City of Racine - File #: 12-7938

• File #: 12-7938
• Version: A
• Name: (Direct Referral) Request of the Director of City Development to acquire 1721 Villa Street for rehabilitation and resale under the NSP-3 program. (Res. No. 12-3265)
• 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 acquire 1721 Villa Street for rehabilitation and resale under the NSP-3 program. (Res. No. 12-3265) Recommendation of the Loan Board of Review on July 19, 2012: To approve the request to acquire 1721 Villa Street for rehabilitation and resale under the NSP-3 program and to authorize the Mayor, City Clerk, and Director of City Development to execute any documents necessary to complete the acquisition. Fiscal Note: Tri-City National Bank is the seller of this foreclosed property. Purchase price is $20,000. Most recent assessed value was $75,000.
• Related files: Res.12-3265

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 acquire 1721 Villa Street for rehabilitation and resale under the NSP-3 program. (Res. No. 12-3265)

Recommendation of the Loan Board of Review on July 19, 2012: To approve the request to acquire 1721 Villa Street for rehabilitation and resale under the NSP-3 program and to authorize the Mayor, City Clerk, and Director of City Development to execute any documents necessary to complete the acquisition.

Fiscal Note: Tri-City National Bank is the seller of this foreclosed property. Purchase price is $20,000.  Most recent assessed value was $75,000.