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• MEMO TO: PARKS AND RECREATION COMMISSIONERS <br /> FROM: MARY SAARION <br /> DATE: FEBRUARY 13 , 1996 <br /> SUBJECT: UPDATE REGARDING THE SALE OF THE BEL RAE <br /> The Economic Development Authority adopted a resolution Monday, <br /> February 12 , 1996 to put earnest money down on the purchase of <br /> the Bel Rae. An appraisal is being conducted on the property and <br /> building. In addition, other information is being gathered. The <br /> proposed purchase of the Bel Rae continues to move forward at <br /> this time. The School District and City have and continue to <br /> discuss options for monetary contribution to the facility. <br /> I have submitted a Community Development Block grant to Ramsey <br /> County for the purchase of teen center equipment should the <br /> building indeed become a Community Center with a teen center. <br /> i <br /> • <br />