City of Racine - File #: Res.14-0496

• File #: Res.14-0496
• Version: A
• Name: Rescind Choose Racine Program
• Type: Resolution
• Status: Passed
• File created: 12/2/2014
• In control: City Attorney's Office
• Final action: 12/2/2014
• Title: Rescind Choose Racine Program Resolved, that Resolution 09-1588 of September 1, 2009, establishing a Choose Racine program, is rescinded. Fiscal Note: The program allowed qualified public employees to purchase homes from the city at 50% of list price. The program was intended to broaden the market for rehabilitated homes. However, it was not intended for newly constructed homes like the City is currently marketing and the program has not been effective in increasing demand for the rehabilitated homes. As a result, rescission will have no fiscal impact.
• Sponsors: Dennis Wiser
• Related files: 14-10769

Date	Ver.	Action By	Action	Result
12/2/2014	A	Common Council	Adopted	Pass

Sponsor

Alderman Wiser

Title

Rescind Choose Racine Program

Resolved, that Resolution 09-1588 of September 1, 2009, establishing a Choose Racine program, is rescinded.

Fiscal Note: The program allowed qualified public employees to purchase homes from the city at 50% of list price. The program was intended to broaden the market for rehabilitated homes. However, it was not intended for newly constructed homes like the City is currently marketing and the program has not been effective in increasing demand for the rehabilitated homes. As a result, rescission will have no fiscal impact.