City of Racine - File #: 12-8050

• File #: 12-8050
• Version: A
• Name: Request of Director of City Development to accept Offer To Purchase 1125 Grand Ave. for $33,900 (NSP-1 property). (Res No. 12-3292)
• Type: Communication
• Status: Passed
• File created: 8/14/2012
• In control: Loan Board of Review
• Final action: 8/21/2012
• Title: Subject: (Direct Referral) Request of Director of City Development to accept the offer of Robert Blake to purchase 1125 Grand Avenue. (Res No. 12-3292) Recommendation of the Loan Board of Review on August 16, 2012: To accept the offer of Robert Blake to purchase 1125 Grand Avenue and to authorize the Mayor, City Clerk, and Director of City Development 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 $33,900 in proceeds, minus commissions and closing costs.
• Related files: Res.12-3292

Date	Ver.	Action By	Action	Result
8/21/2012	A	Common Council	Approved as Presented	Pass
8/16/2012	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of Director of City Development to accept the offer of Robert Blake to purchase 1125 Grand Avenue. (Res No. 12-3292)

Recommendation of the Loan Board of Review on August 16, 2012:

To accept the offer of Robert Blake to purchase 1125 Grand Avenue and to authorize the Mayor, City Clerk, and Director of City Development 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 $33,900 in proceeds, minus commissions and closing costs.