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City of Mounds View Staff Report <br />August 7, 2018 <br />Page 2 <br />M:\MasterFiles\1999 thru 2010\2000\EDA\EDA Packets\05-08-00\Item No. 05C--Demolition Options, 2901 Hwy 10--Aaron <br />Parrish.doc <br />to be incorporated into a larger mixed-use planned unit development in the future. However, it is the <br />EDC’s perspective that some of the issues associated with the site could be reconciled on a more <br />immediate basis. <br /> <br />Accordingly, three options were discussed at the EDC’s April 27th meeting. The options included <br />purchasing the site, active code enforcement, and the provision of demolition assistance. After <br />discussing the various alternatives, the EDC voted 4-0 in favor of providing demolition assistance. <br /> <br />If the EDA elected to provide demolition assistance, funds would be provided to demolish the <br />existing structure leaving the lot vacant. This is similar to what was done at 8300 Fairchild in <br />conjunction with the Housing Replacement Program. <br /> <br />From a financial perspective, it is anticipated that TIF dollars allocated for Highway 10 <br />Redevelopment would be utilized. Based on past experience with the Housing Replacement <br />Program, it is expected that demolition costs would be approximately eight thousand dollars. They <br />may actually be less since the structure does not have basement. <br /> <br />Necessary Actions: <br /> <br />Authorize staff to discuss demolition assistance options with the property owner of 2901 Highway 10 <br /> <br />______________________________________ <br />Aaron Parrish, Economic Development Coordinator <br />(763) 717-4029