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, , . <br /> CONFIOENTIAL <br /> ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM <br /> NO. 00-179 <br /> November 28, 2000 <br /> TO: Honorable Mayor Terry M. Howley and City Council Members <br /> FROM: Steve Ga City Manager <br /> A.J. Krieg , ssistant City Manager� <br /> RE: Purchase of owntown Property <br /> Approval of the attached resolution will allow the purchase of property located on the east side of <br /> the 300 block of North Water Street. <br /> The O1deTowne Redevelopment Plan of the City of Decatur Illinois, approved by the City <br /> Council in May of this year, anticipated the purchase and eventual demolition of property in order <br /> to facilitate redevelopment. The following property is set to be purchased: � <br /> 3 06-12 N. Water <br /> 311 N. State ' <br /> 320 N. Water � <br /> 328 N. Water � <br /> 340 N. Water <br /> 354-64 N. Water <br /> 221 E. North , <br /> Purchase price is $825,000. Staffrecommends approval. I�! <br />