01-13-1997 EDA - Laserfiche WebLink

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_ _ a. Properties must be available to meet the EDA development time frame. b. Properties with one or more of the following characteristics should be considered first: lowest values poorest visible eonditions located in average to better neighborhoods c. Properties purchased should be equally distributed by location and value through the districts when possible, and provide a viable financial mix of properties to support program financial requirements. Given the above considerations, each site will be evaluated on a case by case basis. 2. Once an offering letter is received, EDA staff, or their appointee(s), will contact the owners of the properties and arrange an inspection of the interior for blight qualification. The following information will also be obtained during the inspection: a. Demolition information for estimating demolition credit to builder. b. A determination as to the existence of any hazardous materials on the property. This includes: a visual inspection a statement from the seller regarding any knowledge of the properties use for production, storage, deposit, or disposal of any toxic or hazardous wastes or substances or asbestos products whatsoever, during the time seller owned the property and prior to the date of seller purchased property. Properties with environmental problems or hazards may be considered if the purchase price is reduced suf�iciently to cover increased site clearance and preparation costs. If a property meets the blight test, acquisition procedures can continue. If the blight test cannot be met, the property cannot be considered for acquisition. 4. If a variance is required to redevelop the property, the EDA may, at its sole discretion, choose not to acquire the property. This determination will be made based on the project time lines, available resources, and availability of more desirable properties which do not require a variance.