05-12-1997 EDA - Laserfiche WebLink

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City of Mounds View May 12, 1997 isHousing Replacement Program Page 4 EDA will not enter into a purchase agreement purchase-property or award funding for demolition on a property which qualifies for the National Registry of Historical Structures. H. Program Priorities • 1- If more than one application for acquisition or demolition funding has been received during a given month, the Program Staff shall rank the applications to determine the best candidates for Program participation based on the information and criteria noted below: Based on the abuvo information,EDA stair, or their appointee(s), will identify the best L a: Properties must be able to meet the EDA development tune fanre that can meet EDA established guidelines and time frame will be considered first. 2. b: Properties with the lowest values and poorest visible conditions une or more of the . • ' _ . will be considered first. • .. • •• • .' •• 3. C Properties purchased should be equally distributed by location and value throughout the City districts when possible, and provide a viable financial mix of properties to support Program financial requirements. I. Option 1: Acquisition of Property by EDA 2 L Blight Qualification: Once an offering letter is received from the interested participant, EDA Program Sta', . ' . •• , ••• shall of the-properties-and arrange, by appointment, an inspection of the interior of the home to establish for blight qualification as outlined in Section G. 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: • 4