City of Racine - File #: 0236-24

• File #: 0236-24
• Version: A
• Type: Communication
• Status: Passed
• File created: 3/8/2024
• In control: Community Development Block Grant Advisory Board
• On agenda: 4/15/2024
• Final action: 4/15/2024
• Title: Subject: Communication sponsored by Mayor Mason to approve the acquisition of 1216 Geneva St. per the Right of First Refusal defined in the recorded Land Use Restriction Agreement. Recommendation of the CDBG Advisory Board on 04-08-24: To approve the acquisition of 1216 Geneva St. and that CDBG funds be allocated for the rehabilitation of the property, preparing it for resale. Fiscal Note: Budgetary impact will be based on the price determined by pending foreclosure proceedings, there are sufficient CDBG funds to purchase the property.

Date	Ver.	Action By	Action	Result
4/15/2024	A	Common Council	Approved as Presented	Pass
4/8/2024	A	Community Development Block Grant Advisory Board

Title

Subject: Communication sponsored by Mayor Mason to approve the acquisition of 1216 Geneva St. per the Right of First Refusal defined in the recorded Land Use Restriction Agreement.

Recommendation of the CDBG Advisory Board on 04-08-24: To approve the acquisition of 1216 Geneva St. and that CDBG funds be allocated for the rehabilitation of the property, preparing it for resale.

Fiscal Note: Budgetary impact will be based on the price determined by pending foreclosure proceedings, there are sufficient CDBG funds to purchase the property.