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Attachment B <br />MEMORANDUM OF UNDERSTANDING <br />BETWEEN <br />CITY OF ROSEVILLE, MINNESOTA <br />AND HOUSING AND REDEVELOPMENT AUTHORITY <br />IN AND FOR THE CITY OF ROSEVILLE <br />This MEMORANDUM OF UNDERSTANDING is hereby made and entered into by and <br />between the City of Roseville (“the City”) and Housing and Redevelopment Authority in and for <br />the City of Roseville (“the RHRA”) as of the dates of signatures below. <br />A.PURPOSE <br />The purpose of this MOU is to articulate the general understanding about responsibilities of the <br />City and the RHRA in regards to redevelopment of parcels legally described on Attachment A <br />and generally located at the corner of Dale Street and Lovell Ave (referred to as the “Property”). <br />B.THE CITY OF ROSEVILLE OBLIGATIONS: <br />1.The City will convey the Property to the RHRA by quit claim deed for a purchase price equal <br />to the appraised value of land. The allocation of costs associated with demolition of the <br />existing building and environmental remediation of the Property will be furthered reviewed <br />and discussed by both parties prior to the transfer of the Property. <br />2. The RHRA will, at its cost, obtain the appraisal of the Property, and the costs of demolition <br />and remediation will be as mutually agreed upon by the City and RHRA. <br />3.Property will be conveyed to the HRA within 60 days after the Fire Department vacates the <br />Property. <br />4.Before expiration of this agreement, the City will rezone the Property up to HDR-1, High <br />Density Residential (subject to compliance with all procedures under City ordinances and <br />State law), based upon a redevelopment proposal received by RHRA. <br />5.The parties will mutually agree as to allocation of closing costs for conveyance of the <br />Property. <br />C.RHRA OBLIGATIONS: <br />1.The RHRA will work with the surrounding neighborhood and City Council in envisioning a <br />preferred development on the Property. <br />2.The RHRA will seek a redeveloper to develop the Property, and negotiate with that <br />redeveloper regarding terms of sale of the Property and construction of the preferred <br />development on the Property. <br />3.The RHRA will undertake environmental review and remediation of the Property, including <br />conducting a Phase I and Phase II environmental review as necessary; a Hazardous Building <br />Assessment and resulting remediation as determined by the studies (the cost of which is <br />offset against the purchase price, as described above). <br /> <br />