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Item No. 5P <br /> Meeting Date: 10-26-98 <br /> Staff Report No. <br /> Type of Business:EDAB <br /> WK Work Session;PH:Public Hearing; <br /> CA:Consent Agenda;EDAB:EDA Business <br /> Mounds View Eoonomlo Development Authority <br /> Staff Report <br /> To: Mounds View Economic Development Authority <br /> From: Steve Dorgan, Housing Inspector <br /> Item Title/Subject: MVHRP—Purchase Agreement for 6991 Pleasant View Dr. <br /> Date of Report: October 21, 1998 <br /> SUMMARY <br /> Purchase Agreement <br /> At the EDA meeting on June 22, 1998 the Commission approved the purchase of 6991 Pleasant View <br /> Drive as part of the Housing Replacement Program. The approved purchase price for the property is <br /> $60,500. Staff has prepared a purchase agreement for the EDA to acquire the property. The owner has <br /> recently signed the purchase agreement and has tentatively scheduled a closing with the City for December <br /> 18, 1998. <br /> Hazardous Materials Assessment • <br /> As part of the site acquisition,HRP policy requires a Hazardous Materials Survey to be completed. Staff <br /> has received three separate bids for completion of the required work Airtech Environmental,Inc <br /> submitted the low bid of$630.00. Staff is in the process of arranging for the survey to be performed. <br /> ACTION TO BE CONSIDERED <br /> Approve EDA Resolution No. 98-EDA-98 authorizing the purchase agreement for the property located at <br /> 6991 Pleasant View Drive as part of the Housing Replacement Program. <br /> Sm:VZ)s <br /> Steve Dorgan,Housing Inspector <br /> 717-4023 <br /> Attachments: 1) Purchase Agreement for 6991 Pleasant View Drive <br /> 2) Resolution 98-EDA-98 <br /> N:\DATAWROZJPSVICONDEWMVNRP6991PLEMAPR1L 13.REP <br /> • <br />