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<br />APPLICATION REVIEW WORKSHEET <br />In the event of multiple applicants, and limited funds dedicated to the program, the1. <br />attached worksheet will be used to determine how the funds will be allocated. <br />The project meets the criteria set forth in Section IV of the Blighted Properties <br />Forgivable Residential Loan Policy. Check those which apply. <br />Upon completion of the project, the property and structures will be owner-occupied <br />dwellings; (50 points) <br />The current primary structure constitutes a threat to public safety because of inadequate <br />maintenance, dilapidation, obsolescence, or abandonment; (10 points) <br />Upon completion of the demolition, the HRA reasonably expects that the property will be <br />improved and these improvements will result in redevelopment benefits to the municipality; <br />(10 points) <br />The project results in the sale and/or redevelopment of structurally substandard properties <br />as inspected by the appropriate local government and cited for one or more enforceable <br />housing, maintenance, or building code violations. ; (5 points) <br />Subtotal Section 1 (maximum 75 points) <br />2. Consideration of Capacity. Check those which apply. Must meet all four to score 20 points. 0 points if <br />any boxes are unchecked. <br />Applicant included a realistic implementation /project schedule; (5 points) <br />Applicant has the ability to administer and monitor project; (5 points) <br />Applicant has the ability to conform to city, state and federal requirements;(5 points) <br />Applicant has obtained a letter of commitment to finance the project from their primary <br />lender; (5 points) <br />Subtotal Section 2 (maximum 20 points) <br />3. Vacancy, Development Potential and Proximity to City Services <br />14 <br />498470v2 JSB EL185-13 <br /> TO BE COMPLETED BY CITY STAFF