City of Racine - File #: 11-7073

• File #: 11-7073
• Version: A
• Name: Subject: (Direct Referral) Communication from the Executive Director requesting authorization to acquire 1437 Owen Avenue in the Uptown area. (Resolution No. 11-2830)
• Type: Communication
• Status: Passed
• File created: 11/2/2011
• In control: Redevelopment Authority of the City of Racine
• Final action: 11/15/2011
• Title: Subject: (Direct Referral) Communication from the Executive Director requesting authorization to acquire 1437 Owen Avenue in the Uptown area. (Resolution No. 11-2830) Recommendation of the Redevelopment Authority on 11-8-11: That the Common Council, pursuant to sec. 66.1333 (5) (b) Wis. Stats., authorize and direct the Redevelopment Authority to acquire the property at 1437 Owen Avenue. Fiscal Note: The property at 1437 Owen Avenue (parcel ID no.09296000) is blighted property due to extensive fire damage. The owner of the property has offered to transfer the property to the Authority at no cost; the Authority would be responsible for demolition and incidental costs. Demolition of the building and associated expenses are expected to cost $13,000.000. The Authority has funding for a residential redevelopment project in the Uptown Improvement Program. The redevelopment would consist of the construction of an in-fill single family home and sale to owner-occupants. Funds are availabl...
• Related files: Res.11-2830

Date	Ver.	Action By	Action	Result
11/15/2011	A	Common Council	Approved as Presented	Pass
11/8/2011	A	Redevelopment Authority of the City of Racine	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Communication from the Executive Director requesting authorization to acquire 1437 Owen Avenue in the Uptown area. (Resolution No. 11-2830)

Recommendation of the Redevelopment Authority on 11-8-11: That the Common Council, pursuant to sec. 66.1333 (5) (b) Wis. Stats., authorize and direct the Redevelopment Authority to acquire the property at 1437 Owen Avenue.

Fiscal Note: The property at 1437 Owen Avenue (parcel ID no.09296000) is blighted property due to extensive fire damage.  The owner of the property has offered to transfer the property to the Authority at no cost; the Authority would be responsible for demolition and incidental costs.  Demolition of the building and associated expenses are expected to cost $13,000.000.  The Authority has funding for a residential redevelopment project in the Uptown Improvement Program.  The redevelopment would consist of the construction of an in-fill single family home and sale to owner-occupants.  Funds are available in the TID-16 plan and the S.C. Johnson grant for this purpose.