City of Bellevue, WA
File #: RES 9599   
In control: City Council Extended Study Session
On agenda: 5/28/2019
Title: Resolution authorizing the City Manager or his designee to execute all documents necessary for the City to exercise its right of first refusal to purchase an affordable housing unit (unit 3, building 3-2) at Lakemont Ridge for an amount not to exceed $365,000 plus applicable closing costs using City Housing Funds. (For action. Staff seek Council adoption of Resolution No. 9599.)
Sponsors: Community Development Department
Attachments: 1. Agenda Memo, 2. A1. Lakemont Ridge Covenant Restricting Resale and Option to Purchase., 3. A2. Assumption Agreement, 4. B. Notice of foreclosure-Order of Sale, 5. C. Estimated rehabilitation cost, 6. Resolution
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Title

Resolution authorizing the City Manager or his designee to execute all documents necessary for the City to exercise its right of first refusal to purchase an affordable housing unit (unit 3, building 3-2) at Lakemont Ridge for an amount not to exceed $365,000 plus applicable closing costs using City Housing Funds.

(For action. Staff seek Council adoption of Resolution No. 9599.)