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Part II - Examples of Proiects . Question: List 3-5 examples of projects in your community that could benefit from the ERF. Arden Hills - Joe Lynch, City Administrator The City of Arden Hills has a huge potential candidate for such a program, TCMP. I am not sure that it is fair or necessary for us to consider such a fund for the acquisition of such a large parcel of property in Ramsey County, particularly if it would be at the expense of other, similar such circumstances of a smaller size in the County. On the other hand, if this is collected from those refinancing or purchasing homes in the County, some of those people are Arden Hills residents and we would want our share of those dollars available to the City. Falcon HeiQhts - Heather Worthington, City Administrator The City has one project currently underway which might qualify for funding from an ERF: Housing Project, SE Corner of Snelling and Larpenteur Avenues. Project principal: Developer-driven. . Housing and minor retail use. . Moderate soil contamination from petroleum. Additional 200 units multi-family and single family housing, additional tax base, some job impact. Resources: Possible DTED, also for housing, MHFA, County, Met Council (in process), small amount of TIF. . Lauderdale - Rick Getschow 1. Small Housing Rehab projects with landowners as project principals. ERF would be used as one financing tool when other available resources are limited. For instance, ERF could be used when the applicant barely does not qualify for the income requirements of the MHFA or County programs. 2. Major Housing Rehab projects with developers and/or landowners as project principals to redevelop substandard or blighted housing. ERF would be one financing tool of many. 3. Any other economic development project where soil clean-up is involved. ERF could provide additional financing where funds in Met Council or state programs may not be available or are difficult to obtain. For instance, smaller commercial projects sometimes have a more difficult time receiving land clean-up grants than larger commercial or industrial projects. Little Canada - Joel Hanson Example #1: The City has been involved in acquiring substandard houses to help redevelop an area or just to eliminate blight. The demolition of these structures is relatively expensive when compared to the acquisition cost. Asbestos and other hazardous substance evaluations and abatement drive the cost up even further. The use of ERF dollars could help alleviate that problem. The City has typically been the principal. Sometimes we end up transferring the property to a developer for a redevelopment project and sometimes we just remove the structure to eliminate blight then holding it until a better opportunity comes along. Our past experience has resulted in the property being reused for a townhome development, future park development, an office project, and office/warehouse. Types of impact are elimination of blight and if redevelopment results, increased tax base, job retention/creation, better reuse of parcels. The main resources we have used to date are Park Land Acquisition Funds, TIF, and City CIP funds. . Example #2: A different twist on a potential use of these funds could be to address soil correction uses to make land available for redevelopment. While I'm not sure if this would be an eligible use, I believe we could put such a program to work in areas where existing soil conditions prohibit quality development. It would be an alternative or supplement (depending on 1 023