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File #: LBA Res 50, Series 2021    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 9/9/2021 In control: VAPStat Joint Meeting
On agenda: 9/20/2021 Final action:
Title: Locations: 3960 Wheeler Avenue and 3962 Wheeler Avenue 40215 Parcel IDs 066G-0062-0297 and 066G-0061-0000 Applicant: UMI Ventures, LLC Disposition Program: Flex Rate Disposition Program for New Construction Project Project Type: Single-Family Residence Project Timeframe: Not Applicable Sale Price: $7,021.00 ($3,500.00 for Parcel 1 and $3,521.00 for Parcel 2) Funding Source: Private Funds Case Manager: Linette Huelsman Restrictions: Standard restrictions set within the "Flex Rate" disposition program. Summary: Applicant is requesting the above lots to construct two (2) single-family residences. Proof of funds for the sale price and estimated development costs of $174,800.00 have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens. The sale price was agreed to pursuant to the requirements of the Flex Rate disposition program.
Attachments: 1. Resolution No. 50, Series 2021 - 3960 & 3962 Wheeler Ave Flex Rate.pdf
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Title

Locations:

3960 Wheeler Avenue and 3962 Wheeler Avenue 40215

Parcel IDs

066G-0062-0297 and 066G-0061-0000

Applicant:

UMI Ventures, LLC

Disposition Program:

Flex Rate Disposition Program for New Construction Project

Project Type:

Single-Family Residence

Project Timeframe:

Not Applicable

Sale Price:

$7,021.00  ($3,500.00 for Parcel 1 and $3,521.00 for Parcel 2)

Funding Source:

Private Funds

Case Manager:

Linette Huelsman

Restrictions:

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

Summary:

Applicant is requesting the above lots to construct two (2) single-family residences.  Proof of funds for the sale price and estimated development costs of $174,800.00 have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens.  The sale price was agreed to pursuant to the requirements of the Flex Rate disposition program.