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ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM I <br /> Memo No. 07-54 <br /> April 11, 2007 <br /> TO: Honorable Mayor Paul Osborne and City Council Members <br /> FROM: Steve G , City Manager �, <br /> Greg Cro e Director of Economic&Urban Developme� �, <br /> SUBJECT: Resolution of Intent to Reimburse the Planning Fund with Olde Towne TIF Funds I <br /> for powntown Property Acquisition Costs I <br /> Staff recommends approval of the attached resolution of intent to reimburse the Planning Fund <br /> with Olde Towne TIF funds for costs related to the acquisition of property in the 300 Block of <br /> North Water Street to further powntown redevelopment. <br /> The City Council approved the acquisition of properties as part of the redevelopment agreement <br /> with Reynolds Development to rehabilita.te the 300 Block of North Water Street. <br /> If Council members ha.ve questions they may contact Greg Crowe, Director of Economic and <br /> Urban Development, 424-2727, or at gccrowe@decatumet.org <br />