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<br />Sale of City-Owned Property <br />Located at 435-437 Birch Street <br />March 15, 2004 <br />Page 2 <br /> <br />. appropriate to support the City's development ~bjectives for this site. <br />Staff therefore recommends that the City sell 435-437 S. Birch Street to <br />the Community Redevelopment Agency for $411,000, which represents the <br />original acquisition cost. The development will be sensitive to the. <br />historic character of the surrounding neighborhood and has been designed <br />with. the full input and support of the Association. <br /> <br />J'rsCAL DlPACT <br /> <br />Funds for the acquisition of this property are available in the South <br />Harbor Low and Moderate Housing Fund (account no. 504-936-6611). <br />Proceeds from the sale of the property to the Communi ty Redevelopment <br />Agency will be deposited in the City's HOME Program (account no. 130- <br />148-6631/00094) . <br /> <br />APPROVED. AS TO FUNDS AND ACCOUNTS: <br /> <br />()¡¿'LA <br /> <br />Jor{l P; Reekstin <br />Executive Director <br />. Community Development <br /> <br />Agency <br /> <br />\~ <br /> <br />\?Execut ve Director <br />Finance & ~nagement Services AgencY.ß <br /> <br />JPR/SK/m1r <br /> <br />H,Action8\2004CC\.:rr CC-CllA-SaleoU35-435Bir<:h 3-15-04 <br /> <br />55D-2 <br /> <br />....-...-.------ <br /> <br />.-----.---- <br />