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File #: LBA Res 7, Series 2022    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 3/11/2022 In control: VAPStat Joint Meeting
On agenda: 3/21/2022 Final action:
Title: Locations: 1324 and 1335 Olive Street 40211 Parcel IDs: 048E-0067-0000 and 048E-0088-0000 Applicant: Salty Ventures, LLC Disposition Program: Budget Rate Policy for New Construction Projects Project Type: Single-Family Residences Project Timeframe: 6 months for each residence Sale Price: $1,000.00 per parcel Funding Source: Bank Financing Case Manager: Christopher Robinson Restrictions: Standard restrictions set within the "Budget Rate" disposition program. Summary: Applicant is requesting the above lots to construct two (2) single-family residences that will be sold to qualified owner-occupants. Proof of funds for the sale price and estimated development costs of $177,246.00 and $121,705.00 have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens.
Attachments: 1. Resolution No. 7, Series 2022 - 1324 & 1335 Olive St Budget Rate.pdf
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Title

Locations:

1324 and 1335 Olive Street 40211

Parcel IDs:

048E-0067-0000 and 048E-0088-0000

Applicant:

Salty Ventures, LLC

Disposition Program:

Budget Rate Policy for New Construction Projects

Project Type:

Single-Family Residences

Project Timeframe:

6 months for each residence

Sale Price:

$1,000.00 per parcel

Funding Source:

Bank Financing

Case Manager:

Christopher Robinson

Restrictions:

Standard restrictions set within the “Budget Rate” disposition program.

Summary:

Applicant is requesting the above lots to construct two (2) single-family residences that will be sold to qualified owner-occupants.  Proof of funds for the sale price and estimated development costs of $177,246.00 and $121,705.00 have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens.