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2013-01-15_HRA_Agenda_Packet
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2013-01-15_HRA_Agenda_Packet
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7/19/2013 3:21:07 PM
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2/21/2013 11:00:14 AM
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Commission/Committee
Commission/Authority Name
Housing Redevelopment Authority
Commission/Committee - Document Type
Agenda/Packet
Commission/Committee - Meeting Date
1/15/2013
Commission/Committee - Meeting Type
Regular
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b.Service loans made to City residents: <br />1.Direct the Community Reinvestment Fund (“CRF”) to collect such <br />payments pursuant to a contract dated July 2, 2000between Consultant <br />and CRF (the “CRF Contract”). <br />2.Direct CRF to take such action pursuant to the CRF Contract if there is an <br />uncured default by a borrower under a loan pursuant to an Installment <br />Loan Program. <br />3.Receive all payments made by borrowers to CRF; <br />4.Disburse all payments received by Consultant as directed, in writing, by <br />the HRA which may include disbursing the funds pursuant to one of the <br />loan programs described in this Agreement. <br />c.Assist Cityresidents considering rehabilitation, including property visits, meet <br />with homeowners and potential contractors, suggest alternatives for rehabilitation <br />to homeowners, educate homeowners on the construction bid process, assist <br />homeowners to evaluate bids and work completed and construction progress. <br />d.Provide HRC housing information to Cityresidents,including information on <br />emergency assistance, housing rehabilitation, first time homebuyers and limited <br />rental information; <br />e.Assist the HRAin developing programs to purchase and rehabilitate homes; <br />f.Coordinate these services out of Consultant’s Housing Resource Center, 1170 <br />Lepak Court, Shoreview, MN 55126;and <br />g.Have Consultant’s staff visit residences as determined necessary by Consultant. <br />Term. <br />2.This Agreement shall be in full force and effect from January 1, 2013and <br />shall continuethroughDecember 31, 2013, unless otherwise terminated as set <br />forth below. <br />Compensation <br />3.. <br />Construction Management Services to assist City residents:And other <br />non-loan servicesprovided under this Agreement, the HRAshall pay to <br />the Consultant ThirteenThousand Dollars ($13,000.00)within thirty (30) <br />days after execution of this Agreement. <br />Loan Administration of the Roseville Home Improvement Loan Program: <br />The borrower shall pay the Consultant’sfees. A nonrefundable <br />applicationfee of $75.00 will be charged at the time ofapplication. A fee <br />of $350 will be included in the loan amount to coverthe cost of <br />origination, closing and escrowing funds. <br />2 <br />fb.us.3166730.04 <br /> <br />
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