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This memorandum discusses the approval of an ordinance for purchasing a property at 1205 West Beslin Street, Urbana, to be cleared and redeveloped into affordable housing, supporting the fiscal goals
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How to fill out Ordinance Authorizing the Purchase of Certain Real Estate (1205 West Beslin Street)

01
Obtain a copy of the Ordinance Authorizing the Purchase of Certain Real Estate form.
02
Read through the form carefully to understand the required information.
03
Fill in the property details at the top of the form, including the address: 1205 West Beslin Street.
04
Provide details about the purchaser, including their name, address, and contact information.
05
Include the reason for the purchase and any relevant background information related to the property.
06
Specify the purchase price and any financial arrangements associated with the transaction.
07
Attach any supporting documents required, such as property assessments or financial statements.
08
Review the completed form for accuracy and completeness.
09
Sign and date the form where indicated.
10
Submit the form to the appropriate governing body or agency for approval.

Who needs Ordinance Authorizing the Purchase of Certain Real Estate (1205 West Beslin Street)?

01
Local government agencies involved in real estate transactions.
02
Municipal authorities considering expansion or development projects.
03
Investors interested in purchasing the specified property.
04
Community organizations or neighborhood associations affected by the purchase.
05
Financial institutions providing funding for the real estate transaction.
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The Ordinance Authorizing the Purchase of Certain Real Estate (1205 West Beslin Street) is a formal legislative act that allows a governing body, such as a city council, to approve the acquisition of the specified property for public use or development.
Typically, the city or municipal government responsible for the transaction is required to file the ordinance, often initiated by an appropriate department or agency involved in real estate or urban planning.
To fill out the ordinance, one must include details such as the property description, the purpose of the purchase, the funding sources, and any relevant legal or procedural requirements according to local government guidelines.
The purpose of the ordinance is to legally authorize the acquisition of the specified real estate to serve a public need, such as creating parks, building infrastructure, or expanding city services.
Information that must be reported includes the property's address and legal description, the proposed use of the property, the purchase price, funding details, and any approvals or assessments required.
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