1998_0622_packet - Laserfiche WebLink

Home

REQUEST FOR CITY COUNCIL ACTION DATE: 06122198 ITEM Ho: - Department Approval: Manager Approval: Agenda Section: Report/Recommendation Item Description: Roseville Housing Improvement Program Housing Replacement Program Amendment- Demolition Financing 1.0 Re d Action 1.1 City staff is -req uesti nq an amendment to the Housing Replacement Program that would add a provision to provide demolition funding for Roseville property owners interested in building new homes on existing sites. .1 Under the current housing replacement program the City would purchase outdated or non-code compliant structures that could not be economically rehabilitated or sold on the open market and sell the let for the construction of a new single family home. 2.2 These transactions require an up front subsidy which is not expected to be replenished for several years with the increase in taxes on the new home. The up front cost is approximately$40,000 - $70,000. The sales price of land is usually not more than $45,000. 2.3 1 n a Y City staff received a letter from Lester and Becky Dee requesting assistance for removing the home at 992 Burke Avenue. The Dees are existing residents and the y plan to sell their existing home and Build a new Dome on the lot at 992 Burke. The y would life to move so that they can be closer to daycare as their daughter will be entering school soon and will need school transportation to the daycare. The home is in p oor condition on a nice lot and in a Neighborhood that has experienced considerable reinvestment over the past few years. 3.0 �ro j)osedi Program Amendment 3.1 Staff is proposing an amendment to the Housing Replacement Program that would alloy the City to provide demolition financing for those people that would like to build a new home on an existing lot where the home is substandard. RCA—HRP Amendment 06/22/98- Page 1 of