4. HRSR 11-06-2017 ');( .,
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Request for Action
River
To Item Number
Housing&Redevelopment Authority 4
Agenda Section Meeting Date Prepared by
Special Meeting November 1,2017Amanda Othoudt,EDD
Item Description � Reviewed by
Main Street Property Redevelopment Plan Cal Portner,City Administrator
Reviewed by
Action Requested
Discuss the updated budget for the Main Street Redevelopment Plan.
Background/Discussion
The Mississippi Connections Plan was adopted by the City Council on December 3,2012. The plan
outlines the redevelopment framework which was designed by necessity to have a long term horizon for
completion.
Staff will present the updated budget for this project.
Financial Impact
The HRA has budgeted$20,000 to implement the Mississippi Connections Plan in 2017
Attachments
• Budget for Main Street Properties
IPOIERED 1Y
NATURE
Project: Main Street Redevelopment Project
Parcel Estimated Acquisition Costs Appraisals Estimated Demo
75-401-0130 $180,000 $1,000 20,000
75-401-0135 $120,000 $450 20,000
75-401-0140 $145,000 $450 20,000
75-401-0145 $160,000 $1,000 20,000
75-401-0105 $110,000 $450 20,000
75-401-0110 $113,000 $450 20,000
75-401-0115 $164,000 $450 20,000
Totals $992,000 $4,250 100,000