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DRAFT <br /> City of Mounds View <br /> Housing Replacement Program <br /> the Program. Non-homesteaded vacant property will be considered for acquisition. <br /> Tenant-occupied properties will not be considered for purchase or funding for <br /> demolition by the EDA on a case-by-case basis. <br /> 8. Prior to approval by the EDA for participation in the Program, properties over 50 years <br /> old must be evaluated for historical significance. This will be accomplished by <br /> forwarding general property information and a property photo to the Minnesota <br /> Historical Society for review. The EDA will not enter into a purchase agreement or <br /> award funding for demolition on a property which qualifies for the National Registry of <br /> Historical Structures. <br /> H. Program Priorities <br /> If more than one application for acquisition or demolition funding has been received during a given <br /> month, the Program Staff shall rank the applications to determine the best candidates for Program <br /> participation based on the information and criteria noted below: <br /> 1. Properties that can meet EDA established guidelines and time frame will be considered first. <br /> 2. Properties with the lowest values and poorest visible conditions will be considered first. <br /> •3. Properties should be equally distributed by location and value throughout g the City when <br /> possible, and provide a viable financial mix of properties to support Program financial <br /> requirements. <br /> I. Option 1: Acquisition of Property by EDA <br /> 1. Blight Qualification: Once an offering letter is received from the interested participant, <br /> Program Staff shall arrange, by appointment, an inspection of the interior of the home to <br /> establish blight qualification as outlined in Section G. The following information will also <br /> be obtained during the inspection: <br /> a. Demolition information for estimating demolition credit to builder. <br /> b. A determination as to the existence of any hazardous materials on the property. This <br /> includes: <br /> (1) a visual inspection <br /> (2). a statement from the interested participant regarding any knowledge of the <br /> property's use for production, storage, deposit, or disposal of any toxic or <br /> hazardous wastes or substances or asbestos products whatsoever, during the time <br /> the interested participant owned the property and prior to the date of interested <br /> participant purchased property. Properties with environmental problems or <br /> hazards may be considered if the purchase price is reduced sufficiently to cover <br /> increased site clearance and preparation costs. . <br /> Page 3 <br />