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<br /> <br /> <br />RM I <br />15 South Fifth Street, Suite 710 <it Minneapolis, MN 55402 <br />phone: (612) 339-0601 .. fax: 612-339-0608 <br />e-mail: bbuelow@gmmhc.orQ <it website: www.gmhctc.org <br /> <br /> <br />Cathy Bennet <br /> <br /> <br />"* <br /> <br /> <br /> <br />MEMORANDUM <br /> <br />- <br /> <br />TO: <br /> <br /> <br />.J- <br /> <br /> <br />FROM: <br /> <br />Bill Buelow <br /> <br />RE: <br /> <br />2012 Eldridge <br /> <br />DATE: <br /> <br />August 2, 2002 <br /> <br />Cathy, <br /> <br />Attached is a preliminary pro forma for developing 2012 Eldridge. <br />A few questions remain such as the acquisition price and finished appraised value. In the pro forma, I used the <br />owner's asking price of $143000 and our agent initially thought our new home could sell for about $300000 to <br />325000. I will continue to work with our marketing agent to firm up these numbers. <br /> <br />Please review the pro forma and let me know your ideas on what the city participation could be. <br /> <br />- <br /> <br /> <br /> <br /> <br />Thank You, <br /> <br />- <br /> <br />"... <br /> <br />Bill Buelow <br /> <br /> <br />- <br /> <br /> <br /> <br />