Agenda Packets - 1999/07/12 - Laserfiche WebLink

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UNAPPROVED 5. EDA BUSINESS A. Consideration of Resolution 99 -EDA -114 authorizing the acquisition of property located at 2225 Hillview Road for the Housing Replacement Program Community Development Director Jopke stated that the Authority had approved the acquisition of 2225 Hillview Road for participation in the Housing Replacement Program at their last regular meeting on May 24, 1999. He stated that EDA had directed staff to pursue the use of Community Development Block Grant funds appropriated to the EDA by Ramsey County for the acquisition and clearance of the subject lot. He noted that the use of Community Development Block Grant funds by the City for the acquisition and demolition of property is contingent on guidelines set by the Department of Housing and Urban Development. The guidelines include the value of the home and land, as well as the overall condition of the proposed home. He stated that he had additional discussion with Ramsey County in regard to the Community Development Block Grant program, and had requested funding flexibility in that area. He noted that it was hoped that this would be the type of funding utilized for the project. He noted that, in the event the property did not meet the Federal guidelines for use of Community Development Block Grant funding, the option of the use of Tax Increment Funds was available. Jopke stated that the Authority had directed staff to prepare a resolution approving the use of Community Development Block Grants and/or Tax Increment Funds for the appraisal and acquisition of the subject lot. Staff recommended that the Authority approve Resolution No. 99 - EDA -114, authorizing the acquisition of the property for participation in the Housing Replacement Program. Commissioner Marty asked when they would know if the Community Development Block Grant funding was approved. Jopke stated that the first step will be to obtain an appraisal of the subject property. He indicated that there was some concern regarding the removal of the existing affordable housing and simply replacing it with newer affordable housing. He added that the resident had authorized them to proceed with the project. Commissioner Marty asked if there were time constraints regarding the proposed funding. Jopke stated that there were none, adding the Community Development Block Grant funds become available in the month of July. He noted that the property owner was anxious to move. MOTION/SECOND: Thomason/Stigney. To adopt Resolution No. 99 -EDA -114, a resolution approving and authorizing the appraisal and acquisition of 2225 Hillview Road as part of the EDA's Housing Replacement Program Ayes — 4 Nays — 0 Motion carried. B. Consideration of Resolution 99 -EDA -115, amending the Housing Replacement Program Policy Community Development Director Jopke stated that at the EDA meeting on May 24, 1999, direction had been provided by the Authority to amend the Housing Replacement Program