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DRAFT <br />City of Mounds View <br />Housing Replacement Program <br />able to furnish proof of ownership of the property, and are required to respond to the <br />EDA solicitation in writing, with a letter indicating: <br />a. For Option 1: (Sale of Property to EDA): <br />(1) An interest in selling their property to the EDA. <br />(2) A willingness to waive relocation benefits. <br />(3) Statement of tenant interest in the property at the time of offer. <br />(4) Consent to the release of relevant information to potential developers and end <br />buyers. <br />b. For Option 2 (Funding for Demolition): <br />(1) An interest in obtaining funding for demolition from the EDA to replace <br />existing housing with standard housing meeting EDA guidelines. <br />(2) Willingness to hold the EDA harmless for demolition activities <br />(3) Willingness to enter into a legal development agreement with the EDA <br />regarding redevelopment of the property <br />Individuals who have indicated an interest in participating shall be contacted by Program <br />Staff to inform them of the estimated project time line and to obtain complete information <br />on the items noted under F.2. above. <br />G. Property Eligibility Criteria <br />Program Staff shall evaluate each property for which an application is received to determine <br />its eligibility for the Program based on the criteria in this section. Program Staff shall prepare <br />property fact sheets for each property for which owners have expressed an interest in <br />participating in the Program, and shall make a drive by inspection. Properties will be <br />evaluated based on the following criteria outlined below. To be eligible for participation, the <br />house on the property must have one of the characteristics noted in 1, 2, 3 or 4 below. <br />1. Substandard as to condition, property value, size or usage. <br />2. Obsolete and having a faulty design for block and area in which it is located. <br />3. Deterioration which has caused blight to other adjoining properties. <br />4. Detrimental to the safety or health of abutting properties in the block. <br />If it is determined that the property is eligible for participation based on the condition of the <br />house, it must also meet the following criteria as outlined in 5-8 below. <br />5. A geographic mix of properties is achieved. <br />6. The site can be developed with a single family home within city code requirements, <br />including zoning and conformance with the Comprehensive Plan. The property may <br />be considered if a variance can be obtained (see Section I.2.). <br />Page 2 <br />