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Jan. 9, 2012 EDA Meeting <br />Item 7B – 8379 Red Oak Drive <br />Page 2 of 2 <br /> <br />There has been a history of code violations at the property. For instance, in May of 2010, <br />the City issued a notice of code violation to the property owner regarding the exterior <br />accumulation of junk and debris and the peeling paint on the garage. Corrective actions <br />were completed in June 2010. There was another code violation case on the property <br />from October to December 2011. The property was cleaned and the case has been <br />closed. <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 EDA assist the property <br />owner with the demolition of the home by offering the property owner a 0% deferred loan to <br />become due upon sale, transfer of title or refinancing of the property, whichever comes <br />first. This offer would be a diversion from the Demolition Home Loan criteria, which is a <br />monthly payment 3% interest loan. <br /> <br />EDC Discussion - December 16, 2011 <br />The EDC discussed this topic at their December 16th regular meeting. Their <br />recommendation was in the form of a 5-0 Motion to the EDA to offer the property owner of <br />8379 Red Oak Drive a 0% deferred Mounds View Demolition Home Loan contingent upon <br />a qualifying application. <br /> <br />Recommendation <br /> <br />Staff recommends that the EDA offer the property owner of 8379 Red Oak Drive a 0% <br />deferred Mounds View Demolition Home Loan contingent upon a qualifying application. <br /> <br />Respectfully submitted, <br /> ____________________________ <br />Heidi Steinmetz, Economic Development Specialist <br /> <br /> <br />Attachment − Ramsey County Tax & Property Information