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11-7204
| 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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11-7118
| A | | Limitations | Communication | Subject: Limitations on investor loans. | Deferred | Pass |
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11-7202
| A | | Subject: (Direct Referral) Request of the Assistant Director of City Development to accept an Offer to Purchase 1620 Flett Avenue. (Res. 11-2894) | Communication | Subject: (Direct Referral) Request of the Assistant Director of City Development to accept an Offer to Purchase 1620 Flett Avenue. (Res. 11-2894)
Recommendation of the Loan Board of Review on 12-15-11: That the request be approved contingent on the buyer accepting the period of affordability deed restriction. Further recommend that the Mayor, City Clerk, and Assistant Director of City Development be authorized to execute any necessary selling documents.
Fiscal Note: The City will receive $86,900 in proceeds, minus commissions and closing costs. | Recommended For Approval | Pass |
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11-7203
| A | | Subject: Request to amend the eligibility criteria for the REEP residential energy efficiency loan program by deleting the requirement that only homes constructed between 1946 and 1975 are eligible. (Res. 11-2895) | Communication | Subject: Request to amend the eligibility criteria for the REEP residential energy efficiency loan program by deleting the requirement that only homes constructed between 1946 and 1975 are eligible. (Res. 11-2895)
Recommendation of the Loan Board of Review on 12-15-11: That the eligibility criteria for the Racine Residential Energy Efficiency Loan Program, as set forth in Resolution 09-1552, be amended as follows:
That the phrase "constructed from 1946 through 1975" be deleted from criteria "b" so that the amended criteria reads, "b. Owner-occupied single family and duplex homes are eligible for participation in the program." | Recommended For Approval | Pass |
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