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CC Memo - 2091 Hillview Road <br /> September 3, 1998 <br /> Page 2 <br /> On the other hand, HUD would allow the city to purchase the property at a 10% discount. The city <br /> may continue to exercise efforts to purchase the property for resale to prospective developers. This <br /> option would provide the city control over the redevelopment and sale of the property. <br /> Since the abatement order was approved in June of 1997, minimal progress has been made to rehabilitate or <br /> redevelop the subject property. The city should take immediate action to correct the noncompliant code items <br /> at the property whether this be through an abatement or redevelopment process. Legal staff will be available <br /> at the City Council workshop to explain the history and options available to the city for rehabilitation of the <br /> property. <br /> ACTION TO BE CONSIDERED <br /> Provide staff direction for further process in the abatement and/or redevelopment of the property located at <br /> 2091 Hillview Road. The options include the following: <br /> 1. As outlined in the abatement agreement between the city and HUD, exercise HUD's request to <br /> arrange for the correction of all noncompliant code items and have all costs deferred to the property. <br /> 2. Pursue the redevelopment of the property through acquisition. The city may purchase the property at <br /> a discounted price from HUD and market the property to prospective developers for the <br /> redevelopment of the property. <br /> 3. Provide HUD an additional 6 months to auction the property. For this to occur,the abatement order <br /> on the title must be removed. A separate agreement between HUD and the city may also be required. <br /> Steve Dorgan <br /> Housing Inspector <br /> 717-4023 <br /> Attachments: 1) Location Map <br /> 2) Settlement Agreement between HUD and City of Mounds View <br /> 3) Letter from HUD <br /> N:\DATA\GROUPS\COMDE V\HOUSING\HILL209I\E DA9_8.98 <br />