Laserfiche WebLink
City of Mounds View DRAFT <br /> Housing Replacement Program <br /> (Revised June 1999) <br /> A. Statement of Purpose <br /> The Mounds View Economic Development Authority Housing Replacement Program <br /> ("Program") is established to reduce the social costs of blight, improves residential <br /> neighborhoods and increases the tax base. <br /> B. Program Objectives <br /> • Replace deteriorating lower value housing on scattered sites throughout the City with larger, <br /> higher value housing designed for families. <br /> • Eliminate the blighting influence of substandard housing. <br /> • Increase the availability for quality housing for families. <br /> C. Program Funding <br /> The Program is funded through Tax Increment Financing and administered by the Mounds View <br /> Economic Development Authority(EDA). <br /> D. Data Privacy • <br /> All files and information, which identifies property and persons, is private and cannot be <br /> released. All information secured through the Program is subject to the Data Privacy Act. <br /> E. Program Options <br /> The Program offers two options for participation. <br /> Option 1: This option involves the sale of substandard single family homes and land to the <br /> EDA. The EDA's goal is to offer the property for sale for the redevelopment of new, <br /> standard housing. <br /> Option 2: This option involves the property owner retaining the property where a <br /> substandard single family house is located, and receiving funding from the EDA for <br /> demolition of the house with an agreement that it will be replaced with standard housing <br /> meeting certain EDA guidelines and time frame. <br /> F. Publicizing the Program; Making Application <br /> 1. EDA staff, or their appointee(s) ("Program Staff'), will solicit participants by direct mail, <br /> advertisement, or other method. The number of applications accepted for participation in the <br /> Program will be determined by the availability of personnel and financial resources. <br /> 2. Participation in the Program must be on a voluntary basis. Interested participants must be <br /> able to furnish proof of ownership of the property, and are required to respond to the EDA <br />