Agenda Packets - 1999/06/21 - Laserfiche WebLink

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City of Mounds View DRAFT Housing Replacement Program (Revised June 1999) A. Statement of Purpose The Mounds View Economic Development Authority Housing Replacement Program ("Program") is established to reduce the social costs of blight, improves residential neighborhoods and increase the tax base. B. Program Objectives • Replace deteriorating lower value housing on scattered sites throughout the City with larger, higher value housing designed for families. • Eliminate the blighting influence of substandard housing. • Increase the availability for quality housing for families. C. Program Funding The Program is funded through Tax Increment Financing and administered by the Mounds View Economic Development Authority (EDA). D. Data Privacy All files and information, which identifies property and persons, is private and cannot be released. All information secured through the Program is subject to the Data Privacy Act. E. Program Options The Program offers two options for participation. Option ion 1: This option involves the sale of substandard single family homes and land to the EDA. The EDA's goal is to offer the property for sale for the redevelopment of new, standard housing. Option ion 2: This option involves the property owner retaining the property where a substandard single family house is located, and receiving funding from the EDA for demolition of the house with an agreement that it will be replaced with standard housing meeting certain EDA guidelines and time frame. F. Publicizing the Program; Making Application 1. EDA staff, or their appointee(s) ("Program Staff'), will solicit participants by direct mail, advertisement, or other method. The number of applications accepted for participation in the Program will be determined by the availability of personnel and financial resources. 2. Participation in the Program must be on a voluntary basis. Interested participants must be