Closed

Civetta Property Group LLC

19 housing units sold, across 19 properties · Council District 2 · Civetta Property Group, LLC

What is missing from the record

Steps with no date on record, or that the record shows were stopped. A step that is not on record may still have happened.

  • Board approvalPartly done

    On record for 5% of the properties; the rest are not on record yet.

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
    Jul 12, 2022
  2. 2. Board approval
    Partly done
    Jul 12, 2022
    5% of properties
  3. 3. Council approval of the disposition
    Done
    Oct 31, 2019
  4. 4. Deed into the Land Bank
    Done
    Dec 9, 2015 to May 22, 2020
  5. 5. Closing
    Done
    Jun 19, 2020

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
190984Councilmember JohnsonadoptedDec 5, 2019Dec 12, 2019

Closings

From the Land Bank's settlement records.

PurchaserClosing datePriceAppraised valueUnitsCouncil resolution
Civetta Property Group LLCJun 19, 2020$1,900$1,320,00019190836

People and organizations

Council resolutions naming these properties, sponsored by
Kenyatta Johnson (resolutions 190984)

From the record

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

… as Exhibit C). Item VI Property Acquisition Item VI.A. Mr. Rodriguez asked the Board to approve the acquisition of 2641 Reed Street, a property that was developed as part of the Earp Street RFP nearly two years ago. The property owner was income- certified at or below 120% AMI, as required by the RFP, and the purchase price was $250,000. The owner is moving due to a change in his employment and requested the Land Bank’s approval to sell the property, as required by the Declaration of Restrictive Covenants placed on the property. The Land Bank consented to the sale and provided the paramet…

Minutes · Jul 12, 2022, item VI.A · packet p. 9 · PLB Board Package for 8.9.2022 Board Meeting.pdf

Agenda · Jul 12, 2022, item VI.A · packet p. 2 · PLB Board Package for 7.12.2022 Board Meeting.pdf

… Home Subject to a Declaration of Restrictive Covenants Mr. Lawrence asked the Board to authorize the resale of 2641 Reed Street to Hien Long Cung and Tam Kinh Ho subject to and in accordance with the Declaration of Restrictive Covenants, which was recorded against the property in June of 2021. A year after purchase, the buyer requested the Land Bank’s consent to sell the property but was unable to find a buyer at the restricted sale price in a timely manner. The Land Bank exercised its purchase option and acquired the property in September of 2022. The new purchasers have been income-…

Minutes · Oct 10, 2023, item IV.C · packet p. 7 · PLB Board package for 11.14.2023 Board Meeting.pdf

… asking the Board to authorize the resale of 2641 Reed Street to Hien Long Cung and Tam Kinh Ho

Statement · Jessie Lawrence, Land Bank staff · Oct 10, 2023, item IV.C · packet p. 32 · PLB Board package for 11.14.2023 Board Meeting.pdf

Properties (19)

AddressOPA account numberStatusDeed into the Land BankClosing dateEntered the Land Bank via
1327 S 27TH ST362127705ClosedDec 19, 2016Jun 19, 2020RDA
2613 EARP ST362100105ClosedMay 11, 2016Jun 19, 2020RDA
2614 SEARS ST362094705ClosedMay 10, 2017Jun 19, 2020RDA
2616 EARP ST362106005ClosedDec 9, 2015Jun 19, 2020PHDC/PHA/other public
2626 SEARS ST362095305ClosedMay 22, 2020Jun 19, 2020PHDC/PHA/other public
2630 SEARS ST362095505ClosedMay 11, 2016Jun 19, 2020RDA
2639 REED ST362112905ClosedMay 11, 2016Jun 19, 2020RDA
2641 REED ST362113005ClosedDec 9, 2015Jun 19, 2020PHDC/PHA/other public
2642 SEARS ST362096105ClosedMay 11, 2016Jun 19, 2020RDA
2643 REED ST361113105ClosedOct 14, 2016Jun 19, 2020RDA
2648 SEARS ST362096405ClosedMay 22, 2020Jun 19, 2020RDA
2700 SEARS ST362096705ClosedDec 29, 2015Jun 19, 2020PHDC/PHA/other public
2701 EARP ST362102205ClosedDec 29, 2015Jun 19, 2020PHDC/PHA/other public
2703 EARP ST362102305ClosedDec 29, 2016Jun 19, 2020RDA
2714 EARP ST362108805ClosedDec 29, 2016Jun 19, 2020RDA
2719 EARP ST362103105ClosedDec 29, 2016Jun 19, 2020RDA
2724 EARP ST362109305ClosedDec 29, 2016Jun 19, 2020RDA
2727 EARP ST362103505ClosedDec 29, 2016Jun 19, 2020RDA
2735 EARP ST362103905ClosedDec 29, 2016Jun 19, 2020RDA

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