2003-11-18_Minutes - Laserfiche WebLink

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City of Roseville - Housing & Redevelopment Authority Meeting Minutes for September ...Page 2 of 4 Motion carried. Public Hearing 7. - none Action Items 8. Approval of Contract for Private Redevelopment with GMHC for Applewood Pointe a). Project. HRA Executive Director Bennett explained the contract with GMHC and the affordable homes and targeted incomes program. Changes to the contract include the definition of the homeowner (first time home buyer – 3 or more in household and household with public service employee). There could be several public service employee homes and all home would be first targeted to the public service employees. The assistance to the project was clarified: 1) participation in Ramsey County First Home Program; 2) participation in MHFA Minnesota Cities Participation Program; 3) low interest loans provided by lender approved through the home ownership center; 4) public service employee (PSE) program with household income of less than 120% of current median income. PSE is defined as the Authority’s program to target new homeowners who are currently employed by the City as police officers or volunteer fire fighters or who are Roseville/Mounds View School District teachers. These public service employees provide essential services to the community and living within the neighborhood is beneficial to their public service. Bennett added that the HRA will become a signature on the first right of refusal agreement and that clause regarding any profit realized on the sale of the homes would revert back to the HRA. Cathy Bennett explained the timetable for sale of the five lots with construction to begin by May 1, 2004. Carolyn explained MHFA changes, which may occur in the first quarter of 2003, and that the language should include these possible changes. Chair Majerus asked for comparison to other HRAs. Carolyn explained the Osseo experience. Motion: Member Kelsey moved, second by Member Marks to approve, by resolution (attached), the contract for private development by and between the Housing & Redevelopment Authority in and for the City of Roseville and the Greater Metropolitan Housing Corporation for the construction and sale of five Applewood Pointe single family homes and direct the Executive Director to finalize the agreement for signature by the HRA Chair. Ayes: 7 Nays: 0 Motion carried. Approval of amendment to the Roseville Housing Redesign Program for 2004 (RHRP) b) Cathy Bennett explained the modifications to the home design program and to rename the program to the Roseville Housing Redesign Program (RHRP). Goals were described and the program change included the following: Homeowners much meet the following criteria to be eligible for the program: 1) Assessed value of less than $200,000 - required 2) Must be a 25+ year old house - required 3) Plus one of the following http://archive.ci.roseville.mn.us/council/hra/minutes/2003/hram031118.htm4/16/2010