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BI <br />UDGET MPLICATIONS <br />30 <br />The REDA has $431,000 in the 720 Single Family/Housing Replacement Program after the purchase of <br />31 <br />stnd <br />196 S. McCarrons Blvd. If the REDA determines that they would like to retain a 1/2mortgage on <br />32 <br />the sale of 196 S. McCarrons Blvd,then the acquisition price of $115,000 would be an accounts <br />33 <br />receivable. <br />34 <br />SR <br />TAFF ECOMMENDATION <br />35 <br />Consider the application for thesale of 196 S. McCarrons Blvd to Journey Home, MN and, if accepted, <br />36 <br />hold a public hearing for comments and resolution adoption. <br />37 <br />REDABA <br />EQUESTED OARD CTION <br />38 <br />Make motion to approve the application for the sale of 196 S. McCarrons and hold a Public Hearing for <br />39 <br />Consideration and Adoption of the Resolution. <br />40 <br />Prepared by:Jeanne Kelsey, Housing Economic Development Program Manager, 651-792-7086 <br />41 <br />Attachments:A:Site <br />B: Application <br />C:Notice of Public Hearing <br />D:Resolution <br />Page 2of 2 <br /> <br />