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ITEM # 7. <br />liver <br />MEMORANDUM <br />TO: Housing & Redevelopment Authority ~ <br />FROM: Catherine Mehelich, Director of Economic Development~~~// <br />DATE: August 7, 2006 <br />SUBJECT: Downtown North of Hwy 10 Redevelopment Plan Update <br />Background <br />At its June meeting the HRA reviewed the findings of the preliminary financial modeling. <br />The financial modeling template was developed to begin testing the financial feasibility of <br />sample land uses in the redevelopment area. <br />Update <br />Staff has been drafting changes to the recent financial modeling template to reflect the <br />direction provided by the HRA. Staff has been working through several issues that require <br />additional feedback and direction from the HRA regarding the original premise and vision <br />for this redevelopment area to be an "extension of downtown". Staff recently met with <br />HRA Chair Wilson to discuss the issues and received his agreement to organize an HRA <br />work session to be held in September to discuss the issues. <br />