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File #: 0980-24    Version: A Name: Subject: Communication sponsored by Alder Turquoise-Davis related to property owned by the City of Racine located at 1624 Holmes Avenue, for potential acquisition by the Community Development Authority of the City of Racine (CDA) for blight elimination an
Type: Communication Status: Passed
File created: 11/5/2024 In control: Finance and Personnel Committee
On agenda: Final action: 11/19/2024
Title: Subject: Communication sponsored by Alder Turquoise-Davis, on behalf of the Community Development Authority of the City of Racine (CDA), requesting permission to acquire property owned by the City of Racine located at 1624 Holmes Avenue for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area. Recommendation of the Finance and Personnel Committee on 11-11-2024: That the property be transferred to the Community Development Authority of the City of Racine (CDA) for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area. Fiscal Note: Transfer of the property will require $30 in recording fees. All future proceeds from the redevelopment, sale, minus commissions and fees, will be routed back as program income to the HOME program.
Attachments: 1. abm-1624-holmes-, 2. #0980-24 Resolution

Title

Subject: Communication sponsored by Alder Turquoise-Davis, on behalf of the Community Development Authority of the City of Racine (CDA), requesting permission to acquire property owned by the City of Racine located at 1624 Holmes Avenue for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area.

 

Recommendation of the Finance and Personnel Committee on 11-11-2024: That the property be transferred to the Community Development Authority of the City of Racine (CDA) for blight elimination and redevelopment and that the CDA acquire such property notwithstanding that it is not in an existing redevelopment area.

 

Fiscal Note: Transfer of the property will require $30 in recording fees. All future proceeds from the redevelopment, sale, minus commissions and fees, will be routed back as program income to the HOME program.