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� .� . '�_ . ■n�i City of Roseville Housing Replacement Program (HRP) Purchase and Redevelopment Guidelines Amended June 22, 1998 Amended March 20, 2000 &April 10, 2000 ProaramOverview The Roseville Housing Replacement Program was approved in 1996 as a pilot program to encourage new investment and improvement to the City's neighborhoods. The purpose of the program is to facilitate the replacement of deteriorating lower value housing on scattered sites throughout the City with larger, higher value housing . , ,_ , by� The City can im�lement the Program bx: 0 tp ion 1: purchasing substandard homes and selling the lot to a licensed builder or individual for the construction of a new single family, owner occupied home, or for other residential uses that meet the objectives of the Comprehensive Plan: or tion : providing a low interest loan to Roseville residents, up to a maximum of $10,000, for the demolition of a substandard home to make it economically feasible to construct a new single family, owner occupied home or for other residential uses that meet the obiectives of the Comprehensive Plan.; C ontractRea�irements: �� The buyer must submit a proposal for the reuse of the lo , City staff will then review the proposals and make a recommendation to the Council/HRA. If the proposal is chosen by the Council/HRA, the homebui{der will be required to enter into a participation agreement with a non- refundable, non-binding fee of $500 which will provide the builder exclusive right for a maximum of 60 days to enter into a contract for private development. During the participation period, the builder and City staff will negotiate the terms of a Purchase and Redevelopment Agreement or Contract for Dedd which will outline builder requirements and � housing design and site criteria. If the negotiation fails and an agreement is not executed, Page 1