Sponsor
Alderman Wiser
Title
Transfer of 1804 Franklin Street to Racine Habitat for Humanity and Provide a HOME Grant
Resolved, that the Mayor, City Clerk and Director of City Development are authorized and directed to transfer the property at 1804 Franklin Street (Parcel ID No. 17622000) to Racine Habitat for Humanity, Inc., and to execute such agreements and/or deeds of sale necessary to accomplish the transfer.
Further resolved, that Racine Habitat for Humanity is allocated up to $60,000.00 in uncommitted 2011 HOME Housing Investment Partnerships funds toward the cost of the rehabilitation of 1804 Franklin Street as a single family residence for a Habitat for Humanity participant, subject to HOME program requirements and a grant agreement to be executed by the appropriate city officials.
Further resolved, that Racine Habitat for Humanity is authorized to utilize up to $35,000.00 for the rehabilitation of 1804 Franklin Street from the HOME funds previously allocated to it by Common Council Res No. 11-2572.
Fiscal Note: Funds are available in the sources identified.