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City of Mounds View <br /> • Housing Replacement Program Page 8 <br /> of new taxes generated based on the construction of replacement cost. <br /> 5. Demolition Contract: The interested participant must obtain three estimates for <br /> demolition which will assist in determining the amount of demolition funds to award for <br /> the project. The chosen demolition contractor must be able to meet project deadlines as <br /> outline by Program Staff. The demolition contractor will be required to obtain all <br /> necessary City permits and pay applicable fees. Overall demolition supervision will be <br /> provided by a designated Program Staff in conjunction with the interested participant. <br /> Economic Development Authority <br /> By: <br /> Its President <br /> • <br /> By: <br /> Its Executive Director <br /> Revised: February/ 1998 <br /> • N:\DATA\GROUPS\COMDEV\MVHRP\HRPI 98.WPD <br /> 8 <br />