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The Commission currently owns approximately half of the land mass in this area. The <br />acquisitions in this area effect 11 property owners, two of which are vacant lots, and <br />another, who is the next largest land owner in this area, has expressed an interest in <br />selling to the Commission if final approval is granted. <br />Estimated redevelopment cost for these properties is $1 million. <br />Estimated redevelopment costs for this area include acquisition, demolition, relocation, <br />appraisals, surveys, title work, environmental reports, etc. <br />Staff believes it would be of public utility and benefit to amend the Development Plan by <br />adding these properties to the acquisition list, and allowing these acquisitions. <br />Staff requests favorable approval for this request. <br />Memo To RC re Property Info for 7.10 mtg.doCWhat We Do Today Makes A Difference! <br />