

Alderman Wiser

Title

Purchase of 508 Randolph Street

Resolved, that the request of the Director of City Development to accept an offer from Adam Sems to purchase 508 Randolph Street, an NSP-3 property, is authorized.

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

Fiscal Note: The property was acquired and renovated through the NSP-3 program. The City will receive $45,000.00 in proceeds, minus commissions and closing costs.