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Attachment B RA. Roseville Lot Sale Re lacement Program / p Program Overview Program Objectives • To remove substandard, functionally obsolete housing on scattered sites throughout the City and replace with new, higher - valued, sustainable housing. • To eliminate the influence of blight of substandard housing, thus improving residential neighborhoods. • To facilitate the construction of larger (3+ bedrooms /2+ bathrooms /2 -car garage) owner - occupied homes that complement the neighborhood and are designed to expand family opportunities or serve elderly residents. These objectives will be achieved by the RHRA purchasing and razing substandard homes and selling the lot to a licensed builder or individual for the construction of a single - family, owner - occupied home. *This document is meant to guide program administration and should not be interpreted as constituting any contractual agreement or liability by the Roseville Housing and Redevelopment Authority (RHRA). The RHRA may modify or divert from the guidelines when it deems appropriate. Program Basics • RHRA publishes a list of available vacant lots for purchase including sale price and development criteria. • A builder with an identified buyer, a buyer with an identified builder, or a builder without an identified buyer proposes a plan consistent with development criteria /program requirements and offers to purchase the lot. • RHRA Board holds a public hearing to collect public comment then approves or rejects lot sale. • When HRA approves a lot sale, the lot is sold to Potential Homeowner or Builder /Developer. • Project must be 100% complete within one year after closing. Builder Requirements 0 Must be a licensed contractor. Must demonstrate financial capabilities by providing: a) A statement from a financial institution of sufficient construction capital to complete the project. b) Proof of Builder's Comprehensive General Liability with Property Damage Protection and proof of sufficient worker's compensation insurance coverage by the Builder. c) Written warranty to be provided to the Buyer, which guarantees at minimum, warranted repairs as required by Minnesota State Statute. Must provide references from a) 5 satisfied customers b) Building inspectors from 2 cities where Builder has constructed new housing within the past 3 yea rs Provide an inventory of all homes currently under construction. Page 1 Roseville Housing Replacement Program Adopted May 21, 2013