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City of Roseville - Housing & Redevelopment Authority Meeting Minutes for June 15, 20...Page 4 of 5 Mr. Wu must make commitments. The house must come down as soon as possible for the safety of the neighborhood. Member Scheunemann feels that the HRA should go ahead with the eminent domain process but still allow Mr. Wu to work on his plan to construct a new home. Member Bean asked if the house is insured (yes). Member Millasovich asked how long the owner has to complete the demo. Can the HRA specify a date? (Yes). Cathy Bennett explained that within 30 days, with HRA loan, the house could be demolished. She explained the house renovation/replacement program and loan through the HRC. Security would be required as part of the loan approval. Cathy Bennett explained that the action to table the resolution for 30 days would avoid the legal costs but still provide incentive for Mr. Wu to demolish the home within 30 days. Member Millasovich asked if a specific date for demolition completion can be added to the motion to approve a loan (yes). Member Kelsey explained that the 30 day extension just delays the process. Andrea Wicevic, 1988 Eldridge, asked if the land owner must also qualify for a home loan (not through the HRA loan approval, but the HRA can request proof of bank commitment to finance the new construction). Member Hermes explained the need to pull all pieces together and move forward with the eminent domain process. General discussion of eminent domain costs ensued. The process will cost an estimated $15,000 - $20,000, excluding the purchase costs. Motion 1.a.: Member Bean moved, seconded by Member Majerus, to table consideration of the resolution to begin the acquisition of the property at 2012 Eldridge through eminent domain for 30 days and reconsider action on July 20, 2004. Ayes: 3 Nays: 3 Motion failed Motion 1.b.: Member Kelsey moved, seconded by Member Millasovich, to adopt the resolution pursuing eminent domain for property located at 2012 Eldridge Street. Ayes: 4 Nays: 2 Motion carried b) Consideration of demolition loan to Mr. Frank Wu for the demolition of 2012 Eldridge Street home. Motion 2.: Member Bean moved, seconded by Member Majerus, to approve the issuance of a loan to Mr. Frank Wu in an amount equal to the lowest bid for the demolition of the structure at 2012 Eldridge and grading of the site not to exceed $15,000 for a term of six months. The loan would be provided through the Housing Resource Center using the owner occupied revolving loan fund program and loan approval would be subject to normal underwriting procedures with proper repayment security applied and the demolition to occur before July 20, 2004. Ayes: 4 Nays: 1 Abstain: 1 Motion carried http://archive.ci.roseville.mn.us/council/hra/minutes/2004/hram040615.htm4/16/2010