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EDA RESOLUTION 10-EDA-261 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING CRITERIA FOR THE MOUNDS VIEW HOME DEMOLITION LOAN WHEREAS, the Mounds View Economic Development Authority (EDA) has Housing and Redevelopment Authority powers provided in Minnesota Statutes, Sections 469.001 to 469.047; and, WHEREAS, the purposes of Sections 469.001 to 469.047 are: (1) to provide a sufficient supply of adequate, safe, and sanitary dwellings in order to protect the health, safety, morals, and welfare of the citizens of this state; (2) to clear and redevelop blighted areas; (3) to perform those duties according to comprehensive plans; (4) to remedy the shortage of housing for low and moderate income residents, and to redevelop blighted areas, in situations in which private enterprise would not act without government participation or subsidies; and (5) in cities of the first class, to provide housing for persons of all incomes; and, WHEREAS, pursuant to the purposes of Housing and Redevelopment Authority powers, in September 2010, the Mounds View City Council directed City staff to develop criteria for a new, one-year pilot home improvement loan program; and, WHEREAS, the Mounds View Home Demolition Loan would provide up to $10,000 at 3% interest for up to ten years to demolish blighted single-family or duplex properties in Mounds View; and, WHEREAS, the goal of the Mounds View Home Demolition Loan is to remove the blighting influence of substandard homes in Mounds View so that adjacent property values in Mounds View are maintained and protected.