2012_1015_Packet - Laserfiche WebLink

Home

Attachment A 1 MEMORANDUM OF UNDERSTANDING 2 BETWEEN 3 CITY OF ROSEVILLE, MINNESOTA 4 AND HOUSING AND REDEVELOPMENT AUTHORITY 5 IN AND FOR THE CITY OF ROSEVILLE 6 7 This MEMORANDUM OF UNDERSTANDING is hereby made and entered into by and 8 between the City of Roseville () and Housing and Redevelopment Authority in and for 9 the City of Roseville () as of the dates of signatures below. 10 11 A.PURPOSE 12 13 The purpose of this MOU is to articulate the general understanding about responsibilities of the 14 City and the RHRA in regards to redevelopment of parcels legally described on Attachment A 15 and generally located at the corner of Dale Street and Lovell 16 17 B.THE CITY OF ROSEVILLE OBLIGATIONS: 18 19 1.The City will convey the Property to the RHRA by quit claim deed for a purchase price equal 20 to the appraised value of land. The allocation of costs associated with demolition of the 21 existing building and environmental remediation of the Property will be furthered reviewed 22 and discussed by both parties prior to the transfer of the Property. 23 2. The RHRA will, at its cost, obtain the appraisal of the Property, and the costs of demolition 24 and remediation will be as mutually agreed upon by the City and RHRA. 25 3.Property will be conveyed to the HRA within 60 days after the Fire Department vacates the 26 Property. 27 4.Before expiration of this agreement, the City will rezone the Property up to HDR-1, High 28 Density Residential (subject to compliance with all procedures under City ordinances and 29 State law), based upon a redevelopment proposal received by RHRA. 30 5.The parties will mutually agree as to allocation of closing costs for conveyance of the 31 Property. 32 C.RHRA OBLIGATIONS: 33 34 1.The RHRA will work with the surrounding neighborhood and City Council in envisioning a 35 preferred development on the Property. 36 2.The RHRA will seek a redeveloper to develop the Property, and negotiate with that 37 redeveloper regarding terms of sale of the Property and construction of the preferred 38 development on the Property. 39 3.The RHRA will undertake environmental review and remediation of the Property, including 40 conducting a Phase I and Phase II environmental review as necessary; a Hazardous Building 41 Assessment and resulting remediation as determined by the studies (the cost of which is 42 offset against the purchase price, as described above). 43