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File #: 0022-25    Version: A Name: 1644 S Memorial Dr. New Construction
Type: Communication Status: Committee Report To Council
File created: 1/7/2025 In control: Community Development Block Grant Advisory Board
On agenda: Final action:
Title: Subject: Communication sponsored by Mayor Mason requesting up to $373,600.00 for new construction of a single-family building on City-owned property at 1644 S Memorial Dr. Recommendation of the CDBG Advisory Board on 01-13-25: To approve the use of up to $373,600.00 in HOME funds to redevelop the property at 1644 S Memorial Drive and sell to a HOME-eligible homeowner. Fiscal Note: There are adequate HOME Funds available to cover the $373,600 cost for the new construction of the home. Any income generated from the sale of the improved property will be reinvested into the HOME Fund.
Attachments: 1. ABM _1644 S Memorial_New Construction, 2. #0022-25 Resolution

Title

Subject: Communication sponsored by Mayor Mason requesting up to $373,600.00 for new construction of a single-family building on City-owned property at 1644 S Memorial Dr.

 

Recommendation of the CDBG Advisory Board on 01-13-25: To approve the use of up to $373,600.00 in HOME funds to redevelop the property at 1644 S Memorial Drive and sell to a HOME-eligible homeowner. 

 

Fiscal Note: There are adequate HOME Funds available to cover the $373,600 cost for the new construction of the home. Any income generated from the sale of the improved property will be reinvested into the HOME Fund.