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MEMORANDUM <br /> DATE: October 6, 1999 <br /> TO: Chair and Commissioners, HRA <br /> FROM: Michael Morrison, City Manager <br /> ITEM: KENZIE TERRACE REDEVELOPMENT PROJECT <br /> In 1995 and 1996, the City amended the redevelopment plan to redevelop properties along Kenzie <br /> Terrace and Lowry Avenue. The City set aside $1.3 million for the purchase and demolition of the <br /> properties. 2548 Kenzie Terrace is for sale. The attached resolution proposes to purchase 2548 <br /> Kenzie Terrace for $105,000. Funds for this purchase will come from the Kenzie Terrace TIF <br /> District. <br /> The owner, William Wojcik, has agreed on a closing of the property by the end of this year. In <br /> addition, Mr. Wojcik has requested to remain in the home until April 1, 2000. <br />