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File #: LBA Res 33, Series 2021    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 5/4/2021 In control: VAPStat Joint Meeting
On agenda: 5/10/2021 Final action:
Title: Location: 2129 Grand Avenue 40210 Parcel ID: 038F-0114-0000 Applicants: Grand Avenue Educational Center Corp. Disposition Program: Request for Proposals Sale Price: $4,500.00 Project Type: Rehabilitation of Commercial Structure Project Timeframe: 6 months or less Funding Source: Private Funds Case Manager: Linette Huelsman Restrictions: Standard restrictions set within the "Request for Proposals" disposition program. Summary: Grand Avenue Educational Center Corp. is the winning applicant for the property located 2129 Grand Avenue, offered through the Landbank's April 2021 RFP program. Applicant plans to spend $297,520.00 to rehab this structure into a mixed-use building, with commercial and residential units, and sell to a qualified buyer. 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. 33, Series 2021 - 2129 Grand Ave RFP.pdf
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Title

Location:

2129 Grand Avenue 40210

Parcel ID:

038F-0114-0000

Applicants:

Grand Avenue Educational Center Corp.

Disposition Program:

Request for Proposals

Sale Price:

$4,500.00

Project Type:

Rehabilitation of Commercial Structure

Project Timeframe:

6 months or less

Funding Source:

Private Funds

Case Manager:

Linette Huelsman

Restrictions:

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

Summary:

Grand Avenue Educational Center Corp. is the winning applicant for the property located 2129 Grand Avenue, offered through the Landbank’s April 2021 RFP program.  Applicant plans to spend $297,520.00 to rehab this structure into a mixed-use building, with commercial and residential units, and sell to a qualified buyer.  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.