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RosevilleLot/SaleReplacementProgram <br />ProgramOverview <br />ProgramObjectives <br />Toremovesubstandard,functionallyobsoletehousingonscatteredsitesthroughouttheCityand <br />replacewithnew,highervalued,sustainablehousing. <br />Toeliminatetheinfluenceofblightofsubstandardhousing,thusimprovingresidential <br />neighborhoods. <br />Tofacilitatetheconstructionoflarger(3+bedrooms/2+bathrooms/2cargarage)owneroccupied <br />homesthatcomplementtheneighborhoodandaredesignedtoexpandfamilyopportunitiesor <br />serveelderlyresidents. <br />TheseobjectiveswillbeachievedbytheRHRApurchasingandrazingsubstandardhomesandselling <br />thelottoalicensedbuilderorindividualfortheconstructionofasinglefamily,owneroccupied <br />home.*Thisdocumentismeanttoguideprogramadministrationandshouldnotbeinterpretedas <br />constitutinganycontractualagreementorliabilitybytheRosevilleHousingandRedevelopment <br />Authority(RHRA).TheRHRAmaymodifyordivertfromtheguidelineswhenitdeemsappropriate. <br />ProgramBasics <br />RHRApublishesalistofavailablevacantlotsforpurchaseincludingsalepriceanddevelopment <br />criteria. <br />Abuilderwithanidentifiedbuyer,abuyerwithanidentifiedbuilder,orabuilderwithoutan <br />identifiedbuyerproposesaplanconsistentwithdevelopmentcriteria/programrequirementsand <br />offerstopurchasethelot. <br />RHRABoardholdsapublichearingtocollectpubliccommentthenapprovesorrejectslotsale. <br />WhenHRAapprovesalotsale,thelotissoldtoPotentialHomeownerorBuilder/Developer. <br />Projectmustbe100%completewithinoneyearafterclosing. <br />BuilderRequirements <br />Mustbealicensedcontractor. <br />Mustdemonstratefinancialcapabilitiesbyproviding: <br />a)Astatementfromafinancialinstitutionofsufficientconstructioncapitaltocompletetheproject. <br />b)Proofof.ÒzŒ7;©x­ComprehensiveGeneralLiabilitywithPropertyDamageProtectionandproofof <br />sufficientޚ©‰;©x­compensationinsurancecoveragebytheBuilder. <br />c)WrittenwarrantytobeprovidedtotheBuyer,whichguaranteesatminimum,warrantedrepairs <br />asrequiredbyMinnesotaStateStatute. <br />Mustprovidereferencesfrom <br />a)5satisfiedcustomers <br />b)Buildinginspectorsfrom2citieswhereBuilderhasconstructednewhousingwithinthepast3 <br />years <br />Provideaninventoryofallhomescurrentlyunderconstruction. <br />Page1RosevilleHousingReplacementProgramDraftMay2013 <br /> <br />