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<br />2617 Sherwood Acquisition <br />August 3, 2005 <br />Page 2 <br /> <br /> <br />1. Substandard as to condition, 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 <br />4. Detrimental to the safety or health of abutting properties in the block. <br /> <br />The owner of 2617 Sherwood Road has agreed that a potential purchase of the home by the <br />City would be an acceptable resolution to the ongoing issues between both parties. <br /> <br />Ramsey County assessment records indicate that the property (land and home) have a value <br />of $157,800. The 1300 square foot home, in the City’s opinion, is a liability rather than an <br />asset, however any offer to purchase would need to take the both land and building value <br />into consideration. The 1.54 acre property is zoned R-1, single family residential and its <br />acquisition under the Housing Replacement Program policies would be consistent with said <br />policies and guidelines and consistent with Mounds View’s Comprehensive Plan. <br /> <br />Recommendation: <br /> <br />Staff and the City Council is requesting that the Planning Commission review the proposed <br />acquisition of the property located at 2617 Sherwood Road (the terms of which would be <br />negotiated at a later date subject to City Council approval) to ensure consistency with the <br />Comprehensive Plan. Resolution 808-05 is available for your action, approval of which <br />would indicate to the City Council that said acquisition would be consistent with the <br />Comprehensive Plan. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />________________________ <br />James Ericson <br />Community Development Director <br />