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~ QSA, Inc. ~ 861-2026 ~ 8/13/98 \.y 1 1 ::>.! AM LJ "f/ t:) 4. Any homeowners in the program who sell before ten years, pay the city its entire principle investment and the home continues to generate increased tax on its improvement. This further enhances the city's home improvement revenue stream. If homeowners do stay longer than ten years, then the goal of the program to promote citizen investment and life cycle housing in Roseville is achieved. 5. Interested homeowners will be given a prepared description of the styles of homes that will qualify, for example "Typical" homes built between 1945 and 1975, of ranch, rambler or Cape Cod (story and one-ha1f) sty Ie. 6. Prepared program qualifications wiU also specify improvements that (at least one of which) must be demonstrated in a reconstruction. They include an enlarged and improved kitchen, an additional or enlarged bathroom, a master bedroom/ couple's suite, a main floor family room, and a second garage stall. 7. The improvement must be designed by an architect (minimwn Bachelor of Architecture degree). 8. The city wiH be permitted to video the improvement, hold an open house to display it, and otherwise pubJicize it. This includes a right of the city to acquire design plans and drawings for publication. 9. A homeowner can qualify for the program by having his or her plans approved when construction lending is approved by a lender, entering a loan agreement with the city at the same time the lender doses its loan. No funds will be disbursed by the city until the project is ready for display. The homeowner must permit photography and documentation of the project in advance of completion of the project. 10. Homeowners will be selected for the program on a first-corne, first-served basis, the city reserving the right to detennine the suitability of the project for loan qualification. If the project is submitted as an in-progress project the city may take into accmmt if!=! abihty to document the preexi!=!ting home and its reconstruction. Pre-loan advice on qualifying for the program will be available (from QSA). 11. QSA, Inc. will prepare lender, builder and architect infom'\.ation to be available to homeowners on request. Specific recommendations will not be made, but after a period of time QSA will develop lists labeled flY Oill neighbors recommend". 12. A waiting list will be compiled for recipients of the next available funding.