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Blaine authorizes purchase of a redevelopment parcel in 105th district for $980,000
Summary
The council authorized a purchase agreement to acquire a parcel in the 105th redevelopment corridor for $980,000 (including $50,000 in tenant relocation) to meet master‑developer timeline commitments; funding comes from recent tax increment financing bonds.
The City Council authorized staff to execute a purchase agreement for a property within the city’s 105th redevelopment district at a purchase price of $980,000, which includes $50,000 earmarked for tenant relocation.
Community Development Director Eric Thorvig said the acquisition follows work over the last two years to create a master development plan and financing agreements. He told…
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