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ITEM ~ 8. <br />t~ver <br />MEMORANDUM <br />TO: Housing & Redevelopment Authority <br />FROM: Catherine Mehelich, Director of Economic Development~~"G <br />DATE: October 2, 2006 <br />SUBJECT: Information -Sale Listing for Property Described as 356 Jackson Ave <br />Attachment <br />Listing Profile for 356 Jackson Ave NW, LandCor Companies, dated August 22, 2006. <br />Issue <br />The property located at 356 Jackson Ave (former Circle C gas station) was recently listed for sale or <br />lease by LandCor Companies. The listing agent requested this information be forwarded to the <br />HRA fox consideration of acquiring. <br />Staff recommends that the HRA's purchase of this property would be premature due to the HRA's <br />limited financial resources and the undetermined redevelopment potential of the property until the <br />Downtown Redevelopment Plan is completed. <br />