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Item No. <br /> Meeting Date: 6-22-98 <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 Economic Development Authority <br /> Staff Re ort <br /> To: Mounds View Economic Development Authority <br /> From: Steve Dorgan, Housing Inspector <br /> Item Title/Subject: MVHRP - Proposal to Purchase 6991 Pleasant View Dr. <br /> Date of Report: June 19, 1998 <br /> SUMMARY <br /> At the EDA meeting on April 13, 1998,the commission approved the appraisal and negotiation for <br /> purchase of 6991 Pleasant View Drive for participation in the Housing Replacement Program. Staff <br /> arranged for and received an appraisal for the subject property which resulted in an appraised value of <br /> $56,000. In negotiation with the Joe Witzman, owner of the property, he indicated that Ramsey County <br /> assessed the value of his property at$60,500. Mr. Witzman wished to sell his property at a minimum of <br /> the taxed value on the property. <br /> Attached is a resolution appropriating$60,500 of tax increment funds for the purchase of the subject <br /> property for the Housing Replacement Program. <br /> ACTION TO BE CONSIDERED <br /> Approve EDA Resolution No. 98-EDA-93 authorizing the purchase of property located at 6991 <br /> Pleasant View Drive for the Housing Replacement Program. <br /> Steve Dorgan <br /> Housing Inspector <br /> 717-4023 <br /> Attachments: Exhibit A: Resolution No. 98-EDA-93 <br /> N:\DATA\GROUPS\COMDEV\HOUSING\MVHRP\6991PLEA\JUNE 22.98 <br />