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Ci[y of Mounds View <br />Housin� Replacement ProQram <br />�3�i1-1-1�c—�tN��el-��-i{13�;karte-4�trrl-�iet+sia��z+�t�F+Hg-eerta��„��� ,; ,,�,-a„m-�-.na r..ie hra+ne- <br />F. Publicizin� the P�roQram; Malcing Application <br />EDA sYaff, or their appointees ("Prog�am StafP'), will solieit participants by direct mail, <br />advertisement, or other method. The number of applieations accepCed for participation iv <br />the Program will be determined Uy the availabiliry of personnel and financial resources. <br />2. Participation in the Program +riri����� c�+i-e is voluntaiy I�e�s��. InYerested participants mList be <br />able to fiunish proof of owneiship of or interest in the properry, and are reqLiired to submit <br />a letter o( application +e :�����nc4 to the EDA �!i�=t6�H�i��+ri+rw+�iH+wL�=�i�N� a-I�;t+er indicating: <br />a. �r. For Option i?(Funding for Demolition): <br />(1) An interest in obtaining funding for demolirion from the EDA to replace exisring <br />housing with new s�d�H-�l housing that meets the 3-:iceain�=—L�}fr espressed <br />minimum guidelines of Uie L:DA. <br />(2) Consent W'rElirige�,: to hold the EDA harmless for demolition acrivities. <br />(3) Consent �iaait���ries4 to enter into a legal developmenY agreement with the EDA <br />regarding redevelopment of the property. <br />(4) AbilitV to produce proof of cunstruction tinancing. <br />b. a.- For Option 2-I :(Sale of Properry to EDA): <br />(1) An interest in selling their property to the EDA. <br />(2) A willingness Yo waive relocation benefits. <br />(3) Statement aftirmiug th�t the property is either c�c:�nt ur owner-occupied e�fi� <br />Ee�xtH�-i�uzr�=si-irr�kk r3rr�}�eri�� at the time of offer. <br />(4) Consent to the release of relevant infoimation to potential developers and end buyers. <br />3. Individuals who have ezpressed i+��Ei��ted an interest in participating will :(jzi�! be contacted <br />by Program Staff to inform them of the estimated project time line and to obtain complete <br />infoi7nation on the items noted under F.2. above. <br />G. PropertV EliEibility Criteria <br />Program Staff will aEx+l� evaluate each properry for which an application is received to <br />determine Proeram +�s eligibility 1i�r-ta�e-I?ro��Fa+r� based on the criteria in this section. Program <br />Staff will s#a�4 prepare property fact sheets for each properry for which an application has <br />been received r}�a=Herrlxi�c�,�>r�ti.:eElznr+r�tcres�irr�>a�tieir��i+i±�-iirbNe-Fhza��t+ri-and will sFxt1} <br />conduct an interior and ezterior eI+N�E Ei3- inspection of r.ich propertv. Properties will be <br />evaluated based on the criteiia outlined below. To be eligible for participation, the house must <br />be previously identified by the EDA as a potential acqLiisition (Option #2 'TE only) and the <br />properry must have one of the characteristics noted in 1, 2, 3, 4 or 5 below: <br />1. Substandard as to condition, code comuliance i>i=e�i:�=���c«}iae, size or usage. <br />2. Obsolete and having a faulty design for block and area in which it is located. <br />3. DeYerioration which has caused blight to other adjoining properties. <br />Page 2 <br />