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<br />. <br /> <br />MEMO <br /> <br />DATE: January 5, 2001 <br /> <br />TO : Honorable Mayor and Council <br /> <br />FROM: Jim March <br /> <br />RE : Chauncey Barett Gardens Budget - Anoka County HRA <br /> <br />............................................................................ <br /> <br />A copy of the operating budget for Chauncey Barett Gardens is included in your packet. <br />This budget is for informational purposes only. <br /> <br />The Anoka County BRA keeps the City informed in regards to the project because the <br />City's name is on the essential function bond that financed the project. I do not believe <br />there has been a single vacancy in the facility since it was constructed. There is also a <br />substantial waiting list for the units. As you will see in the budget, the facility maintains <br />a positive cash flow. There is no action required on this item. <br />