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0 2190 St. Croix Street ProjDertv Facts <br /> 3.1 The home at 2190 St. Croix Street is a 1 story} single family dwelling with an <br /> aftached frame garage on a 75' x 104' irregular sized site. The property is <br /> located in R-1 zoning West of Cleveland on the South side of the City. <br /> 3.2 The home was built in 1948. The square footage of the hone is 1,360. The <br /> home has three bedrooms, one bath and a full basement. The overall condition <br /> of the hone according to Ramsey County records is "average". Due to deferred <br /> maintenance and according the City inspection, the home is in fair to poor <br /> condition with foundation problems} buckling exterior siding and water damage. <br /> 3.3 The home is owned by Daniel Bohen who is currently in a nursing hone. The <br /> daughter Kathy Wyman was directed to handling the sale of the home for her <br /> father by the courts. The property pays taxes at a homestead rate and the <br /> owner's son temporarily occupies the home. <br /> 3.4 The land has a 1 997 assessed value of$31,800 and the improvements 51 1 100. <br /> Total assessed value is $82,900. <br /> 4.0 Summary of Purchase Acireement <br /> 4.1 city staff made an offer to purchase the home contingent upon Council approval, <br /> for the appraised value of$60,000. The owner of the property is willing to accept the <br /> offer. Earnest money provided by the City would be 1% of the purchase price. <br /> 4.2 The closing date would be set for August 26, 1 998 which is approximately 30 days <br /> after execution of the purchase agreement if approved. <br /> 4.3 Taxes would be prorated from the date of closing with any delinquent taxes, <br /> assessments, and fees paid by the seller prior to closing. <br /> 4.4 The seller will be required to sign Orel l and lead disclosure statements and have any <br /> existing wells sealed per Minnesota Health Department Standards. <br /> 5,0 Staff Recommendation <br /> 5.1 City staff recommends approval of the attached resolution to purchase 2190 St. <br /> Croix street under the Housing Replacement Program of the Housing Improvement <br /> Program. Funding for the purchase and any fees associated with the purchase will <br /> come from the City Housing Fund. <br /> RCA—H R P, 2190 St. Croix 07127/198- Page 2 of 3 <br />