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Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Adolfo Sifuentes and Flor Gabriela Villa to purchase 931 Center Street, an NSP property. (Res No. 15-0398)
Recommendation of the Loan Board of Review on October 15, 2015: To approve the request of the Director of City Development to accept the offer of Adolfo Sifuentes and Flor Gabriela Villa to purchase 931 Center Street, an NSP property with contingencies as listed on attachment.
Fiscal Note: This is a new home build under the NSP-1 program. The City will receive $90,000.00 in proceeds from the sale, minus commission and closing costs.
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