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Item No. 7A <br />Meeting Date: February 12th, 2001 <br />Type of Business: CA <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; EDA: EDA Business <br /> <br />City of Mounds View Staff Report <br />To: President and EDA Commissioners <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Manufactured Home Park Revitalization Program <br />Date of Report: February 7, 2001 <br /> <br />Background: <br /> <br />In an effort to revitalize Mounds View Mobile Home Park, staff has developed a program to assist in <br />the acquisition/demolition and rehabilitation of substandard manufactured homes. The location of <br />Mounds View Mobile Home Park is illustrated below: <br /> <br /> <br />Under the Acquisition Program, residents of older manufactured homes would be given up to $5,000 <br />to purchase their home. Once acquired by the EDA, salvageable materials would be removed from <br />the home, and then it would be demolished. This program is oriented toward those homes where <br />rehabilitation would be cost prohibitive. It is expected that newer model homes would replace those <br />removed from the park. Additionally, another $3,000 loan forgivable over 5 years would be made <br />available to low and moderate individuals wishing to purchase a new home to be placed on site. <br />More information regarding this program can be obtained from the attached resolution. <br /> <br />Under the Rehabilitation Program, those homes requiring less renovation to be code compliant