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• <br /> City of Mounds View <br /> 0 Housing Replacement Program Page 2 <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 <br /> the 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 <br /> EDA 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 <br /> existing 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 <br /> regarding 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 <br /> on the items noted under F.2. above. <br /> G. Property Eligibility Criteria <br /> Program Staff shall evaluate each property for which an application is received to determine <br /> its eligibility for the Program based on the criteria in this section. Program Staff shall <br /> prepare 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 <br /> evaluated based on the following criteria outlined below. To be eligible for participation, <br /> the house on the property must have at least-ene two of the characteristics noted in 1, 2, 3 or <br /> IIII 4 below. <br /> 2 <br />