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<br />City of Mounds View <br />Housing Replacement Program <br /> <br /> <br />Page 2 <br />will be replaced with standard housing meeting certain EDA guidelines and time frame. <br /> <br />F. Publicizing the Program; Making Application <br /> <br />1. EDA staff, or their appointees (“Program Staff”), will solicit participants by direct mail, <br />advertisement, or other method. The number of applications accepted for participation in <br />the Program will be determined by the availability of personnel and financial resources. <br /> <br />2. Participation in the Program must be on a is voluntary basis. Interested participants must be <br />able to furnish proof of ownership of or interest in the property, and are required to submit <br />a letter of application respond to the EDA solicitation in writing, with a letter indicating: <br /> <br />a. b. For Option 1 2 (Funding for Demolition): <br />(1) An interest in obtaining funding for demolition from the EDA to replace existing <br />housing with new standard housing that meets the meeting EDA expressed <br />minimum guidelines of the EDA. <br />(2) Consent Willingness to hold the EDA harmless for demolition activities. <br />(3) Consent Willingness to enter into a legal development agreement with the EDA <br />regarding redevelopment of the property. <br />(4) Ability to produce proof of construction financing. <br /> <br />b. a. For Option 2 1: (Sale of Property to EDA): <br />(1) An interest in selling their property to the EDA. <br />(2) A willingness to waive relocation benefits. <br />(3) Statement affirming that the property is either vacant or owner-occupied of <br />tenant interest in the property at the time of offer. <br />(4) Consent to the release of relevant information to potential developers and end buyers. <br /> <br />3. Individuals who have expressed indicated an interest in participating will shall be contacted <br />by Program Staff to inform them of the estimated project time line and to obtain complete <br />information on the items noted under F.2. above. <br /> <br />G. Property Eligibility Criteria <br /> <br />Program Staff will shall evaluate each property for which an application is received to <br />determine Program its eligibility for the Program based on the criteria in this section. Program <br />Staff will shall prepare property fact sheets for each property for which an application has <br />been received owners have expressed an interest in participating in the Program, and will shall <br />conduct an interior and exterior drive by inspection of each property. Properties will be <br />evaluated based on the criteria outlined below. To be eligible for participation, the house must <br />be previously identified by the EDA as a potential acquisition (Option #2 #1 only) and the <br />property must have one of the characteristics noted in 1, 2, 3, 4 or 5 below: <br /> <br />1. Substandard as to condition, code compliance property value, size or usage. <br />2. Obsolete and having a faulty design for block and area in which it is located. <br />3. Deterioration which has caused blight to other adjoining properties.