City of Racine - File #: 0262-16

• File #: 0262-16
• Version: A
• Name: (Direct Referral) Request of the Interim Director of City Development to accept the offer of Jerrica and Jumar Dunn to purchase 1016 Park Avenue, an NSP-1 property. (Res No. 0117-16)
• Type: Communication
• Status: Passed
• File created: 3/24/2016
• In control: Loan Board of Review
• Final action: 4/6/2016
• Title: Subject: (Direct Referral) Request of the Interim Director of City Development to accept the offer of Jerrica and Jumar Dunn to purchase 1016 Park Avenue, an NSP-1 property. (Res No. 0117-16) Recommendation of the Loan Board of Review on March 31, 2016: To approve the request of the Interim Director of City Development to accept the offer of Jerrica an Jumar Dunn to purchase 1016 Park Avenue, with contingencies as listed on attachment. Fiscal note: The property was acquired and a new house was built through the NSP-1 program. The City will receive $83,000 in proceeds minus commission and closing costs.
• Related files: Res.0117-16

Date	Ver.	Action By	Action	Result
4/6/2016	A	Common Council	Approved	Pass
3/31/2016	A	Loan Board of Review	Recommended For Approval	Pass

Title

Subject: (Direct Referral) Request of the Interim Director of City Development to accept the offer of Jerrica and Jumar Dunn to purchase 1016 Park Avenue, an NSP-1 property. (Res No. 0117-16)

Recommendation of the Loan Board of Review on March 31, 2016: To approve the request of the Interim Director of City Development to accept the offer of Jerrica an Jumar Dunn to purchase 1016 Park Avenue, with contingencies as listed on attachment.

Fiscal note:  The property was acquired and a new house was built through the NSP-1 program. The City will receive $83,000 in proceeds minus commission and closing costs.