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MEMORANDUM <br /> DATE: July 29, 1997 <br /> TO: Chair & Commissioners, HRA <br /> FROM: Michael Morrison, Executive Director <br /> ITEM: KENZIE TERRACE AND LOWRY AVENUE NE' <br /> • REDEVELOPMENT PROJECT <br /> In 1995 and 1996, the City amended their redevelopment plan to redevelop <br /> properties along Kenzie Terrace and Lowry Avenue. 2546 Kenzie Terrace is <br /> for sale. <br /> The City set aside $1.3 million for the purchase and demolition of the <br /> properties. The resolution proposes to purchase 2546 Kenzie Terrace for <br /> $62,000.00. <br />