Closed

Civetta Property Group, LLC

Competitive sale to Civetta Property Group, LLC; 1

1 housing units sold, across 1 properties · Council District 1 · Civetta Property Group, LLC

What is missing from the record

Every step has a date on record. Nothing is missing from the records we hold.

Where this project stands

Five steps, from the Board agenda to the closing. A disposition is the sale or transfer of a Land Bank property. The Council step is City Council's approval of the sale, which comes after the Board's approval.

  1. 1. On a Board agenda
    Done
    Jun 8, 2021
  2. 2. Board approval
    Done
    Jun 8, 2021
  3. 3. Council approval of the disposition
    Done
    Jun 17, 2021 to Dec 15, 2022
  4. 4. Deed into the Land Bank
    Done
    Oct 19, 2022
  5. 5. Closing
    Done
    Jan 26, 2023

Board hearings

One row for each Board hearing where this project was on the agenda. Fewer than six approving votes means no decision was reached; it is not a denial. Speakers and letters are public comments on the item.

DateAgenda itemOutcomeVote as recordedPublic speakersLetters
Jun 8, 20214.A.2Approvedunanimous20
Nov 15, 2022IV(2)Approvedunanimous00

City Council

City Council resolutions that name this project's properties, from Council's Legistar records. Earlier resolutions often moved the lots into the Land Bank; they are not Council's approval of this sale (step 3 above).

ResolutionSponsorStatusIntroducedAdopted
200532Councilmember SquillaadoptedOct 1, 2020Oct 8, 2020

Closings

From the Land Bank's settlement records.

PurchaserClosing datePriceAppraised valueUnitsCouncil resolution
Civetta Property Group LLCJan 26, 2023$10,000$110,0001210566;220990

Days from the first Board approval to each closing: 597.

People and organizations

Council resolutions naming these properties, sponsored by
Mark Squilla (resolutions 200532)

Public comment

A position is counted only where the person stated one at a hearing or in a letter. Letters read aloud at a meeting are staff summaries, not the writer's own words. Officials and people speaking for an organization are named; residents who spoke for themselves are counted, not named.

Across all hearings: 2 public speakers and 0 letters, with 0 statements of support and 0 of opposition.

Named commenters (2 in all, residents included)Stated positionSpeaking for (organization)
Nomble Leeneutral

From the record

Passages quoted from the Board's minutes, packets and transcripts. 4 of 4 shown.

… Conveyance of 1921 South 6th Street to Civetta Property Group, LLC (attached to these minutes as Exhibit A). • 2544 S. 5th Street to Civetta Property Group, LLC (CD1) Mr. Lawrence asked the Board to approve the disposition of 2544 S. 5th Street to Civetta Property Group, LLC for the development of a single-family rental unit for lease to a tenant with household income of 81-120% of AMI. The applicant was the only qualified bidder for the competitive sale posting, at a bid price of $10,000. Evidence of project financing was provided, and the applicant is compliant and in good standing…

Minutes · Jun 8, 2021, item 4.A.2 · packet p. 5 · PLB Board Package for 7.13.2021 Board Meeting.pdf

Agenda · Jun 8, 2021, item 4.A.2 · packet p. 1 · PLB Board Package for 6.8.2021 Board Meeting.pdf

IV(2) Mr. Lawrence asked the Board to approve an amendment to Resolution No. 2021-31, which approved the conveyance of 2544 S. 5th Street for the development of one affordable single-family rental unit at no more than 120% of Area Median Income. The amendment will approve the conversion of the unit to an affordable single-family home to be sold at $275,000 to a purchaser with a household income not exceeding 100% of AMI, which allows the home to be eligible for a “Turn the Key” program subsidy to the home purchaser. The property will be subject to resale restrictions and require income certif…

Minutes · Nov 15, 2022, item IV(2) · packet p. 6 · PLB Board Package for 12.13.2022 Board Meeting.pdf

Agenda · Nov 15, 2022, item IV(2) · packet p. 1 · PLB Board Package for 11.15.2022 Board Meeting.pdf

Properties (1)

AddressOPA account numberStatusDeed into the Land BankClosing dateEntered the Land Bank via
2544 S 5TH ST392296205ClosedOct 19, 2022Jan 26, 2023RDA

Sources: Board minutes and packets; PHDC workbook; Council (Legistar). Built from the Land Bank Board's minutes, packets and transcripts, the Land Bank's settlement workbook, and City Council records.

Civetta Property Group, LLC | Land Bank Watch