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~-~Q /fi\ -'-{ . 0. @;M COMMUNITY DEVELOPMENT DEPARTMENT April 9, 2001 Mitch & Melissa Vrudny 2018 Ramline Avenue Roseville, MN 55113 Dear Mr. & Mrs. Vrudny: The City of Roseville continues to be interested in purchasing your home per your recent request last week. The City of Roseville made an offer to purchase your home in 1998 under the voluntary Housing Replacement Program. As part of the program an inspection and appraisal were conducted on your home at the City ofRoseville's expense and an offer was made for $53,000 per a letter dated February 20, 1998. At that time you decided to remain in your home and the offer was not accepted. Since this is a continuation of a past request the City will not be required to conduct another inspection and appraisal of your home. We are however prepared to offer you $55,000 for your home, which is a $2,000 increase from 1998. We believe this is a fair price for many reasons: ~ The City will pay cash at closing and can expedite the closing within 30 days after Council approval. ~ Your 2000 assessed value has remained constant at $46,500. We are prepared to pay you an additional $2,000 over the 1998 offer for the small about of improvements you have made to your home. ~ You will be able to collect the entire $55,000, less minimal closing costs, since there will be no Realtor commission on the transaction. A Realtor would typically charge 7-10 percent of the sales . . . pnce as a commISSIon. Upon acceptance of this offer a purchase agreement will be prepared for final City Council consideration. The upcoming City Council meetings are April 23 and May 14. We would need to have your acceptance by the Tuesday prior to the Council meeting to be considered. Thank you and please contact me at 651-490-2241 to discuss. Sincerely, Cathy Bennett Economic Development Specialist Cc: Dennis Welsch, Community Development Director Q:\housing \replacement program\vrudny otTer letter 40901