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File #: 0432-19    Version: A Name: Escrow Agreement with Racine Harborside LLC
Type: Communication Status: Passed
File created: 4/12/2019 In control: Finance and Personnel Committee
On agenda: Final action: 5/7/2019
Title: Subject: Communication from Mayor Mason requesting approval of an Escrow Agreement with Racine Harborside, LLC (Royal Capital Group) regarding the @NorthBeach Development at 1129 Michigan Boulevard. Recommendation of the Finance & Personnel Committee on 04-22-2019: To authorize and direct the Mayor and City Clerk to execute the Escrow Agreement with Racine Harborside, LLC (Royal Capital Group) regarding the @NorthBeach Development at 1129 Michigan Boulevard. Fiscal Note: There is no fiscal impact to these documents.
Sponsors: Q.A. Shakoor II
Attachments: 1. WB-15 Commercial Offer to Purchase re_ Sale of Parking Units, 2. @ North Beach Parking Lease 4-12-19 redline, 3. ABM @NorthBeach Documents for Sale, 4. Addendum A to Parking Facility OTP redline 4-12-19, 5. Condominium Declaration re Racine Harborside.DOCX, 6. Document Escrow Agreement re Racine Harborside, 7. #0432-19 Resolution

Title

Subject: Communication from Mayor Mason requesting approval of an Escrow Agreement with Racine Harborside, LLC (Royal Capital Group) regarding the @NorthBeach Development at 1129 Michigan Boulevard.

 

Recommendation of the Finance & Personnel Committee on 04-22-2019: To authorize and direct the Mayor and City Clerk to execute the Escrow Agreement with Racine Harborside, LLC (Royal Capital Group) regarding the @NorthBeach Development at 1129 Michigan Boulevard.

 

Fiscal Note: There is no fiscal impact to these documents.