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Dec. 16, 2011 EDC Meeting <br />Item 5B – 8379 Red Oak Drive <br />Page 4 of 4 <br /> <br /> <br />City staff and the Greater Metropolitan Housing Corporation staff immediately responded to <br />the home demolition inquiry from the property owner’s representative by providing her with <br />information about the Mounds View Demolition Home Loan program. The program <br />provides loans up to $10,000 at a 3% fixed rate of interest. <br /> <br />City staff placed a follow up phone call to the property owner’s representative on November <br />30, 2011, to inquire of the status of her potential Demolition Home Loan application. The <br />representative informed City staff that the property owner might postpone demolition until <br />Spring 2012, if at all. <br /> <br />Discussion <br /> <br />Due to the history of police calls, code enforcement cases and condition of the home <br />located at 8379 Red Oak Drive, staff is recommending that the home be demolished. <br />Listings of the police calls and code enforcement cases are attached to this report for the <br />EDC’s information. <br /> <br />In order to increase the probability of home demolition in this case, City staff would like to <br />offer the property owner a 0% deferred loan to become due upon sale, transfer of title or <br />refinancing of the property, whichever comes first. This offer would be a diversion from the <br />Demolition Home Loan criteria. <br /> <br />Recommendation <br /> <br />Staff recommends that the EDC recommend to the EDA that the property owner of 8379 <br />Red Oak Drive be offered a 0% deferred Mounds View Demolition Home Loan contingent <br />upon a qualifying application. <br /> <br />Respectfully submitted, <br /> <br />____________________________ <br />Heidi Steinmetz, Economic Development Specialist <br /> <br /> <br />Attachments <br /> Ramsey County Tax & Property Information <br /> Police Calls from May 2007-Present <br /> Code Enforcement Cases since 2009 (when the City’s Code Enforcement <br />records management system went into effect) <br /> <br />