City of Racine - File #: 13-9190

• File #: 13-9190
• Version: A
• Name: 1029 Ninth Street (Res. No. 13-0323)
• Type: Communication
• Status: Passed
• File created: 7/23/2013
• In control: Loan Board of Review
• Final action: 8/5/2013
• Title: Subject: (Direct Referral) Request of Director of City Development to accept the offer of Virginia Fernander to purchase 1029 Ninth Street, an NSP-3 property. (Res. No. 13-0323) Recommendation of the Loan Board of Review on July 25, 2013: To approve the request of the Director of City Development to accept an offer from Virginia Fernander to purchase 1029 Ninth Street, an NSP-3 property. Further, 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 newly constructed through the NSP-3 program. The City will receive $109,900 in proceeds, minus commissions and closing costs.
• Related files: Res.13-0323

Date	Ver.	Action By	Action	Result
8/5/2013	A	Common Council	Approved as Presented	Pass
7/25/2013	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral)  Request of Director of City Development to accept the offer of Virginia Fernander to purchase 1029 Ninth Street, an NSP-3 property. (Res. No. 13-0323)

Recommendation of the Loan Board of Review on July 25, 2013:  To approve the request of the Director of City Development to accept an offer from Virginia Fernander to purchase 1029 Ninth Street, an NSP-3 property.  Further, 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 newly constructed through the NSP-3 program.  The City will receive $109,900 in proceeds, minus commissions and closing costs.