City of Racine - File #: 15-00724

• File #: 15-00724
• Version: A
• Name: 1216 Geneva Street (Res No. 15-0349)
• Type: Communication
• Status: Passed
• File created: 8/10/2015
• In control: Loan Board of Review
• Final action: 9/1/2015
• Title: Subject: (Direct Referral) Request of the Interim Director of City Development to accept the offer of Mr. & Mrs. Coleman to purchase 1216 Geneva Street, a HOME property. (Res No. 15-0349) Recommendation of the Loan Board of Review on August 20, 2015: To approve the request of the Interim Director of City Development to accept the offer of Tamara and Marvin Coleman to purchase 1216 Geneva Street, with contingencies as listed on attachment. Fiscal Note: This is a new home build under the HOME program. The City will receive $79,000 in proceeds from the sale, minus commission and closing costs.

Date	Ver.	Action By	Action	Result
9/1/2015	A	Common Council	Approved as Presented	Pass
8/20/2015	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 Mr. & Mrs. Coleman to purchase 1216 Geneva Street, a HOME property. (Res No. 15-0349)

Recommendation of the Loan Board of Review on August 20, 2015:  To approve the request of the Interim Director of City Development to accept the offer of Tamara and Marvin Coleman to purchase 1216 Geneva Street, with contingencies as listed on attachment.

Fiscal Note:  This is a new home build under the HOME program.  The City will receive $79,000 in proceeds from the sale, minus commission and closing costs.