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11-7023
| A | | Reports | Communication | Subject: Reports
A. Delinquency
B. Attorney's Report
C. Financial Report
1. Available Loan Funds
2. Program Loan Funds
D. Monthly Activity Report
E. Property Disposition Report | Approved | Pass |
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11-7028
| A | | Subject: Communication from IDA Coordinator requesting that the city deposit matching funds for the continuation of the Individual Development Account Program in Racine. (Resolution No. 11-2811) | Communication | Subject: Communication from IDA Coordinator requesting that the city deposit matching funds for the continuation of the Individual Development Account Program in Racine. (Resolution No. 11-2811)
Recommendation of the Loan Board of Review on 10-20-11: That $45,250 be advanced from Account #812 to Fund #260. Funds to be repaid to Account #812 as private-sector pledges are redeemed.
Fiscal Note: There are sufficient funds for this recommendation. | Recommended For Approval | Pass |
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11-7029
| A | | Subject: (Direct Referral) Request of Assistant Director, Joseph Heck, to transfer the lot at 61 Riverside Drive to St. Paul Community Economic Development Corporation. (Resolution No. 11-2812) | Communication | Subject: (Direct Referral) Request of Assistant Director, Joseph Heck, to transfer the lot at 61 Riverside Drive to St. Paul Community Economic Development Corporation. (Resolution No. 11-2812)
Recommendation of the Loan Board of Review on 10-20-11: That the request be approved on the condition that the work commences no later than April 1, 2012 and be completed by December 31, 2012.
Fiscal Note: N/A | Recommended For Approval | Pass |
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11-7020
| A | | Dieter | Communication | Subject: Request from Kerry & Donna Dieter of 1238-1240 Cleveland Avenue for a Rental Assistance Loan. | Approved | Pass |
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11-7021
| A | | Langel | Communication | Subject: Request from Dorothy Langel & Steven Dodd of 811 Villa Street for a Home Improvement Loan. | Approved | Pass |
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11-7022
| A | | Mandli | Communication | Subject: Request from Kurt & Terri Mandli of 1725 Grange Avenue for a Home Improvement Loan. | Approved | Pass |
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11-7030
| A | | Subject: (Direct Referral) Request of the Director of City Development to consider revising the amount of equity required for owner-occupied home improvement loans. (Resolution No. 11-2813) | Communication | Subject: (Direct Referral) Request of the Director of City Development to consider revising the amount of equity required for owner-occupied home improvement loans. (Resolution No. 11-2813)
Recommendation of the Loan Board of Review on 10-20-11: That the equity requirement for homeowner loans be waived until October 31, 2014 with the stipulation that loans with insufficient equity be made only for code-related items including lead-based paint hazard reduction.
Fiscal Note: N/A | Recommended For Approval | Pass |
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11-7031
| A | | Subject: (Direct Referral) Request of the Director of City Development to consider revising the interest rate charged for owner-occupied home improvement loans. (Resolution No. 11-2814) | Communication | Subject: (Direct Referral) Request of the Director of City Development to consider revising the interest rate charged for owner-occupied home improvement loans. (Resolution No. 11-2814)
Recommendation of the Loan Board of Review on 10-20-11: That the request be approved to lower the interest rates for Homeowner Fixed loans from 5% and 3% to 3% and 2% respectively.
Fiscal Note: N/A | Recommended For Approval | Pass |
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