City of Racine - File #: 0512-16

• File #: 0512-16
• Version: A
• Name: Request of the Director of City Development to write off a HOME loan made to Main Lake LLC.
• Type: Application
• Status: Filed
• File created: 6/6/2016
• In control: Loan Board of Review
• Final action: 4/13/2017
• Title: Subject: Request of the Director of City Development to write off a HOME loan made to Main-Lake LLC. Loan #95-54-002 in the amount of $800,000 which is deemed uncollectible. Recommendation of the Loan Board of Review on June 9, 2016: to report the action on this file to the Common Council. Recommendation of the Loan Board of Reveiw on June 16, 2016: to defer this item until the next meeting. Recommendation of the Loan Board of Review on August 11, 2016: to defer this item. Recommendation: That the Loan Board of Review receive and file this item.

Date	Ver.	Action By	Action	Result
4/13/2017	A	Loan Board of Review	Received and Filed	Pass
8/11/2016	A	Loan Board of Review	Deferred	Pass
6/16/2016	A	Loan Board of Review	Deferred	Pass
6/9/2016	A	Loan Board of Review	Approved	Pass

Title

Subject: Request of the Director of City Development to write off a HOME loan made to Main-Lake LLC. Loan #95-54-002 in the amount of $800,000 which is deemed uncollectible.

Recommendation of the Loan Board of Review on June 9, 2016:  to report the action on this file to the Common Council.

Recommendation of the Loan Board of Reveiw on June 16, 2016: to defer this item until the next meeting.

Recommendation of the Loan Board of Review on August 11, 2016: to defer this item.

Recommendation: That the Loan Board of Review receive and file this item.