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, -_ _ <br />MEMORANDUM <br />To: Mounds View City Council <br />From: Cathy Bennett, Economic Development Coordinator � <br />Subject: Addition to EDA Agenda <br />Date: September 23, 1996 <br />Since the EDA pacicet was completed prior to the Council pacicet, I would request that an item be <br />added to the agenda to address the purchase of tax forfeiture lands with tax increment funds. <br />The information regarding the property will be presented as item 11 G under council business. <br />The staff recoirunendation is for Council to recommend the EDA purchase the properties as part <br />of the housing replacement program. <br />I have attached resolution no. 96-EDA54 which would approve and authorize the purchase of <br />both properties for an amount not to exceed $45,000 using tax increment funds. <br />cc: Chucic Whiting <br />