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City of Mounds View March 10, 199741P6) I Housing Replacement Program Page 3 1. Substandard as to condition, size or usage. 2. Obsolete and of a faulty design for block and area in which it is located. 3. A deteriorating factor which has caused blight to other adjoining properties. 4. Detrimental to the safety or health of abutting properties in the block. If it is determined that the property is eligible for participation based on the condition of the house, it must also meet the following criteria as outlined in 5-8 below.. 5. A geographic mix of properties is achieved. 6. The site can be developed with a single family home within city code requirements, including zoning and confoi ance with the Comprehensive Plan. The property may be considered if a variance can be obtained. 7. The property must be owner-occupied or vacant before the owner makes application to • the program. Tenant occupied properties will not be considered for purchase or funding for demolition. Non-homesteaded vacant property will be considered for acquisition. 8. Prior to approval by the EDA for participation in the program, properties over 50 years old must be evaluated for historical significance. This will be accomplished by forwarding general property information and a property photo to the Minnesota Historical Society for review. The EDA will not enter into a purchase agreement or award funding for demolition on a property which qualifies for the National Registry of Historical Structures. C. Program Priorities If more than one application has been received during a given month, the program staff shall rank the applications, to determine the best candidates for program participation, based on the information and criteria noted below: 1. Properties that can meet EDA established guidelines and time frame will be considered first. 2. Properties with the lowest values and poorest visible conditions should be considered first. • DRAFT (April 21, 1997) 3