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Mounds View EDA March 12, 2012 Regular Meeting Page 2 46 None. 47 48 7. EDA BUSINESS 49 50 A. Resolution 12-EDA-269, Approving Application to Ramsey County for a 51 Community Development Block Grant to Fund the Acquisition, Demolition 52 and Replacement of Two Single-Family Blighted Vacant/Foreclosed Homes 53 in Mounds View. 54 55 Economic Development Specialist Steinmetz stated staff was requesting approval of an 56 application to Ramsey County for a Community Development Block Grant (CDBG) to fund the 57 acquisition, demolition and replacement of two single-family blighted vacant/foreclosed homes 58 in the City of Mounds View. She noted the CDBG funds were federally funds and could be 59 applied for on an annual basis. There was no match requirement on behalf of the City of Mounds 60 View. 61 62 Economic Development Specialist Steinmetz indicated through the grant program, staff would be 63 requesting enough funds to demolition and replace two homes. She noted there were a handful 64 of homes in Mounds View that were beyond repair. The Federal grant funds would greatly assist 65 in revitalizing the housing stock in the City. If the grant were approved, the blighted homes 66 would be demolished and the lots would be donated to Habitat for Humanity for reconstruction. 67 68 Vice President Stigney questioned if specific houses were requesting the Federal funds or if the 69 City was determining which homes to demolish and the funds needed. Economic Development 70 Specialist Steinmetz stated there were strict rules for the use of CDBG funds. She commented 71 the funds also had to be used for the benefit of low to moderate income families. If the proper 72 regulations were not followed the funding would have to be returned to the County. 73 74 Commissioner Mueller asked if the City had identified several properties as candidates for this 75 program. Economic Development Specialist Steinmetz noted staff has identified eight properties 76 that required further investigation. A cost analysis would have to be completed to consider the 77 cost for the demolition. She reiterated that the homes considered had to be blighted, foreclosed 78 and vacant. No families would be displaced through this program. 79 80 Commissioner Mueller inquired of the City’s chances of receiving CDBG funds. Economic 81 Development Specialist Steinmetz noted he and Executive Director Ericson spoke with Ramsey 82 County regarding this matter. She was optimistic due to the fact the City has not applied for 83 these funds for several years. 84 85 Commissioner Mueller questioned how the price of the property was determined. Economic 86 Development Specialist Steinmetz stated the price was determined by the owner of the property 87