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16-0672
| 1 | | development of 1208 & 1212 5th Ave | General Item | Discussion on the development of 1208 and 1212 5th Ave S | APPROVED | Pass |
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16-0682
| 1 | | Loan Approval | Resolution | Approval of Housing Rehabilitation Loan - Client# 123216 ($21,200). | APPROVED | Pass |
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16-0680
| 1 | | 923 Avon St | Resolution | Approval of change order for 923 Avon Street in the amount of $2824. | APPROVED AS AMENDED | Pass |
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16-0673
| 1 | | offer to purchase 1212 7th St | Resolution | Action on offer to purchase 1212 7th Street | APPROVED AS AMENDED | Pass |
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16-0674
| 1 | | 806 Caledonia Street | Resolution | Action on offer to purchase 806 Caledonia Street
The City received an offer to purchase 806 Caledonia Street in the amount of $160,000 and the City to provide a 2nd Mortgage.
City countered the offer for full asking price of $168,300 and increased the 2nd mortgage to $33,000,
Purchaser submitted a 2nd counter in the amount of $164,000, 2nd mortgage of $29,000.
The purchaser is a family of 9 and is concerned about the impact the debt will make on their ability to provide for their children. The asking price is the assessed value of the home. A market analysis performed and estimated the home at $165,900 (this is based off comparable sales in the neighborhood). The home has been listed since June 22, 2016. | APPROVED | Pass |
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16-0675
| 1 | | Action on acquisition of 1728 Avon St | Resolution | Action on acquisition of 1728 Avon Street | APPROVED | Pass |
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16-0679
| 1 | | July Subordinations | Resolution | Subordination Request for Client 120115 and 120915 | APPROVED | Pass |
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16-0681
| 1 | | Amend Housing Rehab Guidelines | Resolution | Amend Housing Rehabilitation Policies to allow applicants earning 120% of the CMI to receive CDBG Housing Rehabilitation Loans if their home is located in the City's Neighborhood Revitalization Strategy Area. | APPROVED | Pass |
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16-0689
| 1 | | Loan Terms | Resolution | Approval of loan terms of interest accruing no more than 50% of the principal loan terms for 6 Housing Rehabilitation Loans approved and recorded in 2014. ..Body
1) 336 23rd St S
2) 350 23rd St S
3) 1918 Prospect St
4) 1203 6th St S
5) 817 Vine St
6) 1409 29th St S | APPROVED | Pass |
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