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• <br /> MEMORANDUM <br /> DATE: June 19, 1997 <br /> TO: Chair & Commissioners, HRA <br /> FROM: Michael Mornson, Executive, Director <br /> ITEM: KENZIE TERRACE REDEVELOPMENT PROJECT <br /> • <br /> In 1995 and 1996, the City amended their redevelopment plan to redevelop <br /> properties along Kenzie Terrace and Lowry Avenue. 2542 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 2542 Kenzie Terrace for <br /> $82,500 <br /> • <br />