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File #: LBA Res 63, Series 2018    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 11/20/2018 In control: VAPStat Joint Meeting
On agenda: 12/10/2018 Final action:
Title: Location: 816 South 7th Street Parcel ID: 029C-0122-0000 Applicant: 809 SOBRO, LLC Disposition Program: Budget Rate Policy for Agricultural/New Construction Projects Project Type: Commercial Construction Project Timeframe: 18 months Sale Price: $500.00 Funding Source: Private Funds Case Manager: Linette Huelsman Restrictions: Standard restrictions set within the "Budget Rate" disposition program. Summary: 809 SOBRO, LLC is requesting to purchase the above LBA lot through the Budget Rate program to consolidate with their adjacent parcels and expand their manufacturing operations another 25,000 square feet. Total project cost is estimated at 3 million dollars. The Applicant has shown proof of funds for the purchase and development of the lot and is compliant with the City, owing no delinquent taxes or unpaid code enforcement fines/liens.
Attachments: 1. Resolution No. 63, Series 2018- 816 S 7th St Budget Rate .pdf
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Title

Location:

816 South 7th Street

Parcel ID:

029C-0122-0000

Applicant:

809 SOBRO, LLC

Disposition Program:

Budget Rate Policy for Agricultural/New Construction Projects

Project Type:

Commercial Construction

Project Timeframe:

18 months

Sale Price:

$500.00

Funding Source:

Private Funds

Case Manager:

Linette Huelsman

Restrictions:

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

Summary:

809 SOBRO, LLC is requesting to purchase the above LBA lot through the Budget Rate program to consolidate with their adjacent parcels and expand their manufacturing operations another 25,000 square feet.  Total project cost is estimated at 3 million dollars.  The Applicant has shown proof of funds for the purchase and development of the lot and is compliant with the City, owing no delinquent taxes or unpaid code enforcement fines/liens.