This property was owner occupied and was rented recently and the tenant was asked to leave after a gun incident.  The owner is aware of the redevelopment and had originally planned to retire to this house.  After discussions, he and his wife decided to sell.  The house appraised for $212,000 and we will be providing them $13,000 to assist in the removal of their personal property that is stored in the garage and other recent expenses.

The property will be incorporated into the new developed with the Atwood site.  Since the property is currently vacant, the owner would like to close quickly.  The EDA would fund this and be reimbursed out of the TIF.