Agenda Packets - 1997/10/06 - Laserfiche WebLink

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To: Residential Builders and Interested Home Buyers From: Cathy Bennett, Mounds View EDA Subject: Notice of Residential Building Lots For Sale Date: September 5, 1997 The Mounds View Economic Development Authority(EDA) established the Housing Replacement Program to reduce the social costs of blight and increase the tax base. The purpose of the program is to replace deteriorating lower value housing on scattered sites throughout the City with larger, higher value housing designed for families. To accomplish this goal, the EDA purchases substandard homes, demolishes the home and sells the lot to prospective buyers for redevelopment. This will assist in eliminating the blighting influence of substandard housing and increasing the availability of quality housing for families. The EDA currently has a vacant site available for redevelopment. Please see the attached sheet for detailed information on this lot. iIn order to be considered, the builder must submit a proposal in writing by noon on October 2, 1997. The proposal shall include the offer price of the lot, a description of the proposed new home including the number of bedrooms and bathrooms, and proposed estimated value of the new home. The EDA will only consider proposals from a licensed residential home builder who has identified a buyer to occupy the home upon its completion. Please submit proposals to: Mounds View EDA ATTN: Cathy Bennett 2401 Highway 10 Mounds View, MN 55112. The selected builder must comply with the Housing Design and Site Criteria and enter into a Participation Agreement with the EDA (see attachments). Upon satisfactory negotiations, the builder/buyer team must submit a$500 participation fee and enter into a Contract for Private Development with the EDA within 30 days of signature of the Participation Agreement. The participation fee is non-refundable and non-transferable. The development of all sites shall meet the development objectives as set forth in the Housing Design and Site Criteria. These guidelines were created to ensure that the homes built on the identified lots blend in with the surrounding neighborhood and respond to the objective of the Mounds View Housing Replacement Program. If you have any questions, please call Cathy Bennett at 717-4002.