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ITEM # 7. <br />liver <br />MEMORANDUM <br />TO: Housing & Redevelopment Authority <br />FROM: Heidi Steinmetz, Assistant Director of Economic Development <br />DATE: November 7, 2005 <br />SUBJECT: Discuss House for Sale on Irving Avenue <br />Attachments <br />• Property pricing/details <br />• Zoning/location map <br />Purpose <br />The purpose of this memorandum is to respond to the HRA's October 3, 2005 request for <br />more information regarding the single family home that is for sale on Irving Avenue <br />downtown north of Hwy 10. <br />Issue <br />Commissioner Toth provided the attached property pricing/detailed information. Also <br />attached is a map indicating the location and adjacent zoning of the property. <br />The home is priced at $129,900 and is currently unoccupied. <br />Background & Recommendation <br />The HRA began working in June of 2004 on a conceptual redevelopment plan for <br />downtown north of Hwy 10 and this property is located within the plan area. <br />Since it was the HRA's October 3"' consensus to begin work on a formal redevelopment <br />plan for the area, staff's recommendation is that the HRA postpone purchasing property <br />until the plan is completed. <br />