City of Racine - File #: 14-9721

• File #: 14-9721
• Version: A
• Name: (Direct Referral) Request of the Director of City Development to accept the offer of Adam Sems to purchas 508 Randolph Street.
• Type: Communication
• Status: Passed
• File created: 1/13/2014
• In control: Loan Board of Review
• On agenda: 1/16/2014
• Final action: 1/21/2014
• Title: Subject: (Direct Referral) Request of the Director of City Development to accept the offer of Adam Sems to purchase 508 Randolph Street. ((Res. No. 14-0044) Recommendation of the Loan Board of Review on January 16, 2014: That the request of the Director of City Development to accept the offer of Adam Sems to purchase 508 Randolph Street, an NSP-3 property be approved. Fiscal Note: The property was acquired and renovated through the NSP-3 program. The City will receive $45,000 in proceeds, minus commissions and closing costs.
• Related files: Res.14-0044

Date	Ver.	Action By	Action	Result
1/21/2014	A	Common Council	Approved as Presented	Pass
1/16/2014	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 Adam Sems to purchase 508 Randolph Street. ((Res. No. 14-0044)

Recommendation of the Loan Board of Review on January 16, 2014: That the request of the Director of City Development to accept the offer of Adam Sems to purchase 508 Randolph Street, an NSP-3 property be approved.

Fiscal Note: The property was acquired and renovated through the NSP-3 program. The City will receive $45,000 in proceeds, minus commissions and closing costs.