HomeMy WebLinkAbout2012 08-27 EDAP Regular Session i
EDA MEETING
City of Brooklyn Center
August 27, 2012 AGENDA
I. Call to Order
—The EDA requests that attendees turn off cell phones and pagers during the meeting. A
copy of the full City Council packet, including EDA(Economic Development Authority),
is available to the public. The packet ring binder is located at the front of the Council
Chambers by the Secretary.
2. Roll Call
3. Approval of Agenda and Consent Agenda
—The following items are considered to be routine by the Economic Development
Authority (EDA) and will be enacted by one motion. There will be no separate
discussion of these items unless a Commissioner so requests, in which event the item will
be removed from the consent agenda and considered at the end of Commission
Consideration Items.
a. Approval of Minutes
1. August 13, 2012—Regular Session
4. Commission Consideration Items
a. Resolution Approving the Developer Agreement for NSP III with the Greater
Minnesota Housing Corporation and the Extension of the Developer Agreement
for NSP I with the Greater Minnesota Housing Corporation
Requested Commission Action:
—Motion to adopt resolution.
5. Adjournment
EDA Agenda Item No. 3a
MINUTES OF THE PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF BROOKLYN CENTER
IN THE COUNTY OF HENNEPIN AND THE
STATE OF MINNESOTA
REGULAR SESSION
AUGUST 13, 2012
CITY HALL—COUNCIL CHAMBERS
1. CALL TO ORDER
The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to
order by President Tim Willson at 7:53 p.m.
2. ROLL CALL
President Tim Willson and Commissioners Carol Kleven, Kay Lasman, Lin Myszkowski, and
Dan Ryan. Also present were Executive Director Curt Boganey, Finance Director Dan Jordet,
Public Works Director/City Engineer Steve Lillehaug, Director of Business and Development
Gary Eitel, Assistant City Manager/Director of Building and Community Standards Vickie
Schleuning, City Attorney Charlie LeFevere, and Carol Hamer, TimeSaver Off Site Secretarial,
Inc.
3. APPROVAL OF AGENDA AND CONSENT AGENDA
Commissioner Ryan moved and Commissioner Lasman seconded approval of the Agenda and
Consent Agenda, and the following item was approved:
3a. APPROVAL OF MINUTES
1. July 9, 2012—Regular Session
Motion passed unanimously.
4. COMMISSION CONSIDERATION ITEMS
4a. RESOLUTION NO. 2012-12 APPROVING CONSENT TO ASSIGNMENT OF TIF
NOTE (TWIN LAKES BUSINESS PARK)
Director of Business and Development Gary Eitel introduced the item, discussed the history, and
stated the purpose of the proposed resolution to approve consent to assignment of TIF Note
(Twin Lakes Park Business Park).
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Mr. Eitel answered questions of the EDA, explaining that this funding is reimbursement of
expenses paid upfront by the developer, noting that Joslyn has assigned its interest in the
reimbursement to Real Estate Recycling.
Commissioner Ryan moved and Commissioner Lasman seconded adoption of RESOLUTION
NO. 2012-12 Approving Consent to Assignment of TIF Note (Twin Lakes Business Park).
Motion passed unanimously.
5. ADJOURNMENT
Commissioner Lasman moved and Commissioner Myszkowski, seconded adjournment of the
Economic Development Authority meeting at 8:00 p.m.
Motion passed unanimously.
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EDA Agenda Item No. 4a
EDA ITEM MEMORANDUM
DATE: August 27, 2012
TO: Curt Bogancy, City Manager
tY7
FROM: Vickie Schleuning, Assistant City Manager/Director of Building and Community
Standards
SUBJECT: Resolution Approving the Developer Agreement for NSP3 with the Greater
Minnesota Housing Corporation and the Extension of the Developer Agreement
for NSP1 with the Greater Minnesota Housing Corporation.
Recommendation:
It is recommended that the City Council consider adoption of the Resolution Approving the
Developer Agreement with GMHC for Hennepin County Neighborhood Stabilization Program
III (HUD NSP3 and MHFA NSP3) and extending the Developer Agreement with GMHC for
Hennepin County Neighborhood Stabilization Program I.
Background:
The Neighborhood Stabilization Program (NSP) was authorized by the Housing and Recovery
Act of 2008 (HERA). The programs consist of NSP1, NSP2, and NSP3. The City of Brooklyn
Center's involvement with NSP 1,through its Economic Development Authority, began in
October 2008 with the approval of a Subrecipient Agreement with Hennepin County. NSP fiends
are similar to Community Development Block Grant (CDBG) fiends in that the funds flow from
the Department of Housing and Urban Development(HUD)to Hennepin County and then to
participating cities. Detailed information is provided for the NSP3 program being considered for
Council action for implementation. In addition,brief summaries of NSP I and NSP2 programs
are included for informational purposes to differentiate the programs and uses.
NSP3
Fund Allocation
Hennepin County has awarded a total allocation to Brooklyn Center in the amount of$1,177,750
plus $25,000 in administration expenses with the following breakdown:.
® $690,250 from HUD direct allocation plus $12,500 in Administration Expenses
• $487,500 from MHFA NSP3 allocation plus $12,500 in Administration Expenses
Expenditure Requirements
Expenditures of NSP 1 and NSP3 funds in Brooklyn Center are limited to specific geographic
areas of the City as determined by HUD's foreclosure impact formulas. Maps identifying the
eligible NSP3 areas are attached.
NSP3 fiords will be administered in essentially the same manner as NSP1 fields with some
modifications. The following is a summary of NSP3 funding requirements for the City of
Brooklyn Center:
Mission:Ensuring an attractive,cleat,safe,inclusive community that enhances the qualitj,of life
for all people and preselves the public trust
EDA ITEM MEMORANDUM
® Eligible activities and expenditure requirements include acquisition and rehabilitation of
approximately 17 single family homes with 75 percent sold to buyers at 120 percent of
the Area Median Income (AMI) or less and 25 percent sold to buyers at 50 percent AMI.
As with NSP 1, the required NSP3 allocation for 50% AMI households is based on a
statutory requirement allocating specific dollar amounts rather a specific number of
homes set aside for 50% AMI buyers. The table below shows a summary of the various
allocations.
NSP3 Allocation 120% AMI Households 50% AMI Households
$690,250 (HUD DIRECT) $506,250 $184,000
$487,500 (MHFA) $384,500 1 $103,000
o Eligible areas include the majority of the City's southeast neighborhood and a portion of
the City's central neighborhood. (See attached maps.)
Timeline
The time line for NSP3 is as follows:
* April 27, 2011- Effective date of agreement with Hennepin County. Note: The City
received the final NSP3 Subrecipient Agreements from the County in July 2011.
* By October 31, 2012-Expend $184,000 of HUD NSP3 funds and $103,000 of MHFA
NSP3.
e By March 31, 2013- Expend a minimum of$345,125 in HUD NSP3 funds and $243,750
in MHFA NSP3 funds.
• By March 31, 2014- Expend$690,250 of HUD NSP3 fiends and $487,500 in MHFA
NSP3 funds plus program income generated through implementation of NSP3 activities.
Differences Between NSP3 and NSP1
Major differences from NSP1 to NSP3 include:
• Vicinity Hiring—NSP3 requires that Subrecipients take actions to provide for the hiring
of contractors and/or contractor employees who reside in the vicinity of the census tracts
affected by NSP3. Vicinity hiring is triggered for contractors hiring workers if they are
actively hiring new employees. Additionally, Subrecipients are required to seek
contractors/businesses that are located in NSP3 target areas for work related to NSP3
activities in the specified census tracts.
• MHFA NSP3 Financing Acguisition/Rehab—MHFA NSP3 rules limit reimbursement
of upfront NSP3 costs to $50,000 per unit of NSP3 funds, with the exception of units
intended for 50 percent AMI households. This provision does not necessarily limit the
rehab and/or acquisition expenditures to $50,000 but it does limit upfront NSP3 cost
reimbursement and requires the final gap cost to be obtained from sale proceeds of the
home. Therefore, a portion of the acquisition/rehabilitation costs for MHFA/NSP3
projects will have to be financed until sale of the home occurs. This is something that
would be reflected in a developer agreement similar to what is in place for NSP 1.
Mission:Ensuring an attractive,clear,safe,inclusive eonnnurnitp that enhances the grlalitp of life
for all people and presewes the public trust
A ITEM MEMORANDUM
NSP 1
NSP1 funds have been used to purchase and rehabilitate multiple properties within program-
specific geographic areas. Currently the purchase of nine properties has been facilitated through
the Greater Metropolitan Housing Corporation(GMHC). Seven homes have been completely
rehabilitated. Of the seven that are completed, six have sold and one has a pending sale. The
eighth property is nearing completion and should be on the market shortly. The ninth and final
property is scheduled to begin rehabilitation shortly.
NSP2
The NSP2 program has been administered by Hennepin County and not the city of Brooklyn
Center. Hennepin County's NSP2 Homebuyer Assistance Program provides financial assistance
for income-qualified non-homeowners to become homeowners. The target areas are various
census tracts located within the city of Brooklyn Center. The most recent information from
Hennepin County indicates that the NSP2 funds are mostly expended and the program will be
completed shortly. Please review the attached flyer for additional information regarding NSP2.
Next Steps
If the City Council approves the resolution relative to the NSP3 Developer Agreements (copies
attached) and the extension of the NSP 1 agreement with the Greater Minnesota Housing
Corporation, staff will promptly begin reviewing properties for purchase and rehabilitation
through GMHC and continue the use of GMHC for the remaining NSP1 funds.
Budget Issues:
NSP3 Administrative Funds are available to compensate for a limited amount of staff time
needed to establish and administer the NSP3 Program along with reimbursement of any legal
cost associated with drafting the Development Agreements for the program.
Council Goals:
Strategic:
2 We will stabilize and improve residential neighborhoods
4. We will improve the city's image
Attachments:
Attachment I- Resolution
Attachment II- Amendment to the NSP1 Developer Agreement
Attachment III- NSP3 Developer Agreement
Attachment IV- NSP3 Map
Attachment V- NSPI Map
Attachment VI- NSP2 Map
Attachment VII- GMHC Summary of Qualifications
Attachment VIII- NSP2 Flyer
Mission:Ensuring an attractive,clean,safe,inclusive community that enhances the duality of life
for all people and preserves the public trust
Attachment I—Resolution
Commissioner introduced the following resolution
and moved its adoption:
ECONOMIC DEVELOPMENT AUTHORITY OF
THE CITY OF BROOKLYN CENTER
COUNTY OF HENNEPIN
STATE OF MINNESOTA
EDA RESOLUTION NO.
RESOLUTION APPROVING AN NSP3 DEVELOPER AGREEMENT AND A FIRST
AMENDMENT TO NSP1 DEVELOPER AGREEMENT
BE IT RESOLVED By the Board of Commissioners (the`Board") of the Economic
Development Authority of the City of Brooklyn Center("Authority")as follows:
WHEREAS, Greater Metropolitan Housing Corporation("GMHC") has heretofore
entered into an NSP1 Developer Agreement by and between the Authority and GMHC dated
February 8,2010 (the"NSP1 Agreement"); and
WHEREAS, The NSP 1 Agreement has a term which expired December 31, 2010
and the Authority and GMHC have mutually agreed to continue operating under the NSP1
Agreement; and
WHEREAS, The Authority and GMHC have proposed to amend the NSPI
Agreement (the"Amendment")to extend the term thereof; and
WHEREAS, GMHC was among the companies that submitted applications to
participate in the Authority's program to utilize fiends from the Neighborhood Stabilization
Program III for the purpose of assisting in the acquisition, rehabilitation and resale of foreclosed
homes and was identified by the Authority as the best suited to meet the Authority's policy
objectives and program goals; and
WHEREAS, The Authority proposes to enter into an NSP3 Developer
Agreement with GMHC (the"NSP3 Developer Agreement").
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Brooklyn Center,
The Amendment and the NSP3 Developer Agreement as presented to the Board are
hereby in all respects approved, subject to modifications that do not alter the substance of the
transaction and that are approved by the City Attorney and the Executive Director of the Authority;
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provided that execution of the Amendment and the NSP3 Developer Agreement by the President
and the Executive Director shall be conclusive evidence of approval; and
The President and the Executive Director are hereby authorized to execute the
Amendment and the NSP3 Developer Agreement on behalf of the Authority and to carry out on
behalf of the Authority's obligations thereunder.
Approved by the Board of Commissioners of the Economic Development Authority of the
City of Brooklyn Center this 27 day of August, 2012.
Date President
The motion for the adoption of the foregoing resolution was duly seconded by Commissioner
and upon vote being taken thereon,the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
ATTEST:
Secretary
Attachment II—NSPI Developer Agreement
FIRST AMENDMENT TO
NSP1 DEVELOPER AGREEMENT
By and Between
ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN
CENTER, MINNESOTA
AND
GREATER METROPOLITAN HOUSING CORPORATION
Dated as of: February 8,2010
First Amendment Dated as of: August 27,2012
This document was drafted by:
KENNEDY & GRAVEN, CHARTERED (JSB)
470 U.S. Bank Plaza
200 South Sixth Street
Minneapolis, Minnesota 55402
Telephone: (612) 337-9300
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FIRST AMENDMENT TO
NSPI DEVELOPER AGREEMENT
THIS FIRST AMENDMENT, made on or as of the 27 day of August, 2012, by and
between the ECONOMIC DEVELOPMENT AUTHORITY OF BROOKLYN CENTER,
MINNESOTA, a body corporate and politic organized and existing under the laws of the State of
Minnesota (the "Authority"), and Greater Metropolitan Housing Corporation, a Minnesota
nonprofit corporation(the "GMHC").
WITNESSETH:
WHEREAS, the Authority and GMHC heretofore entered into an NSP 1 Developer
Agreement by and between the Authority and GMHC dated February 8, 2010 (the "Original
Agreement") in connection with the Authority's program to utilize funds from the Neighborhood
Stabilization Program I for the purpose of assisting in the acquisition, rehabilitation and resale of
foreclosed homes; and
WHEREAS,the Original Agreement has a term which expired December 31, 2010; and
WHEREAS, GMHC and the Authority have proposed to amend the Original Agreement
as provided herein to extend the term thereof;
NOW, THEREFORE, in consideration of the premises and the mutual obligations of the
parties hereto, the parties agree as follows:
1. Section 2 of the Original Agreement is amended in its entirety to read as follows:
"2. Term. This Agreement is effective as of the Effective Date and
until July 31, 2013. This Agreement will be automatically renewed for
additional one year periods with the same terms and conditions annually
thereafter unless either party provides written notice of non-renewal 60
days before the annual termination date or unless sooner terminated in
accordance with the terms of this Agreement."
2. Except as hereby amended, all other terms and conditions of the Original
Agreement shall remain in full force and effect.
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(The remainder of this page is intentionally left blank.)
IN WITNESS WHEREOF, the Authority has caused this First Amendment to be duly
executed in its name and behalf and its seal to be hereunto duly affixed and GMHC has caused
this Agreement to be duly executed in its name and behalf on or as of the date first above written.
ECONOMIC DEVELOPMENT
AUTHORITY OF BROOKLYN CENTER,
MINNESOTA
By
President
By
Executive Director
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Signature pages to First Amendment to NSP1 Developer Agreement
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GREATER METROPOLITAN HOUSING
CORPORATION,
a Minnesota nonprofit corporation
By:
Its:
Signature pages to First Amendment to NSP1 Developer Agreement
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Attachment III—NSP3 Developer Agreement
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NSP3 DEVELOPER AGREEMENT
(Greater Metropolitan Housing Corporation)
THIS AGREEMENT, made and entered into as of the 27 day of August, 2012
("Effective Date"), by and between by and between the Economic Development Authority of the
City of Brooklyn Center, a public body corporate and politic under the laws of the State of
Minnesota, having its principal office at 6301 Shingle Creek Parkway, Brooklyn Center,
Minnesota ("EDA"), and the Greater Metropolitan Housing Corporation, a non-profit
corporation under the laws of Minnesota, having its principal office at 15 South Fifth Street,
Suite 710, Minneapolis, Minnesota 55402 ("GMHC").
RECITALS
A. Title III of Division B of the Housing and Economic Recovery Act of 2008 (Pub. L 110-289,
1222 Stat. 2654 enacted July 30, 2008), ("HERA"), as amended, and an additional allocation of funds
provided under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010(Pub.L. 111-203,
approved July 21, 2010) (the "Dodd-Frank Act") for additional assistance in accordance with the second
undesignated paragraph under the heading"Community Planning and Development-Community Development j
Fund" in Title XII of Division A of the American Recovery and Reinvestment Act of 2009 (Pub. L. 111-5,
approved February 17, 2009) (the "Recovery Act" and collectively, the "Act") makes available to
qualified entities certain qualified grant funds termed Neighborhood Stabilization Program +
funds("NSP3 Funds")under the CDBG Neighborhood Stabilization Program 3 ("NSP3").
B. Hennepin County ("County")received a grant of NSP3 Funds directly from the United States
Department of Housing and Urban Development ("HUD") and as a recipient of fiends the
State of Minnesota Housing Finance Agency ("MHFA") received directly from HUD, both
under the Act.
C. The City of Brooklyn Center ("City") is the sub-recipient of NSP funds from County in the
amount of $1,177,750 ("NSP3 Award") for use within certain approved areas of the City
("NSP3 Eligible Area") plus $25,000 for administrative expenses, as set forth in the City's
agreement with County for the NSP Sub-Recipient Grant approved by the Hennepin County
Board of Commissioners on April 26, 2011,pursuant to County Resolution 11-0153 and City
Resolution 2011-108 ("Subrecipient Agreement").
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D. City authorized EDA to act on its behalf to implement the CDBG Neighborhood
Stabilization Program under the terms of the Subrecipient Agreement (City Resolution 2010-
32). EDA agreed to undertake City's duties under the Subrecipient Agreement (EDA
Resolution 2010-02).
E. EDA has awarded and/or will award the NSP3 Award to certain (
developers "NSP3
P
Developers") under its Foreclosure Recovery Program for the purposes of purchasing and
redeveloping properties that have been demolished or abandoned ("Category E Properties"),
which constitute an eligible use of NSP3 Funds pursuant to § 2301(c)(3)(E) of the Act
("Eligible Use Category E").
F. Under NSP3, Category E Properties must have been demolished or vacant to qualify for
NSP3 Funds. Category E Properties within the NSP3 Eligible Area shall be individually
referred to as "Eligible Property" and collectively referred to as "Eligible Properties".
G. As of the date of this
Agreement, the EDA has approved the use of$1,177,750 of the NSP3
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Award("NSP3 Funds") for purchase,rehabilitation, and resale of Eligible Properties.
H. On April 23, 2009, HUD issued a document titled "Guidance on NSP-Eligible Acquisition
and Rehabilitation Activities" that clarifies the use of intermediaries for acquisitions under
NSP (the"HUD Guidance").
I. Pursuant to the First Look Program Acquisition Agreement between EDA and Twin Cities
Community Land Bank LLC, a Minnesota nonprofit limited liability company ("TCCLB"),
dated December 21, 2009, EDA and TCCLB will be working with the National Community
Stabilization Trust ("NCST") and participating sellers under a program called "First Look"
("First Look Program") which allows TCCLB to purchase Eligible Properties prior to such
Eligible Properties being placed on the open market using standardized transaction formats
and pricing models to facilitate a significant purchase price adjustment for the benefit of
TCCLB.
J. EDA desires GMHC to purchase, rehabilitate, and resell Eligible Properties at.the direction
of EDA and GMHC has agreed to do so pursuant to the terms and conditions of this
Agreement, MHFA, County,HUD, and the Act.
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K. From time to time, EDA and GMHC may identify an Eligible Property through means other
than the First Look Program. This Agreement is intended to be applicable to those
acquisitions,rehabilitations, and resales as well.
L. This Agreement is intended to satisfy the requirements of 24 CFR 570.202 and the HUD
Guidance so that Eligible Properties acquired by GMHC retain their eligibility for NSP
assistance.
M. As required by paragraph [five] of the Subrecipient Agreement, County provided its prior
consent to this Agreement.
N. Capitalized terms used and not defined in this Agreement shall have the meaning set forth in
24 C.F.R. Part 570, as modified by the alternative requirements and regulatory waivers
promulgated by HUD and set forth in that certain Notice of Formula Allocations and
Program Requirements for Neighborhood Stabilization Program Formula Grants (Docket No.
FR- 5447-N-01, Notice 75 FR 64322, October 19, 2010) ("NOFA"); as the same may be
amended and supplemented from time to time, and such additional orders, regulations,
rulings, interpretations and directives for NSP3 as may be promulgated or issued by HUD.
AGREEMENT
1. Scope of Work.
A. Developer. EDA hereby designates GMHC as an NSP3 Developer to purchase,
rehabilitate, and resell Eligible Properties at the direction of EDA through the First Look
Program and in accordance with the terms and conditions of this Agreement.
B. Reports. GMHC shall provide EDA on a monthly basis with a report of its
activities under the First Look Program.
C. Criteria. EDA or GMHC shall provide TCCLB with its criteria for Eligible
Properties that it would like to acquire under the First Look Program. Such criteria shall include
location, quality, price, and level of needed repairs.
D. Compliance with Required Programs. To the extent required by federal, state,
and local law and regulation, GMHC agrees to comply with the program requirements of.
1) Hennepin Housing Consortium HOME Investment Partnerships
Program Construction and Rehabilitation-Standards (as of October
28, 2008);
2) 2012 National Enterprise Green Communities Criteria as modified
by the Minnesota Overlay to the Green Communities Criteria, and
as further defined in Section 4.07 of MHFA's Neighborhood
Stabilization Program Procedural Manual (as of January 2012)
("Procedural Manual"); and
3) Procedural Manual,
as attached and hereto incorporated into this Agreement as Exhibit B, and
4) Hennepin County Affirmative Action Policy and Commissioners'
Policies Against Discrimination;
5) Equal opportunity and discrimination provisions of 24 CFR Part
570 and all applicable State and Federal laws, rules, and
regulations and as set forth in Section 3.03 of the Procedural
Manual;
6) Section 504 of the Rehabilitation Act of 1973, as amended;
7) Lead based paint notification, inspection, testing and abatement
procedures established in 24 CFR Part 35 as referenced in 24 CFR
570.608, including but not limited to the Lead Disclosure Rule and
HUD's Lead Safe Housing Rule as set forth in Section 3.07 of the
Procedural Manual;
8) Fair housing requirements of section 104(b) and section 109 of
Title I of the Housing and Community Development Act of 1974,
as amended, including Title VI of the Civil Rights Act of 1964, the
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Fair Housing Act, and other applicable fair housing laws and as set
forth in Section 3.03 of the Procedural Manual;
9) the City's NSP Affirmative Fair Housing Marketing Plan; and
10) Vicinity Hiring Preferences, as set forth in 24 CFR 135 (economic
opportunities for low and very-low income persons) and Section
1497(a)(8) of the Dodd-Frank Wall Street Reform and Consumer
Protection Act.
GMHC further agrees to provide the EDA with a timely certification that the program
requirements listed in this Section have been met as required by law and this Agreement.
2. Term. This Agreement is effective as of the Effective Date and until July 31, 2013. This
Agreement will be automatically renewed for additional one year periods with the same terms
and conditions annually thereafter unless either party provides written notice of non-renewal 60
days before the annual termination date or unless sooner terminated in accordance with the terms
of this Agreement.
3. NSP Eligible Area. The map attached to this Agreement as Exhibit A identifies the areas
determined by the MHFA to be the City's areas of greatest need. To be eligible for NSP3 Funds
from MHFA, Eligible Properties must be located within the area identified as Census Tract 206.
To be eligible for NSP3 Funds directly from HUD, Eligible Properties must be located within the
area identified as Census Tracts 203.04 or 205.
4. Timing. Any properties acquired by GMHC prior to the Effective Date of this
Agreement and any properties acquired by GMHC without the prior consent of EDA are not
eligible for NSP3 Funds.
5. URA and Tenant Protections. GMHC shall comply with applicable acquisition and
relocation requirements in the Uniform Relocation Assistance and Real Property Acquisition Act
("URA") as required under 24 CFR 570.606(a) and HUD implementing regulations at 49 CFR
Part 24, including, without limitation, the voluntary acquisition provisions at 49 CFR
24.101(b)(1). Among other things, URA and its implementing regulations require documentation
of the delivery of an informational notice in substantially the form attached to this Agreement as
Exhibit C (HUD Guideform: "NSP Voluntary Acquisition of Foreclosed Property") to each
property owner. GMHC will acquire only unoccupied properties and must certify that its
acquisition did not cause tenant displacement (as described in URA). Further, with respect to
any property foreclosed after February 17, 2009, GMHC must cooperate with TCCLB's efforts
to obtain certification from the foreclosing lender that the foreclosing lender complied with the
tenant protections in the American Recovery and Reinvestment Act of 2009 (Public Law 111-5)
and the Protecting Tenants at Foreclosure Act of 2009 with the form attached to this Agreement
as Exhibit D ("PTFA Certification"). If GMHC acquires an Eligible Property at the direction of
EDA through any means other than the First Look Program and that Eligible Property was
foreclosed after February 17, 2009, then GMHC must obtain certification from the foreclosing
lender that the foreclosing lender complied with the tenant protections in the American Recovery
and Reinvestment Act of 2009 (Public Law 111-5) and the Protecting Tenants at Foreclosure Act
of 2009 using a form substantially similar to the form attached to this Agreement as Exhibit D.
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6. Purchase Discount. GMHC will obtain a URA-compliant appraisal (49 CFR 24.103)
through Hennepin County dated within 60 days before the final offer date of any applicable
Eligible Property and obtain a discount from the Current Market Appraised Value for each
Eligible Property of at least 1%. If the anticipated value of the Eligible Property is $25,000 or
less and the acquisition is voluntary, then review of available data by a person qualified to make
the valuation may be substituted for an appraisal.
7. Environmental Review. Prior to a commitment of NSP3 Funds or "choice-limiting
action" as described in the environmental regulations at 24 CFR Part 58, GMHC and EDA will
undertake the appropriate environmental review procedures and documentation as determined,
requested, or required by the County and MHFA.
8. Acquisition, Rehabilitation, and Resale Provisions. It is the intent of the parties that
Eligible Properties acquired pursuant to this Agreement will retain their Foreclosed status
including through any subsequent sales or transfers from TCCLB to GMHC as an NSP3
Developer and through any non-NCST sales or transfers to GMHC. GMHC and EDA further
agree as follows:
(a) Purpose—Eligible Use Category E.
(b) Eligible Area—depicted in Exhibit A.
(c) Sale Price—At the closing for each Eligible Property, GMHC will use its funds to
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acquire each Eligible Property, plus a $1000.00 First Look Program transaction
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fee per Eligible Property, if applicable. At the sole discretion of EDA, EDA may
use its fiinds to acquire each Eligible Property.
(d) Procedures — For any acquisition pursuant to the terms of this Agreement, EDA
and GMHC will follow the acquisition, rehabilitation, and resale procedures
attached to this Agreement as Exhibit E ("Procedures"). For First Look Program
acquisitions, GMHC will also follow the procedures attached to this Agreement as
Exhibit F ("TCCLB Acquisition Process") wherein the term "Developer" shall
mean GMHC.
(e) Purchase Agreement GMHC will enter into a purchase agreement in
substantially the form attached to this Agreement as Exhibit G ("Form Purchase
Agreement") for each Eligible Property or group of Eligible Properties that EDA,
from time to time, requests GMHC to acquire under the First Look Program. For
non-First Look Program properties, GMHC shall enter into.a purchase agreement
only after GMHC receives the written consent of EDA.
(f) Title—GMHC shall acquire title from TCCLB through the First Look Program or
from any other eligible seller pursuant to the terms of this Agreement; and GMHC
shall remain in title during the rehabilitation and resale periods and until the sale
of an Eligible Property to a qualifying end buyer.
(g) Developers Fee — EDA will pay GMHC 8% of GMHC's total development cost
of each Eligible Property. The development cost shall include costs for the
following: acquisition, construction or rehabilitation; contingency, marketing and
realtor services, and carrying. Upon the resale of each Eligible Property to an end
buyer, GMHC will provide EDA with an accounting. Thereafter EDA will pay
GMHC said fee. EDA will not unreasonably withhold said fee.
(h) Resale — GMHC will market and resell each Eligible Property acquired pursuant
to.this Agreement to an NSPlncome-eligible individual in compliance with
applicable federal, state, and local laws and regulations, including but not limited
to the continuing affordability requirements stated in the NOFA, 24 CFR 92.242,
24 CFR 92.254 and the Procedural Manual. Pursuant to HUD Guidance, the sales
price of properties sold to NSPlncome-eligible individuals cannot exceed total
costs (acquisition,rehabilitation, and development costs).
9. Documentation. GMHC must maintain the following records and reports relating to
Eligible Properties acquired pursuant to this Agreement: appraisal, NSPlnformational notice
offer letter, PTFA Certification, NSP3 Developer Access and Indemnification Agreement,
environmental reports, purchase agreements, settlement statements, and deed document
number/filing information per property. GMHC shall submit copies of the foregoing applicable
documentation to EDA with respect to any Eligible Property acquired pursuant to this
Agreement.
10. Other Program Requirements. GMHC shall carry out the acquisition activities under this
Agreement in compliance with all federal laws and regulations described in 24 CFR Part 570,
subpart K, except that (i) GMHC does not assume EDA's environmental responsibilities
described at 24 CFR 570.604; and (ii) GMHC does not assume FDA's responsibility for
initiating the review process under the provisions of 24 CFR Part 52 (Intergovernmental Review
of HUD Development Programs and Activities). GMHC shall execute the attached certifications
regarding lobbying and debarment in conjunction with the execution of this Agreement, as
provided in Exhibit H. GMHC may not incur administrative costs.
11. Suspension and Termination. If GMHC materially fails to comply with any term of this
Agreement after written notice and an opportunity to cure, this Agreement may be terminated.
The time period for said opportunity to cure will be dependent upon the relevant time period
requirements of the applicable law, regulation,program, or otherwise.
12. Notice. Except as otherwise provided in Exhibit G, all communications, notices, and
demands of any kind which either party may be required or may desire to give to or serve upon
the other shall be made in writing, and such notice shall be deemed sufficiently given if and
when it is addressed to then other party as provided below and either (a) delivered personally, (b)
deposited in the United States mail, registered or certified, with postage prepaid, (c) deposited
with an overnight delivery service for next day delivery, or(d)telecopied:
. i
To EDA: Economic Development Authority
City of Brooklyn Center
Attention: Jesse Anderson
6301 Shingle Creels Parkway
Brooklyn Center,MN 55430
To GMHC: Greater Metropolitan Housing Corporation
Attention: Carolyn Olson
15 South Fifth Street, Suite 710
Minneapolis, MN 55402
13. Data Practices. GMHC agrees to abide by the provisions of the Minnesota Government
Data Practices Act and all other applicable State and Federal laws, rules, and regulations relating
to data privacy and confidentiality, and as any of the same may be amended.
14. Access to Records. EDA shall have the authority to review any and all procedures and
all materials,notices, and documents prepared by GMHC in implementation of this Agreement.
15. Indemnification. GMHC agrees to hold harmless, indemnify and defend EDA, its elected
officials, officers, agents, and employees against any and all claims, losses, or damages,
including attorneys' fees, arising from, allegedly arising from, or related to, the provision of
services under this Agreement by GMHC, its employees, agents, officers, or volunteer workers.
16. Independent Contractor. Nothing in this Agreement is intended, nor may be construed, to
create the relationship of partners or employer/employee between the parties. GMHC, its
officers, agents, employees, and volunteers are, and will remain for all purposes and services
under this Agreement, independent contractors.
17. Entire Agreement. The entire agreement of the parties is contained in this document. This
Agreement supersedes all previous written and oral agreements and negotiations between the
parties relating to the subject matter of this Agreement.
18. Severability. The invalidity, illegality or enforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this
Agreement, all of which shall remain in full force and effect.
19. Assignment of Agreement. The parties shall not assign this Agreement without the
express written consent of the other party.
20. Modification. No provision, term or clause of this Agreement shall be revised, modified,
amended or waived except by an instrument in writing signed by both parties.
21. Counterparts. This Agreement may be executed in any number of counterparts and each
such counterpart shall be deemed to be an original, all of which, when taken together, shall
constitute one agreement.
Attachment IV - NSP3 Map
NSP3 Project Area
Map Date: 8/22/2012
1'PoCd:1ne In N y S � t
Tlxt A-t !l A.'iY l
t
TCG^Ava.ti �o k� ;
L
iyL2II4tt!%_ GR 1J0
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Pat j
1'l�+cAt;lerl!' {tinciritcrin ~� , e ��,yt� 01111
ti„ I'
'
110 f�q
rt
x �o)cry In �f1r,a Ave N
z
r �•;ck 41et r.,r
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z
Nth ? �g'LAN 4Q;h Art ' s
c Ntrth r• ;
r fil W.-I I
z Pill tt, z
� Plxt'.tr:r; p t. C w e 6;rU
:• e
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' U YllfhireF rd t +: E Sm1vz
33rd Ft T flt N
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ltkg
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i 1)th Ar N
Legend City of Legend
�
Brooklyn Center NSP3
City Bountiry
Attachment V—NSP1 Map
NSP1 Project Area
Map Date: 8/22/2012
3Y1
73rd 147 fi
cc
1'iaad one to N Prirmr .tt C
t>ar[;er 7211d
11JOr bri
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n TA'kl -
a Wes z
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P,rrntrd Ave N �1Di 5t N C"?
Ayr %vi kit N R dgth AvF N
LtkgBretr�l,s� _ _
Oft Air N
13hF�tN ]]]
City o f Legend
City Bouncily
Brooklyn Center -rc NSP1
Attachment VI—NSP2 Map
NSP2 Project Area
Map Date: 8!22!2012
T'rd Avr R
1'�oCC'Anc In 1!
1111 Avt H
i
Uth Avt N N1IPA 44
v np,� � Ftrt
f�r► J
Htwt Li,
W nthrtler h Windirnttr In
z hlcp Ln
i 6lit Atie N Sl.:
Fa' c tti11v N
z � �• 591E R,u A 2
t _ 51 It Vivo I
Z Frdrtcn,
s:
x
a
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u vrathrtt B.16 W
n Twin a
LdY.l3 ? �1 WN lhe
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dlrntrd Ais N Oil st It = f t•, .�;� III
Avt ti !,OM Rrr n ti Oth Avp N "
LskSPrt!l�AI`; --
.,Y All =_,, d!tl.AvtN
city of Legend
(� city BOUndr,
3E7EBrooklyn Center F 1 11112
Attachment V11—GMHC Summary of Qualifications /
HCoDn/DiCDCvp}AplUeUL Authority o|Br0Vldh«) [cRhrr. 1vJiDncsotu (EDA)
ReqVe«t [oll-UuiI)itC:Mi0DS8UdP[nposa| (Q|/U/RyP)
NuiglihnrliondStnhiliz8tio|} P[0gi- \in3 (@S[ 3)
Rcsi(Icniia| RclinliULitioUlPU)'pct
Applicant: Greater kjomooka"||ou;in:[omonUo`
35 South n0hame''Sole no
mioncamn%uIH55*0l
012)1391601
$"»/mo for this
nr�'cpP
2. wzmtive at Nogymb tomqu;J,OnIrch,vbilit�i bon p^jecL M&A hAtabc data onw'9w,elf
zFog'le faw»yhorve` and sold x,u*per occupants,w`Cription qfvpplico /\
ue,8,v^u,/Capacity, and omnmkt=ti.rc^po6/r`vif'ct:sord/omsvo.,o/x*
fi,"d�-x/`roj;e/ts and m*wy,,v,`/v.JjQ,v/`&/'v"v3/9m«&p.o'/`,/,a/vo/,vd~/^'&e//
oo^a/mmomc*uv��c�ovp,o *�uw�o0�rvyo�m,nr//oro��v�,�m�",y�//umu
,,hobM/v'exby you(pq=iz^tio''iii m/pko/Owe An/
oVG008AnONKoBsnOP/&OVc6mmV
omdu,Mot/opo|.mnxovri"cro,»v,#ioo',(G/J|IC),.|.^/v,..,uve",'u'improve"ux"`cn.e
a,mv/"vfehovi"o for low,and nodmom^cvwumu.viuudk and�ll-�]/,s'nsfu,om,l)vonios with /
kowmK'e:u^xzuuuoo�,n,xo.create and,onc�out clnonostraho^,^ojuu [}eum",mw|.N \
koio~�u"nmv"xr�^m`d+o�uxc�,�Y7o /o�rko�'vw/v*enn monv'v=�:,nv�o'o/n�
h the cmr,r,U^oco»o!u area iyi=vmvivu the owi|okiurnonq0,/'fp1o^iax|ex,wi^5for
Im^/W fo/"ilie,and individuals [omx,m:4.^nmool.sLxohc^sw win"/uud
51 roPlian collpctyrly o,.,er five weaom Start two omm^mWato-Axc-Ail;^Fvntev t*oY^d+
F^/oi|/vvw^v"Iv,.J.ipPnx/^'"',J`^h renovates and**VmuxCbh*/4^vwo|v"A,wmA.,
m"04/m/ouiwchmn,m.;n owl n,n;oxthhcvmc odo, ou> o/nu^wculian.vcoou.
And t,p,rJw,/o+wm/Ru~h°g/xuom"U. AKA funds Wr,adr and Ken|`11i,kk,xnr"n.
'dnfoon/ahbwvmbw/ly|*^'/mvmuhou^mxor,eop nit,ot, Over thevo3o. `cnx�^.c,,
ho`,xva"xvdw/orkm,S' po'.|'Ind suburban
�vmmw`ui=
|ob /Ips.m:H^vinn, ""«e(i^m,/^ Vn%>heo^oox^/axvou=ndxehvv`m:v,"W,
dire�Avnhm��o�/`u�. oxuy�k'hum,o�xm`avoh,m,h.mnkoec~`n,m,.ovmoo^�cmm�
xxxc, .dmn`pannr""o,xx^n(e kp^`a.j/glvmx»webs M/^Ikmo`xodnmon*mnmum
PvI=^fn8c*oNe,^8|obmo/homes*d,ev,,ont,d,d.*ngn,igxxnd,00dy [u"onfl,,-
,/..,c«otv/.`"'r., n.m,m`ormmo,nnos1.5« Pool and wo"rmhwhoo ux,o unit m. u
n@SCmn[wdDymo'sNunnoWou'|`md` srwns|00xm)oa^J»w�~
|mo`, ^v.`,mAtwnoyam,|e°Jm"op",idvooxa`i^,
op,w^/^jirsw vcmd^mJ/l.�Jp,xmuu~ nodrn�on�inw*,
'x.://bomuoV ,cx`,cu/|/dnr Not\p`teen Aut,'|kvh.Sx for um`v/,mw,
/
`
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` Olil|Kho�dm^d,Q^xpericnc`/^x|'^ p^rtsof damlo»i,;a:dzJ|inXoO"r^{ub!v|'n,�.o�
,A,vu~/6w^"/ V(-hso:c5Sodtkoue)d%vf*nnsu"o oK1 0:1(2 c(
' rheNu\*mrup^/its iii Vieax/iv"uV`-nmvnityMAA.mVooMt'�NLSi li/utivn!,vmDnm.
otic!`m*|,`foreclosed hum"`wv3^blt,oio'mboi':»oton the Nuh.*leooing Service allowing,
oNIHCmAqUe110mob/ QSY Gh4Hf.also acquiumarlyprepmtics throuViim"nirKIAL'.�[irst
ioo\Pmumon,v AD,and mxkxfexvm.
crr�mc�ox�,o:�,o�nt G'�kL|^*�ox�radoz���o[w"�mcVonuro�u�*nv}uncov��
h`'omo/y,�m��»a"�^cxu�ouv/x/�co�wo��enN`wh^��coo��uon. L^mxv|����uf
'n"-m4ocavo'3��kN.nmmino/uy*�o,opn� |��^�v�ordhywmm�o Gr�HCvp^u^u
,nn:,t,x.tixmoma/eomntsomitnos for tk'"kcf;ui,oroPol.^'xowi.nocmm,C.tro/ukn
(tno`vx`n,L^ud Tit o^l^n Rivers LoohrmrA,8xc^sx|bnu'uud roxwvo,t/
omi�!oowontroqmm,io, GmHCnb°ndmi*k^e,%m"`,wyo/i<Cu8G,rhvt cux`pl.ance
fru/afurk`q'ripo`meh^xSeh:�u^
y�-.,c'x�Hmnmrwwi,FIrimah, sNH�Nis:btained ovvrtNmillo^it)mu.%tmmm`xn(imw
A"n^rioC(or000wam"on�omxcoxomQ°o. Ctj,pnV�GiJw[his n$swiU/o^iioc,o|credit
awi|xh|rNwxd.oS Unit h`rnmmnoovgoovo,acquiring anomvov^/)ocex.mi^O`m8Y1mi|v
»umu./,v»dihvn.SHUP'|kw^ isacu,/%;oodroz/c»de for xwU'Fa,�o.w/d(lovnor
nmk.and nox^u,llavx. 5,IbP,also administers T`uu'Nxe 'acoxm't-fo,'dr,d
p'^�an-i fat bmihesio need ofuovuuw.^9"wx their cuuo but with adcnupemuvo/`/"
m'=|u`^a hams 6u|vC ha`,,nW76 rehabbed fondvm.V homes using, Ilk C'��,emSucu',,.
Op'ontly,cWKCizaao*b\m:^SSon"Uicionxu*gaxo pool hnm[vb|u,p'i,vtv.^cd'm`,'u8�
ono\oomudnrN,x. oul bx-deedpwrnrAx^h` xwH/Wow"s t//xduvm�.«oSOnus
it)'he n*t two y*xs.
CmH/has hwlror"!emid/or uve,x�n� nfn�xv|a|m/e
hndYhmv^ ,m'v its.ncr»vunmr,7! m;Ix�o (I""r|m^^en/ "i�1,6t,6932r. sx/+K'un
»"o,mlohoo|^2v,x,hinvnnf Kos m|m,'~"d'nnuons .muw,pr,.ons. ro,*u:v|,'
bam,m;VoO and ZOl1' uf 0W*[ home b *e,`,xm d the area m°d}ovoxvm'
z"d3U%wen!/'njoSMIo[Vic*,pomrrfiani^omy nw/!Qno,^va/*lyv('oa'k,,inCwo/�. A»
ire kwdontkeN" tiple ti%tmxxe'vke as on mn","^v'
,,h,//owv�mokhno`mg,o/j, 01.11,21' 10Svv1''°in61.iVe110,`e "p�n uox:»m`uv
moUm.ot�'voo^ profit pono,,s,anumq,,o/.nmork, i"CwSv,dOcmioor^yonpnvulm*c
k`�hwrunw;,),to help m^,»ot our yxmeoiu|` /c|^000dx,,^ilh|mVcu.
,ud ��aod,/ighkwho:um»«p^
nxxHc\xsNSp/ ^vo,d"i,wi"noopdu.ar"kkw /11d3/cx(r ir
Az ho NSp2^udI;sPFmra^]s K N|ooveyn|.n oNn{cm`hvu,,wocq"i/e !mnn,br
mdraop*cutuoopws,/-and 3 |x�v'Exo*xnfli�wm,flQnv<our wsP| hnme u*,,
cvnpHeVnrJouoo"h,mn,kr\with 13 havixx`Wd kx,ouuro .vn0o4sYlnc|`o,,
xqm,,x9^no��*iU./xom*:Sold nod z(ill omlyxn&,�onsnuu.o,
`
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i
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s|NntE[AN,1|[YH0W1rOV/NE8SU|P PROGRAM CATA `
G\0UChvVUSawdAx/u,m,~ks SiuNe(mo1y|m-fi,s.^U,inner ot,u[xIlmo,ov")li,'St.p^,/.md
suburban communities. The m4orQof|/u^m^x'".a!dNvv,svo`with ioc*ole.-it vr
below WofV`:median WnmeaodhuM th^ohommvr,u F.`ooJvxlod.^n^vvi|oNvm/n^»v
these hn«os ford able
o;nn,�^ties for Wdividvdh Own p-evoxdvleld out otd`co,xr/Jo»mm|*Whm.000U.,v^m|
hinc"°dpnycnyxdoe*onei3h6n,hoods,additional ox revenue for the otvavd L^o/lly,o»d
jobs do,ion,vnstrvmnm n°:homos are bulk i^comeptim.with various 6hies,cou"hu'
mivn,pxv*maing andnpyhko,kood dc,r|opwc'*(o9n,(m^c K^^y2O12,6w1|1Cho-,
u,n�t,vu,dv,rnnv: rd and 5W L995 xioglrfzl.milyhno`n-,vkx,total(loxlopme:!Lu.lof
nx,h�2,911 6W9ckodz92 Uo/in Wily lvvp"py,'r,",/,fmhpm,,tco^nJ$MAKE n.
24:~m romoh^dmd,oWu`Owner mz.n^»%0 ,old mother (.nm"°
mmWmed Orogh GN|iC ConmocticinWmmpeniemSnivicu1| v4ae tmmphled aud ncitry
Ad,/Voodrcnns/n'xtion.E2mnciShhorhnoJre,lcw,plan dm�ioeso,out for coxo*ctioxbids,
a"JyAp','xNoAiw`. WV`,Nh,mrmmnWod and`nN.Z5&percent uf die buyers nerc
4frko^Anuion,13y;"i*Wu1 mvv/'K^ruLsnm(avmsio".0008;Iwcm first time
homehvvc.y96s;cf Ole buyers have iocowubelvr of median *ftk~
hxyxnhn,,children. 95.S15ofh;vs hol01z�oe first Oulu huwch,pelN.
D/.rXgA(v//jv,/ean: GmH[completed x,d sold 194 mx\n^no�nrv`Ntn
other dmobpuVt0{'t for 6mtolv(362|=`c^.o|^do,eloomcot cost"f$4%7/o§n,.6{aoc
!)i/iy`the kao`wo,npw~(priorm Wong vbvyc,}.hires V.1co",ucty,+pruvNe`cumuu,tioo
»,ifinano*the:on. wcU"v`"v°x,;tnmarl:maS arid�Clwlg
6MHVxowo6Waa Arco A560inncome PrWs-200/|km2u1 (/v**,'n,`>
� oo�- ------ ' —��----�--- (
_�0���V� \ 5z'on% m�nm n- _ uve upx
GMHC,bnmdbv/eu/^pcseotafux.uogeu/|mv5chialdt'pu. u/O)Q BSA vzn«nloWu`
sou,nvy/nwahovt c`i|clno, v�cxV^o hmi|iu wit `d^.id.co ^1 itc,`C"w4 n",,
inglvvorvnt�. 92�4xrm BM brov Wwbvn, nr0I1.<5AS A b"e:wuBit Whs.
1l101 were couples,ahoo chUdo",19ANv;vre'w,.Farirt{,"ni!n with d^U*'*`'*kvmo.»nd
lips were shoe v^/,m^.
o*rMcboh,oyeoc,,Zn07-2oz1[|y* d8m1-xc1x,mohuy,^L^,eu,,o^/,vh,loxux,Alta
blrdin Income,a|ong,woet/oC the wSY]requirement odm least 2911o[Uah"d.ap,mg,
ftov.,hvWs atorodov52%c:[McAML Cmn[had nop,eb|aysmccA/og 1hen6pIumkit)
nm(,mw`m,/,,.
,
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/ HOME SELECTION CRITERIA
Ti-,,!ho!'ne5 duz^-il|he acquired zodpxstali(mvdoodu. U.xvmg, mmuwuV`uwdF,ro*cqi:F
�no/du�orm:/�r<�hv,nnumhoo/paw",� 7h:prop mxm are fully osmwd and h.odnmmn/
y0ems wHI be tepkwd in orderW dwimalm the need for onju repaks for at last five you,a
vwy Wnortamd*muvnxic for a new m.n,ivrc,vJ`om*y|at the sayings aoJ,�o"tiv"sI-ji|s*o
tackle hoosi^g'cxo"^U"vs.6NM[also u``%hvren|*xzz'`iv»^"oestMnoocA|'um/r,,sMat
n=vwsyr`Vam/y|WO&Cyx{has Woo^i"'st,deUoo/hoo`wmameog^:morkrt`ne*h:n
(v,ove'4V\eao and takr`pride irymmvh`x this rrpv�tiou through,evJ^'conuu v`tk
od,ocncv and ox"xow,h\r,Zanballos
Sk:Hcy�'�hnaswoJeu*i/,d`/MicWnvxa^'`,vxo`7, bedrooms,"mot kore been uv/kveP/r,
295%and anbc*sdiov^mo'iQ sinVh'boi|v=phhwh;ods
ynmmu.Sworn'ly range bemWen$2V,0nom600'00oonV resale vn|ucs.'o"S,from to
$15o'00O/ep,n'/n`,"/.nl|uoouo'sue and age of the honn,. Typically uoycmo,, mvkivCAr
functional.n»ditwo:\floor plans with*vor^mdxinmvo=^qvnH3hcJmvtm Win,nmr
^odhop'fully nv.=than one hgh. Renovating exim":k`,ouo�,i,�dhomrsvns,/,e`
affordable hvvgvKnoUh,/wpmvncr-wzoisamsmma,rm that have Loon imp,ot(!d I;'ob^,dp'`"m
huwaaoOf�)rec|osoo,. Many o| lie krc!'do*Iouv`e`that GHx{ ho^.,qvipdx�mo^ul
pxyc/ vu Via:had cl:cadanfuefoneVmaintenance. m,hmaj scope rob^bx that nAHr
performs oo these i`mo,^onmmtkmUwy~.x^rapmu/,e^o'|.*o,w the ooiDxhvrkmx|fv,
o^c,�e �oovoe.
r�hvN..uuo^swnV^^8`u.y`x,m the upw*/rq|ao.mentofal*M:,r/0mnp|vs
pv,rE,y Star rated 4,v|*"u,n/^dadditional York osnc^dcJ*c/'mhoxewex,cti for m,/orrepair
b' omi*n'vo,5'vx^ryc:vd ;V of our rcoa6beukonxso^c'oo*vouJ6n|/oxviou the Nmoom*
Str*dunkUnxts»Nhn,co,/cuo /{rimoo`�a..ue!,;o" added
:iM`�kn:*:m*vx/rowcrh^ao�i^8r6ex�W,'omw"�e�u�,xpam\wv�U'ohom+`//,.^3
�yao Exisioly amo^oo`=c^rs toot!ban,bv.|n^hoAco^xd�nn|,!ondUom�ate repaired^vd
/phx.`»ov Kitchens and bnx,mrn are m°nu/eJmrr,a current,`pounmns too mb.^euand
,w1umer`ym,'»|mmom for v;v|/xonssv/hx'wiov^,,r`
First Wehno'uhNr* |nckUs«\i»�, 0nm),oanti/or Wirm«odembm4m,opakq ir.
' u`,,���,kowo��6Wnc\ �*n�ruo'qzm,yv`n�mi^'dom�6°nw��oue�oUfm�vcWar�
»;-h^h�""icn| ororif"^. Thu..'fyxnkvh,,aivVonhw(lie cnn/incsv/^d,or,,eoh*/go,�
1:,it fin Ume Wrehle,to Wynt in the hv/dng stock efdo,rord
n�;hho,|.00U`
SAPAPL[R[UAB82DHOMES
)vnv .xxmpluo[imn�i,'p^,hhcdbyGNKmdoo"(xybO�^vn:A after photo^nad`mem)�
° 1 62od«re14^o,v,k4m %xN
= 51651 H/en`v», u/ooU'loc"m^r'{';'�X
" 35*2 l'�,kxn
^ a3vxvxrU Ave H'wmo^^vWION
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2, Ap;).k-ont rriVsI ina7cote how they Moil I,i addres-,coinpl;once issu-s listed in 5�-rtioi) is
RI QI RFP ritled i:eq!vrer,,)enrs-
GfMIr his a IoNs trite iecord progyrain5 nnectit I,,,,Of!
cwwy lee WAr MalreMMmants Ahdwd M these pmgram% MAHWH continue to
compl,j with the uly,cOunLy, and federal reqWrements under MSP3 in the sawn manner as NSVI
and INS112. Througn nur pant riarlicipation in HVI&4 GMHC has di-velor-ed st-andard protucok to
that record W construction standards meet a1i tl,�c roquirerricoti listed ur,,dur
Soction C, Our pa,,t vcak%fth the My of UnjoHyn CoHn under NSPI B indicative of our aldhlytn
pica We renuuciventz.
3. App,*,,.o%,1"tis!S vec;fy a,,,i?f:/0,:YI i t. r,-,: ot"I onbet p,,O;Lt;delivery foes for
P!,,
,
A fee of dirt t• tal is bncf,.e---teJ for GNII lC's v;ork- in(!6,- of the
sots pike goes toward inrIoUng cnS".
4. OpIrIves t7Fnr,C;;st threc sing.t.,fan-Wy
nIUMOMI pnji-CL,f1pol"'ing 01 vi`QlOcr r0sls 170.11fers
We have indxled jab dt-tail iep(,rt%for to,au Owle farndy rphabiMatkir"cornoetud by GMFT in
be OW of BmdQn Center undin NSF I (AUadonen; 2L WKIi detail A jwooct cogs and fees
i.,�;Aated with the properties,
uperonce WCOMint for x�s�it,-ill vvork' oii 01-,
See ke attached itch Nuirip AvArntrd 4 Rn hoibil expedence and co"Unt Wnna%i for
;idi.fitiona:GNIHC NSP 0-roject",
f17(biltub.
Carolyn L Okof)
GO)339 SiO3
Eden 5ppricer
Project(anrdinator
OrIg
((i J 2)339.(601 x1
ATTACH IA E N'I 1
:S-AMPLE GMHC REHABS
52.1 62nd Ave N
r3efcrc _ tirear
31
. 5
A
1
i"
5651 Fremont dive N
Betorc Afty
All
r
i .
7
3542 Newton Ave N
Etrrwe kt:et
�cfi tS ef',
t
fr
i
x � t
3339 Russell Ave N
Aftar
Al i.... MK ..
3610 Girard Ave h
�+�ro•� Al:«
L I
r � L � • � AVM .�„
0 .
{ � r
I i s,Wr It
Al} I
PROMMA - Hoc Family Rchah I 10U.S11W,Corp
Prolic-rly Addit:,ss'. 4957- Branklyn Boide%ard Dale. 7,,20 12
Do c!ipiimr Bronklyn
ATM= NIP
Development costs.
L COWwown On; 96,I49
(1 00 of"astnic"n wo M) 0
Mark
4.Financineaild C;irr Ing,Coos (loull wo A 12 months)-
I SP44
a. hwincinv,Intowst Q yQyjyvww assts cx 3Aa.5 I 21909
t au 1 4081
1-10 lw—''.-(,I I
&RMOMg —-----
296
f On=Costs
A-
1940
1,1.17
j. Sccuritr Srslcm 1.591
I . Af%:l)ilVCtlLl SUUMS
L Sm •
111.11ollic V-,ilmll h, 01
w MCI
Daclojl,e..,Fct: ol din,clopinvia costs 1.2. 1,0
7 A!V)
iment Cosk(Total of 1-6) 207.4 12
B.- Sn1c I I—r
LNcl Income or(Micit)B minus A (1`1'.412)
comment"':
Pl'(lj(-cls'.NS-P 1-,Brr,Alyn Cunter.4957 BroOlyn Blvl,,Z{)57 BK,d llro.-ad f f mm Find xk
IT 0 F()k M
It-%till, AN(
I)vvellipink fit s
41
'02o
3y r
o.ricinio old C;li 1 1 Colt"
2�'2;1
nxu,
C tl I ns
01t,
03 i
It
::I I)ovx Po�llwnt A�sw��llck:
it
DO It'I I' I'« VI kIk:,,do i`l1,C o"f
Costs(Totill of 1.6)
Incoolk.of Mclicil) It nlilms A
-ol ,#
PROFORMA -Single Family Rehab Greater Metropolitan Housinl;Corp
Ilropeily Addrcas- 5651 Ftemont A\,cN;' gate: W20"12
Description: 195N,Rambler 211RI;l RA
Program: NSIII
Development COAS:
1,Comaructiol-I Costs 57,796
2�—C�011lin Incy(10%(it'coil s if liction cost I
3.Nlarkclng&,Realtor(M-,of sale price R) 6,901)
4. Finaticwn,imil Carrying Costs,(total 1-k-)for 12 moqIr
14,763
a.1:mmicing.Inivi7k-st(Yji,of developmetil coqO 2,4)21
1).Pro�Iyfaxes - -- —4.2,S3 --
c--.tnsuianrc 1,620
d Title&Rccordij,,-I
272
1.,O I
}g,Appraisals 0
ll,1-101twi 1.356
1. Prov,:IIN Nidliagellicilt 22(i4
Security Systrn; 1,602
k.Archil(MLL,11 SCfNICCS 0
L Survey 0
mAome W iv
arran%
n.0111cr
3, DcvclojlcI's Fcc(8'! of 1.2,3,.1,(1) 11.15=1
6.Acquisaimi-Cost 60-51,2[
.A.T(ital Development Costs(Tof al of 1-6) 151.196
B.Sale Price
,jf%j(".jCjjj LE,LxAlyrs Ccnivt'F/3-%A F-c,iiort Ave W%51 xl,,�
GREATFPMETROP01 ITAN HOUSING CORPORNHON
Staff Mcn-ibom
CaWyn E 01mm Ptusidutt
6 12-339.8/01111
w r kv on onrou wXytomp xvi Mvwgul.ent cr,riv:
;';kviomg, Icn(k.:(zil0p fo,-, and mUc.-H, r,,,f, G!.fliC 1ISUIts in
Omi "nwMady cAN"s mW Mown the %1"� I
400 imnW, ems appMai GM3 =54N w Muny 1012 •M is ravanNe far to •eW
maygemor of to coquawn. M ONT, back,,'jrot;1)d i5!n busiw�"" 0S '; i
caTmudy and (h velopmrw She nlirrenfly sr rues >n the hoard Y rjvictor5
FLid, -.vrd Trinity Apidmnnm MtOng CoqmwhaT he in Aso a monbur of a
immum of onct community dovdapniond mWed con Won In Wth0v W Mu" as
M10 T',p 4,1(irner, w, Fomwe as pmmmoct by rumn• e & Cumneme P1 jhl'
V,)vt�mO,2i)I 0,q-.*,'ards coranony hdd 1 1 Unneapoks
Ummy M Phzkx Pryqmn Mwugt:t
ory
Mq Who by bwn an cwplo�,ce fca Q--vulk Or-&m at
Wr•moms qlrchasE•,
1!?!c Co;ovlqulr"llt" C.�wr;'Ict5 fOf elf Lynil. ''q)rd:nallj of pr(jp,-•rty %"i;h
is y; aAw %Ws and Unu depmmms pnoNch Seds, pqmws InVo"M to phn now..
(w!d ImKow, imepaw
Ucn Spon(;tr,Project Coot dinator
I-12-12-S)'013ji X'16
f 1 Spen ci jtw)F!d 0 J.ine'2('XDt
powing w"l 0 cow"Mmun it Musly aid COMMM&Y Dewe"MWna CA me Muoy of
Hit IrInc.: lc�wtunung Wshooln Its Sp"cu WMA ful mot warwil
lie My of Mancapol; D"amnml 4 Commwlfly PlstwhD and Kwomic Dwoh"• n 1w ha '
chf::Ior of •".tK !11 Sludl("'s .rw GUYMOY but rd :7t wal
irlr.Iude porsks for pucvhis.f; -.vid
Glenda.'; 101aro. Dirt.-ctor of Finance
c1�-339-(i6i]f X12
QVI K;LOW ow, 19 "YOT 01 owny'"jv rv;JUAN 14no wMq valwivul: HdMog rix Ono Q
,lu'i;-,-Spuncur, Prnjcct As,:A!,taw,
x13
jspoiner(ignillchousin arg
his fps"wr joined in 20',11 nnd pmAks nnKtamo vAlh GMHTs Ymmis
fo,',:J,rare ncfju,-.:,i0Dn pio�jra'o Ms. Spni)(et's backgroind MAs wail Mh n non-piJi!
au.,Ll eccinoinic, developinert organiz.,livin as • G as the (IQ J INSMa as no nos MM city
plonner. S3 he holds no KLA in Man Planning tv,,fn tAinnesoli
S front Ccj1k*.qv.
PA A GlaigmPyncid �Irban
IMIliam k'V.Buelow, DircQtor of Cciinsb u-tion
G12-339-0601 x16
WwWwUg"whimminyorg
f/r, joined G0 K',iri 1999 with over 20 yeais of experiencn V residential oonowsmi,b6lh
now hWne huMmg and remodchng of all types ExWosive handz•Olt (if I
con.'!nwtlon Bilulo."i :) "'-ull rounded construction mrinclyer, vMh
ProWc-ols W1 Mc jA Me and 1,01)irlfj log"am"s Oak
Wtough the OAK min irigimiant 5 Plem. Sic Mndo;,.- provickn-: ronstrLIC6011 vianagenit:nl
';ervicc-. Gkil-ii_; '.I- to ninx W rdnb sTye My I-rcginilis' -is as !boss '7ervic'-'s t)
CC1410-1"' Cli,mnt&
Janct Lmiseng,Cunstroction Miinogor
6115853033 x11
Ong.org
ilauseng�Zli.,yinlichow
M& Livismigc-itied GIMiHIC: 7n 200�S f"; An accost,"!Ished project manager. Vav,n�i lf,
yn4s inowghg rummid ond calwomn vMeds beghn4i; Ivu pvrney in a
30AW kh Lama, veto a• n vo"Wr&i d"In Mmi as n qwim pkinwr wo cinom"low
cyngwacUop -,!' nwuj'c.- leaving .41 aspeds of ho"Mimiq Ms Yusung wyoy5
;W&M w-15"and 1.1bg Powile in we COTMIMO to bWWr AS hns IN imploving Wx nmrie,
Rubevt S,-,hlnut'.cr, C&nt;truction Minagor
(A 2ZB84015 x 11 i
emall
jwfled G"'Al!G it', th'� 511 of 2.0!,),! (vir Sch.,-1) Urn a
p!ofession.:iWA has w• m 20 yews of o•m"N• e in Ulu 60MUCArl held to. Wtomf began
his cour I his W01 cmad mW nyinFlod mi-tUddy bushoss,wbi• h proddind row deniial nV
ren,:;vationv and nu& Inou nonsixichm Mar 111 tvorz. in Iho "llody t--usinosy ni'd
Woniq his BNAWs W(,ton "i Business and FconDirncs, Mr. SWOMN ago 0 v"T An Pit!
lcj�- EneiL)Y and En-unwak Mae he qkvit 12 yams vakIng as a pnioct
c one nisshn SYM Wwoon PUTO Mws:
snooty. Ile noted as o WNW& Envy, Amfitor,,'InrpCnl.lor f:-li col-l-lownit-y Actiwl
Attaclunent VIII—NSP2 Flyer
Rome Buyer Assistance Available in Hennepin Count
Hennepin County's NSP2 Homebuyer Assistance Program provides fin sncislsssistsnce to income
qusldied households to ass istbuyers with the purchase of vacant,foreclosed properties in target
areas.Target aresssre specificceensustrscis locsted within the cities:Brooklyn Park,Brooklyn
Center,Champlin,Maple Grove,and RogersiHassen Township(see maps below).
Eligible Borrowers M 4. .. e y s
Ofilr9a Volcon of 'P!lt4A ETlftott Pelron al n 'F8f C11-°
Households storbelov 120%,:,;�•.
of the area median income 1 :ao�l:: 4UO: 62.I 0.X ss.�,_ e5 70,:x: 76.4:•: £a.ac E6.'rJ3J
(ALAI)established by HUD. ; 70600 }O.M T30,800 100.7033 103,760 11®,FAO 124.$60 132,600
:JrIETIt __... -°-----
Bo�roiv?rs miisfquslr�yfo+sn�ligibl?firsf i»ar}gs,3e.8orrawevscsnnof iisv�e an oi�n?�s}iipirifF{es�in`
another ro22- in the Twin Cities 13--trosres at the time the
ysian s purchs sgreerrtierlt
Eligible Properties and Eligible PrimaryFinancirx�
*Single femilyhousing(detsched,tatvnhomes,condos)tobe occupied as 9 principsl pl9ce ofresidence
located within sn eligibleoensus trsct and
•Vscsnt snd foreclosed(Lender CAvned):and
•Property must be in good cond ition,NSP2 funds c9nnotbe used for reh9 b:and
•Purchss_price at or below S200,000(80%AMI house holds)orS27b,683(120%AtAl hour=•holds).
•Prima ry finsncing must be s prim?,fbced rstefirst mortgsg-2 loan.
The Loam(Assistance and Terms
*The"Incentive"sssistsroefor households upto1209 of the AlA lisS10,000.Householdsstorbelow
80%of Ahil,may qusldyfor"Affordability"assistance of upto sn sddfionsl S20,000.
*The 9ssistsnce will be in theform ofs foraivsble,deferre:i(no monthly psyments),0%interestlosnwith s
to rm of five o r ten years depending upon howmuch assistance is received.
---- _- --------•----------------------•-------------— �---------------------------------- ----------
i BV'l V,COW A$P2 Cet►:l ruui i nto!nc•.M:s•,,.•an T.�i. I Urr Ttt-:Cwale,cn i
�',(�•'_1, 1 :fll�l� (' �1 � C r.• � •`^.�- � �
)) •:� Aj�� t
= .• ,
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Call 612-•54 -0046 orvisit www.hentlepin.us/lIba fol-11101-einfol-Illation,