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Redevelopment Commission appropriates $40,000 to acquire downtown property at 234 Saint Joseph Street
Summary
The commission approved an appropriation of $40,000 from Downtown Allocation Area No. 1 to purchase 234 Saint Joseph Street, covering purchase price and closing costs; any excess funds will return to the allocation area fund.
The Redevelopment Commission approved a June 10 motion to appropriate $40,000 from Downtown Allocation Area No. 1 special fund to complete acquisition of 234 Saint Joseph Street.
Staff said the commission had previously accepted an offer for the property by voice vote and that the appropriation covers the purchase price and closing costs; any excess after closing will be returned to the allocation area special fund.
The motion passed by voice vote with no public comment recorded.
