4. HRSR 09-29-2015 - Laserfiche WebLink

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APPLICATION REVIEW WORKSHEET TO BE COMPLETED BY CITY STAFF In the event of multiple applicants, and limited funds dedicated to the program, the attached worksheet will be used to determine how the funds will be allocated. The project meets the criteria set forth in Section IV of the Blighted Properties Forgivable Residential Loan Policy. Check those which apply.  Upon completion of the project, the property and structures will be owner-occupied dwellings; (50 points)  The current primary structure constitutes a threat to public safety because of inadequate maintenance, dilapidation, obsolescence, or abandonment; (10 points)  The structures are not listed on the National Register of Historic Places; (5 points)  Upon completion of the demolition, the HRA reasonably expects that the property will be improved and these improvements will result in economic development benefits to the municipality; (10 points)  The project results in the sale and/or redevelopment of structurally substandard properties as determined by a licensed structural engineer; (5 points) Subtotal Section 1 (maximum 80 points) 2. Consideration of Capacity. Check those which apply. Must meet all four to score 15 points. 0 points if any boxes are unchecked.  Applicant included a realistic implementation /project schedule; (5 points)  Applicant has the ability to administer and monitor project; (5 points)  Applicant has the ability to conform to city, state and federal requirements;(5 points)  Applicant has credit score of 680 or above; (5 points) Subtotal Section 2 (maximum 15 points) 3. Vacancy, Development Potential and Proximity to City Services 10