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File #: LBA Res 42, Series 2020    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 7/21/2020 In control: VAPStat Joint Meeting
On agenda: 8/10/2020 Final action:
Title: Location: 2825 West Chestnut Street 40211 Parcel ID: 001A-0082-0000 Applicant: LT & JT III Investors, LLC Disposition Program: Request for Proposals Sale Price: $4,501.00 Project Type: Rehabilitation of Single-Family Structure Project Timeframe: 12 months or less Funding Source: Private Funds Case Manager: Linette Huelsman Restrictions: Standard restrictions set within the "Request for Proposals" disposition program. Summary: LT & JT III Investors, LLC is the winning applicant for the property located 2825 West Chestnut Street, offered through the Landbank's June 2020 RFP program. Applicant plans to spend $26,000 to rehab this structure and rent to a qualified renter. Proof of funds for the sale price and rehab costs have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens.
Attachments: 1. Resolution No. 42, Series 2020 - 2825 W Chestnut St RFP.pdf
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Title

Location:

2825 West Chestnut Street 40211

Parcel ID:

001A-0082-0000

Applicant:

LT & JT III Investors, LLC

Disposition Program:

Request for Proposals

Sale Price:

$4,501.00

Project Type:

Rehabilitation of Single-Family Structure

Project Timeframe:

12 months or less

Funding Source:

Private Funds

Case Manager:

Linette Huelsman

Restrictions:

Standard restrictions set within the “Request for Proposals” disposition program.

Summary:

LT & JT III Investors, LLC is the winning applicant for the property located 2825 West Chestnut Street, offered through the Landbank’s June 2020 RFP program.  Applicant plans to spend $26,000 to rehab this structure and rent to a qualified renter.  Proof of funds for the sale price and rehab costs have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens.