Agenda Packets - 1977/08/04 - Laserfiche WebLink

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• Cathy Bennett, Director of Economic Development Page 2 •uly3l, 1997 :;:;:S;:;Y:}::i::;:;i}:i:tii:tiiti%::}'i:ti:•i$:::•:::•:}}i;::r•:i%:};ti::i:::::ti{.q:4 ?•:•'•:•:•'}'::•S:•}'•i:<: i: h is>i:ti : ' not:::•:I,ma e :' yid v:::..::•.•:} '... :..•.. ;L ; "' $50,500 $55,000 $45,000 1,384 38,740 i ' `'' trt''' ; at :: _ _ $39,100 624 29,800 ak`± a�•:.' '•..;. ' `" 78 000 704 — — $ 3 8,740 Demolition: The demolition for 8265 Spring Lake Road was $6,300. The demolition for 8283 Long Lake Road was $7,700. I estimated the cost for the demolition of 8271 Long Lake Road at$8,000. The house is smaller than both of the properties we have already demolished. Unless environmental issues must be addressed, I believe that the cost of demolition should not exceed$8,000. W'he house at 2510 Ardan Avenue does have a septic tank and a well. The septic tank is still in use and, Wevhen demolished, would need to be properly sealed. I contacted the Department of Health and they do not have a record of the well abandonment. Therefore,the estimate reflects the cost of sealing both the well and septic. Relocation Costs: I spoke with Sandra Luegge of Evergreen Land Services Company regarding the Relocation Act. Sandra was hired by the City of Mounds View to assist with the relocation of the tenants on Old Highway 8 prior to the road reconstruction. I called her for estimates of the relocating tenants from rental single family homes should the EDA pursue purchasing rental properties. She informed me that the EDA would be responsible for providing relocation assistance to the tenants of the units. Relocation benefits are paid to the tenants based on the difference of the current rent and the rent of the new rental unit or 30% of the tenants income whichever is greater. In addition,the relocation benefits must also include moving costs and utility hook-up charges. The Relocation Act requires that funds be provided for the family to move to a comparable unit;therefore, she stated that relocation of tenants from single family rental homes is the most difficult because of the limited amount of single family rental units. She stated that it is very difficult to give an estimate without knowing detailed information, for example the family's income, the current rent;the size of the unit and the size of the unit needed. She did say, however, that the figure could be anywhere from $8,000 to $30,000. Because the homes are single family rental homes in poor condition, she stated the replacement housing cost will be closer to $30,000.