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DRAFT <br /> City of Mounds View <br /> • Housing Replacement Program <br /> solicitation in writing, with a letter indicating: <br /> a. For Option 1: (Sale of Property to EDA): <br /> (1) An interest in selling their property to the EDA. <br /> (2) A willingness to waive relocation benefits. <br /> (3) Statement of tenant interest in the property at the time of offer. <br /> (4) Consent to the release of relevant information to potential developers and end <br /> buyers. <br /> b. For Option 2 (Funding for Demolition): <br /> (1) An interest in obtaining funding for demolition from the EDA to replace existing <br /> housing with standard housing meeting EDA guidelines. <br /> (2) Willingness to hold the EDA harmless for demolition activities <br /> (3) Willingness to enter into a legal development agreement with the EDA regarding <br /> redevelopment of the property <br /> 3. Individuals who have indicated an interest in participating shall be contacted by Program <br /> Staff to inform them of the estimated project time line and to obtain complete information on <br /> • the items noted under F.2. above. <br /> G. Property EligibilityCriteria <br /> Program Staff shall evaluate each property for which an application is received to determine its <br /> eligibility for the Program based on the criteria in this section. Program Staff shall prepare <br /> property fact sheets for each property for which owners have expressed an interest in <br /> participating in the Program, and shall make a drive by inspection. Properties will be evaluated <br /> based on the following criteria outlined below. To be eligible for participation, the house on the <br /> property must have one of the characteristics noted in 1, 2, 3 or 4 below. <br /> 1. Substandard as to condition, property value, size or usage. <br /> 2. Obsolete and having a faulty design for block and area in which it is located. <br /> 3. Deterioration which has caused blight to other adjoining properties. <br /> 4. Detrimental to the safety or health of abutting properties in the block. <br /> If it is determined that the property is eligible for participation based on the condition of the <br /> house, it must also meet the following criteria as outlined in 5-8 below. <br /> 5. A geographic mix of properties is achieved. <br /> 6. The site can be developed with a single family home within city code requirements, <br /> including zoning and conformance with the Comprehensive Plan. The property may be <br /> • considered if a variance can be obtained (see Section I.2.). <br /> 7. The property must be owner-occupied or vacant before the owner makes application to <br /> Page 2 <br />