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File #: LBA Res 65, Series 2021    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 11/4/2021 In control: VAPStat Joint Meeting
On agenda: 11/8/2021 Final action:
Title: Location: 542 South 18th Street 40203 Parcel ID: 001E-0127-0000 Applicant: LT & JT III Investors, LLC Disposition Program: Flex Rate Disposition Program for New Construction Project Project Type: Single-Family Residence Project Timeframe: Not Applicable Sale Price: $5,000.00 Funding Source: Private Funds Case Manager: Linette Huelsman Restrictions: Standard restrictions set within the "Flex Rate" disposition program. Summary: Applicant is requesting the above lot to construct a single-family residence that will be rented to a qualified tenant. Proof of funds for the sale price and estimated development costs of $76,243.00 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. 65, Series 2021 - 542 S 18th St Flex Rate.pdf
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Title

Location:

542 South 18th Street 40203

Parcel ID:

001E-0127-0000

Applicant:

LT & JT III Investors, LLC

Disposition Program:

Flex Rate Disposition Program for New Construction Project

Project Type:

Single-Family Residence

Project Timeframe:

Not Applicable

Sale Price:

$5,000.00

Funding Source:

Private Funds

Case Manager:

Linette Huelsman

Restrictions:

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

Summary:

Applicant is requesting the above lot to construct a single-family residence that will be rented to a qualified tenant.  Proof of funds for the sale price and estimated development costs of $76,243.00 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.