City of Racine - File #: 12-7937

• File #: 12-7937
• Version: A
• Name: (Direct Referral) Request of the Director of City Development to accept the offer of Morris P. Matsen to purchase 1812 Holmes Avenue. (Res. No. 12-3264)
• Type: Communication
• Status: Passed
• File created: 7/17/2012
• In control: Loan Board of Review
• Final action: 8/6/2012
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Morris P. Matsen to purchase 1812 Holmes Avenue. (Res. No. 12-3264) Recommendation of the Loan Board of Reveiw on July 19, 2012: To accept the offer of Morris P. Matsen to purchase 1812 Holmes Avenue and to authorize the Mayor, City Clerk, and Director of City Develoment to execute any documents necessary to complete the sale. Fiscal Note: The property was acquired and rehabilitated through the NSP-1 program. The city will receive $80,000 in proceeds, minus commissions and closing costs.
• Related files: Res.12-3264

Date	Ver.	Action By	Action	Result
8/6/2012	A	Common Council	Approved as Presented	Pass
7/19/2012	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Morris P. Matsen to purchase 1812 Holmes Avenue. (Res. No. 12-3264)

Recommendation of the Loan Board of Reveiw on July 19, 2012: To accept the offer of Morris P. Matsen to purchase 1812 Holmes Avenue and to authorize the Mayor, City Clerk, and Director of City Develoment to execute any documents necessary to complete the sale.

Fiscal Note: The property was acquired and rehabilitated through the NSP-1 program. The city will receive $80,000 in proceeds, minus commissions and closing costs.