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File #: 12-7779    Version: A Name: 1418 Washington Avenue Proposal (Res. 12-3200)
Type: Communication Status: Passed
File created: 5/30/2012 In control: Redevelopment Authority of the City of Racine
On agenda: Final action: 6/19/2012
Title: Subject: (Direct Referral) Communication from Jessica Servantez submitting a proposal for the Redevelopment Authority owned property at 1418 Washington Avenue. (Res. 12-3200) Recommendation of the Redevelopment Authority on 6-4-12: That the Common Council approve the action of the Authority granting a three-month option with conditions to allow Ms. Servantez the opportunity to refine cost estimates and obtain financing. Fiscal Note: 1418 Washington Avenue was offered through a Request for Proposals (RFP) for one dollar ($1.00) contigent on the purchaser having a redevelopment plan consistent with the Uptown Plan and sufficient financing to renovate the building. The option will allow Ms. Servantez to negotiate financing from lenders. She has paid the $1,000.00 option fee.
Attachments: 1. RDA Res. 12-02
Related files: Res.12-3200
Title
Subject: (Direct Referral) Communication from Jessica Servantez submitting a proposal for the Redevelopment Authority owned property at 1418 Washington Avenue.  (Res. 12-3200)
 
Recommendation of the Redevelopment Authority on 6-4-12: That the Common Council approve the action of the Authority granting a three-month option with conditions to allow Ms. Servantez the opportunity to refine cost estimates and obtain financing.
 
Fiscal Note: 1418 Washington Avenue was offered through a Request for Proposals (RFP) for one dollar ($1.00) contigent on the purchaser having a redevelopment plan consistent with the Uptown Plan and sufficient financing to renovate the building.  The option will allow Ms. Servantez to negotiate financing from lenders.  She has paid the $1,000.00 option fee.