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the property. <br />2. Once a negotiated price has been reached, a contract for purchase, with the <br />attached form of purchase agreement and "waiver of relocation payment" form <br />must be executed by the seller for the acquisition process to continue. The <br />relocation benefits which the seller agreed to waive, must be clearly explained at <br />this time, if not explained previously. <br />3. The acquisition and disposition of the property is in conformance with the Mounds <br />View Comprehensive Plan. <br />4. Following EDA authorization of these agreements seller will be requested to <br />assemble or supply all required documentation prior to closing. <br />5. The seller must be prepared to vacate the property on the day of closing. <br />Special considerations during the acquisition process: <br />a. Non-homestead vacant property will be considered for acquisition. <br />b: Tenant occupied property cannot be acquired. <br />c. Property expenses related to maintenance, taxes, and insurance should be <br />minimized since the EDA does not intend to retail title to the property. <br />d. Review appraisal services may be part of the negotiating process to deternvne <br />purchase price. <br />e. Negotiated prices considerably below the assessor's marlcet value, may be <br />accepted without appraisal on a case by case basis if the seller concurs. <br />f. Number of acquisitions is deternuned by available resources (funding and staf�. <br />