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<br />HRA INFORMATION <br />Date: 05-18-04 <br />Item No: 8.c. <br />Staff Approval: Agenda Section: <br /> CB Information Item <br />Item Description: Update on Progress of Applewood Court Homes. (HF #5 ) <br />Update <br />1.0 <br />1.1The final plans have been approved for building permit and construction is scheduled to <br />begin in early June. Transfer of the property to GMHC is expected to take place at the <br />end of May. <br />June 1, 2004 <br />1.2A tentative date for the Ground Breaking Ceremony has been identified as <br />at 4:00 p.m <br />. at the site. If the HRA concurs with this date, invitations will be mailed to <br />Council, Planning Commission, School Board Members, Ramsey County Officials, City <br />Staff, Habitat for Humanity, Immediate Neighbors, United Properties and local media. <br />1.3Staff will be ordering an additional appraisal of the new homes to verify the estimated <br />new value. This value affects the amount of the second mortgage notes as well as the <br />marketing fee. <br />1.4More than 20 prequalification applications have been mailed to interested people for <br />purchase of the homes. About half are public service employees. In addition the HRA <br />“Housing Link: will be inserted into the City newsletter that will be delivered to all <br />Roseville residents later this month. An email flyer was emailed to both Roseville and <br />Mounds View School Districts for distribution to teachers. The deadline for applications <br />is June 14 and the selection date for qualified applicants is July 9. <br />Prepared by: Cathy Bennett (651-792-7072) <br />\\Victoria\CommDev\Housing\Housing_Files_(HF)\HF0005_applewood pointe\05.18.04 Applewood Pointe Update.doc <br />DHRA_ Applewood Home Update (05-18-04) - Page 1 of 1 <br />