04-27-1998 EDA - Laserfiche WebLink

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Item No. 66 A • Staff Report No. • Meeting Date: 4-27-98 • Type of Business: EDAB WK.•Work Session;PH:Public Hearing; • CA:Consent Agenda;EDAB:EDA Business Mounds View Economic Development Authority Stafi' Re port • • To: Mounds View Economic Development Authority From: Steve Dorgan,Housing Inspector Item Title/Subject: • Housing Replacement Program Property Status Date of Report: April 24,1998 Due to several changes in properties, staff thought it may be timely to update the EDA on the status of properties currently involved in the Housing Replacement Program(HRP). Earlier this year, staff took a proactive approach to marketing the HRP by identifying properties as to condition based both on Ramsey County Assessing Data and a windshield survey.The owners of the selected properties were notified of the HRP offered by the city. In recent months, staff has received several requests from homeowners for consideration in the HRP. Of these requests,two properties have qualified for the HRP. The following provides a status of properties which has received EDA approval for participation in the HRP: 8265 pring Lake Road • • This lot was acquired by the EDA last year and sold to Preferred Builders in January of this year..Since the sale of the lot,Preferred Builders has applied for and received a building setback variance from the city. Discrepancies in the easement documents were recently discovered in the purchase agreement. Corrections to these documents have been made and are in the process of being recorded. It is anticipated that Preferred.Builders will be obtaining their building permit and begin construction in the next week. The purchase agreement requires the home to be built by July 1, 1998. 8283 Long Lake Road This property was acquired last year and is currently owned by the EDA. Last fall the EDA requested proposals for purchase of the property and received an offer from Preferred Builders. The EDA requested the developer explore options for acquiring adjacent properties for the creation of a small subdivision. In recent conversations with Preferred Builders,they have informed staff that they are • working to acquire two of the surrounding properties. Staff has also received numerous requests for purchase of the property. Interested parties have been informed of the EDA's request for a more efficient development of the property. 8005 Groveland Road Last year,the owner of the property approached for participation in the HRP. There was some inquiry as to what the best use of the property due to an adjacent vacant lot and its proximity to Steve's Appliance. Several options regarding the property were explored,including; 1)acquiring the property for development of single family homes 2)rezoning the property to multiple family housing 3)rezoning the property to commercial and possibly selling the property to Steve's Appliance for expansion of their business. The appraisal of the property was higher than previously acquired HRP properties. The last direction by the EDA was to wait for a potential acquisition of an adjacent commercial property.