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Quarterly Development Status Report - 1st Quarter 2012

March 31, 2012

MAP #	LOCATION	DESCRIPTION
1	7323 58th Ave N	57xx Oregon Court (new addresses). The EDA purchased the former Thora Thorson School from Robbinsdale Area Schools in October 2005, then cleared the site, replatted the property into 17 lots and installed new infrastructure (street, water, sewer, etc.) The EDA sold all 17 lots in fall 2006. New houses have been built and sold on all of the lots except 5728 Oregon Ct, which is a vacant lot abandoned by the builder. 5728 will probably go tax forfeit in 2012, at which time the EDA may acquire it from the state and sell it to a new builder.
2	5918 Kentucky Ave N	The EDA purchased this vacant foreclosure in October 2011, demolished it in February 2012 and is seeking new house proposals with a lot price of $45,000.
3	7024 60th Ave N	The EDA has a pending purchase of this vacant foreclosure. Closing and demolition are expected by summer 2012. (The detached garage is in good condition and will remain.) The EDA will seek new house proposals with a lot price of $50,000.
4	7041 60th Ave N	(Funded by the federal Neighborhood Stabilization Program, hereinafter "NSP".) The EDA purchased this vacant foreclosure in August 2010 and demolished it in June 2011.  The EDA expects to sell the lot for construction of a new house affordable for households below 120% of metro area median income.
5	5906 Elmhurst Ave N	(NSP) The EDA purchased this vacant foreclosure in February 2010 and demolished the house in November 2010.  In January 2011 the EDA sold the lot to Twin Cities Habitat for Humanity for construction of a new house affordable at 50% of area median income. The house has been completed and sold.
6	6601 62nd Ave N	The EDA has a pending purchase of this vacant, tax forfeited house. Closing and demolition are expected by summer 2012. The EDA will seek new house proposals with a lot price of $50,000.
7	5700 Bottineau Blvd	The City Council approved the plat, site and building plans in April 2011 for this 43,000 sq. ft. medical office building.  The project is substantially complete and the principal tenant, Northwest Family Physicians, moved in at the end of February 2012.
8	5657 Adair Ave N	The EDA purchased this vacant foreclosure in December 2007 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
9	5548 Yates Ave N	The EDA purchased this vacant foreclosure in August 2009 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
10	5533 Xenia Ave N	The EDA acquired this vacant short sale in November 2010 and demolished the house in August 2011.  The EDA is seeking new house proposals with a lot price of $50,000.
11	5527 Xenia Ave N	The EDA purchased this property in March 2007 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
12	5626 Vera Cruz Ave N	The EDA purchased this vacant foreclosure in September 2007 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
13	5824 Regent Ave N	The EDA purchased this property in September 2008 then demolished the house.  The EDA is seeking new house proposals with a lot price of $55,000.
14	5715 Regent Ave N	The EDA purchased this vacant foreclosure in August 2009 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
15	5700 Regent Ave N	The EDA purchased this vacant foreclosure in January 2009 then demolished the house. The EDA is seeking new house proposals with a lot price of $50,000.
16	5724 Perry Ave N	(NSP) The EDA purchased this vacant foreclosure in July 2010 and demolished it in March 2011.  The EDA expects to sell the lot for construction of a new house affordable for households below 120% of metro area median income.
17	5255 Edgewood Ave N	The EDA purchased this vacant foreclosure in July 2009 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
18	6529 50th Ave N	The EDA purchased this vacant foreclosure in April 2009 then demolished the house. The EDA is seeking new house proposals with a lot price of $60,000.
19	6620 46th Ave N	In February 2012 the EDA sold this lot to Novak-Fleck for $60,000. The new house is nearly complete and the builder has a buyer for it.
20	4553 Hampshire Ave N	The EDA acquired this vacant short sale in February 2011 and demolished it in August 2011.  The EDA is seeking new house proposals with a lot price of $60,000.
21	4720 Douglas Dr N	The EDA purchased this vacant, abandoned house in March 2012 and will demolish it in April. The city's Forest North Neighborhood Street Reconstruction Project may use the site for a field office from May-October 2012, and upon project completion, the EDA will seek new house proposals with a lot price of $50,000.
22	4633 Douglas Dr N	The EDA purchased this vacant foreclosure in April 2009 then demolished the house. The EDA is seeking new house proposals with a lot price of $50,000.
23	4901 Vera Cruz Ave N	The EDA purchased this vacant foreclosure in July 2009 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
24	4553 Yates Ave N	The EDA purchased this vacant foreclosure in December 2009 then demolished the house. The EDA is seeking new house proposals with a lot price of $45,000.
25	4312 Brunswick Ave N	(NSP) The EDA closed on this vacant foreclosure in October 2010 and demolished it in August 2011.  The EDA expects to sell the lot for construction of a new house affordable for households below 120% of metro area median income.
26	4330 Zane Ave N	The EDA purchased this property in May 1999 then demolished the house.  The EDA is seeking new house proposals with a lot price of $45,000.
27	4326 Zane Ave N	The EDA purchased this property in March 2002 then demolished the house.  MT Builders has optioned this $45,000 lot through September 2012.
28	4310 Zane Ave N	The EDA purchased this property in June 2005 then demolished the house.  MT Builders has optioned this $45,000 lot through September 2012.
29	4306 Zane Ave N	The EDA purchased this property in June 1998 then demolished the house.  The EDA has a pending sale of the lot to MT Builders for $45,000 for construction of a new house.
30	4349 Xenia Ave N	The EDA purchased this vacant foreclosure in March 2012. It will demolish the house by summer 2012 and seek new house proposals with a lot price of $50,000.
31	4343 Xenia Ave N	The EDA purchased this vacant foreclosure in October 2008 then demolished the house. The EDA is seeking new house proposals with a lot price of $50,000.
32	4331 Vera Cruz Ave N	The EDA purchased this vacant foreclosure in May 2008 then demolished the house.  The EDA is seeking new house proposals with a lot price of $50,000.
33	4259 Vera Cruz Ave N	(NSP) The EDA purchased this vacant foreclosure in June 2010, demolished it in May 2011 and sold the lot to Twin Cities Habitat for Humanity for construction of a new house affordable at 50% of area median income. The house has been completed and sold.
34	3600 Welcome Ave N	(Excess Highway 100 right-of-way, hereinafter "MnDOT")  This site is located on the north side of 36th between Welcome and Highway 100. It is approximately one acre in size and is guided for neighborhood commercial use.  With assistance from Hennepin County, the EDA is completing a Phase 2 environmental review due to the past presence of a fuel/service station on part of the site. If the site is acceptable and the EDA purchases it from MnDOT, then it would be available for a small office building or similar use as market conditions warrant.
35	3556 Welcome Ave N	(MnDOT) The EDA is seeking new house proposals with a lot price of $55,000.
36	3548 Welcome Ave N	(MnDOT) The EDA is seeking new house proposals with a lot price of $55,000.
37	5520 34th Ave N	(MnDOT)  This lot is located on the north side of 34th Avenue, west of the noisewall/bike trail.  With assistance from Hennepin County, the EDA is completing a Phase 2 environmental review due to the past presence of a dry cleaner on part of the lot. If the site is acceptable and the EDA purchases it from MnDOT, then the EDA will seek new house proposals with a lot price of $55,000.
38	5501 32nd Ave N	(MnDOT)  This site is located on the south side of 32nd west of the Highway 100 noise wall. It is approximately 2.5 acres in size and is guided for low density residential use.  The EDA expects to sell it for development of either single family houses or townhomes as market conditions warrant.
39	5417 35th Ave N	(MnDOT) The EDA is seeking new house proposals with a lot price of $40,000.
40	5224 35th Ave N	The EDA purchased this vacant foreclosure in June 2011 and demolished it in October 2011. In November 2011 the EDA sold the lot to Novak-Fleck for $50,000. The new house is nearly complete and the builder has a buyer for it.
41	5116 35th Ave N	(NSP) The EDA purchased this vacant foreclosure in September 2010 and demolished it in August 2011.  The EDA expects to sell the lot for construction of a new house affordable for households below 120% of metro area median income.
42	3548 Regent Ave N	The EDA purchased this vacant foreclosure in March 2011 and demolished it in September 2011. The EDA has a pending sale of the lot to Novak-Fleck for $50,000 for construction of a new house.
43	3541 Regent Ave N	The EDA purchased this property in July 2011 and demolished it in October 2011. The EDA has a pending sale of the lot to Novak-Fleck for $50,000 for construction of a new house, and the builder has a buyer for it.
44	3528 Noble Ave N	(NSP) The EDA purchased this vacant foreclosure in August 2010 and demolished it in June 2011.  The EDA expects to sell the lot for construction of a new house affordable for households below 120% of metro area median income.
45	3533 Lee Ave N	The EDA purchased this property in April 2008 then demolished the house.  The EDA is seeking new house proposals with a lot price of $40,000.