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The Department of Natural Resources has not yet expressed interest in purchasing the property,in which <br /> case the property would be available for purchase at a public auction later this fall. <br /> As mentioned at the work session on April 4,if the property goes to public auction this fall, a potential <br /> buyer could ultimately take advantage of the $25,000 HRA Rehabilitation Loan Program or the $75,000 <br /> Residential Blighted/Demolition Loan Program,provided the property meets the criteria outlined in the <br /> policy. Staff has connected with Sherburne County staff to promote these programs to potential buyers. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Stembrecher Companies,Inc. Estimates <br /> ■ Cost Breakout <br /> N:\Departments\Community Develop ment\Economic Develop ment\HRA\Administrative\Agenda\2016\7-5-16 Special mtg\3.0 sr 18584 Troy <br /> Street Update.docx <br />