PURPOSE OF REQUEST: Purchase Agreement for various properties at LWW & Marion.Purchase Agreement • July 7th, 2023
Contract Type FiledJuly 7th, 2023Specifics: This Real Estate Purchase Agreement is for RDC owned properties at LWW & Marion, located north of Lincoln Way West and South of Marion. Advantix Development Corp. is applying for low-income housing tax credits with plans to construct a 50 affordable income restricted units on 37 currently City owned vacant lots. The majority of those37 lots are owned by the Board of Public Works, the properties at LWW & Marion provide the remainder of needed properties for the overall project.