01-13-1997 EDA - Laserfiche WebLink

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.. . : . �,-. -.s.. -` _ _ __ _ - _ . d. Consent to the release of relevant information to potential developers and end buyers. Owners who have expressed an interest in selling must be contacted to inform them of the estimated project time line and solicit the required written response. Property Selection Criteria EDA staff, or their appointee(s), will prepare property fact sheets for properties which owners have expressed an interest in selling, and make a drive by inspection. Properties will be evaluated based on the following criteria. To be eligible for acquisition, properties must meet criteria # 1 a, b, c or d; and #2 through #5. 1. The property is: a. Substandard as to condition, size or usage. b. Obsolete and of a faulty design for blocic and area in which it is located. c. A deteriorating factor which has caused blight to other adjoining properties. d. Detrimental to the safety or health of abutting properties in the blocic. 2. An effort will be made to provide a geographic mix of properties. The site can be developed with a single family home within city code requirements, including zoning and conformance with the Comprehensive Plan. 4. The property must be owner-occupied or vacant before the owner should consider offering it to the EDA. Tenant occupied properties will not be considered for purchase. Prior to acquisition by the EDA, properties over 50 years old must be evaluated for historical significance. This will be accomplished by forwarding general property information and a property photo to the Minnesota Historical Society for review. This should be confirmed prior to signing a purchase agreement. The EDA will not purchase property which qualifies for the National Registry of Historical Structures. Property Evaluation Procedures Based on the above information, EDA staff, or their appointee(s), will identify the best candidates for acquisition. The following will be considered in that evaluation: 2