Proposed Demolition Loan Program Interest Form by 43ZdcL50

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									  Minnesota Department of Employment and Economic Development
Redevelopment Grant Program and Proposed Demolition Loan Program
                   Potential Project Application

To gauge the level of interest in and secure future funding for the Redevelopment Grant Program
and the newly proposed Demolition Loan Program, we are requesting project information from
potential applicants.

Complete this one-page Potential Project Application. We’ll use the information to show the
Legislature the level of public support for the program and identify the level of funding the
programs will need.

      Please submit one form per project. An entity may submit more than one form.
      Indicate whether you are interested in a Redevelopment Grant or a Demolition Loan.
      List your organization, along with a contact person with telephone and email address.
      Describe the past use and current conditions of the project area.
      Describe the proposed redevelopment or redevelopment potential of the area. Include
       estimated job creation numbers, property tax increase and current and estimated future
       property value. The future value estimates can be very preliminary. Your best reasonable
       guess should be adequate. Indicate whether the development is an idea, plan or secured
       proposal.
      Provide a project budget which includes a list of eligible activities and costs for each.
       Eligible Redevelopment activities include acquisition, demolition, soil stabilization,
       infrastructure improvements and ponding or other environmental infrastructure. Eligible
       demolition costs include demolition, destruction, removal, clearance and disposal of all
       structures including interior remedial activities.
      Provide an estimated timeline for the eligible activities including start and end dates for
       each action.

   More information about the Redevelopment Grant Program and the Proposed Demolition
   Loan Program can be found on DEED’s website at www.positivelyminnesota.com , click For
   Local Government, Financial Assistance, Site Cleanup and Redevelopment Funding. You
   will also find this form at the website as well.

   SEND FORM TO:              Kristin Lukes, Director
                              Office of Brownfields and Redevelopment
                              Department of Employment and Economic Development
                              1st National Bank Building
                              332 Minnesota Street, Suite E200
                              St. Paul, Minnesota 55101-1351
                              Kristin.lukes@state.mn.us
                              (651) 259-7449
                              FAX: 651-296-1290
   Redevelopment Grant Program and Proposed Demolition Loan Program
                      Potential Project Application
Type of application:

            Redevelopment Grant Program
            Proposed Demolition Loan Program

Applicant (public entity)

Name of Organization: _______________________ Name of Contact:_____________________
Street Address:_____________________________ e-mail:______________________________
City/Zip: __________________________________ Phone:______________________________


Describe site history and current site conditions. (250 words or less)




Describe proposed redevelopment project. For Proposed Demolition Loan Program,
describe the redevelopment potential. (250 words or less)




Current assessed value of project area:                        $______________
Estimated future value after site is prepared for development: $______________
Estimated future value after redevelopment occurs:             $______________


Provide a list of eligible activities and estimated costs for each.




Provide an estimated timeline for eligible activities.

								
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