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996-17
| A | | Reports | Communication | Subject: Reports
A. Delinquency Report
B. LBR Financial Report
C. Monthly Activity Report
D. Property Disposition Report | Received and Filed | Pass |
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1001-17
| A | | (Res. 0353-17) | Communication | Subject: Request from WHP-Lincoln School, LLC to subordinate a mortgage note held by the City of Racine. (Res. 0353-17)
Recommendation of the Loan Board of Review on October 12, 2017: That the request from WHP-Lincoln School, LLC to subordinate a mortgage note held by the City of Racine is approved. Further, that the director of City Development be authorized to enter into and execute the subordination agreement.
Fiscal Note: The 2007 mortgage note for 145,704 is forgiven at 1/14th per year over a 14 year period. | Recommended For Approval | Pass |
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1002-17
| A | | Request | Communication | Subject: Request of Ms. Corbin, owner of 1216 S. Memorial Drive, to execute a Deed-in-Lieu of Foreclosure with the City of Racine.
Loans owed:
Loan # 85-12-001- balance $22,627;
Loan # 97-12-002 - balance $994;
Loan # 99-12-004 - balance $15,315.04;
Loan # 00-07-011 - balance $826.68
Staff recommendation: denial of request | Deferred | Pass |
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1000-17
| B | | Update on Website | Communication | Subject: Update on Website to Market Homeowner Rehab Loan Program. | Received and Filed | Pass |
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1007-17
| A | | Request for amendments | Communication | Subject: Request for amendments to the CDBG Housing Repair Loan Program Policies and Procedure Manual.
Recommendation of the Loan Board of Review: That the City of Racine Loan Board of Review move to approve the amendements as stated in the suggested changes to the CDBG HRLP p&p manual. | Approved | Pass |
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1008-17
| A | | Request | Communication | Subject: Request by the Department of City Development for a 2,500 Private Lead Service Piping Loan for 1531 Packard Avenue. | Approved | Pass |
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