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05-19-99 13:51 From-KENNEDY & GRAVEN +6123379310 T-B06 P.23/31 F-170 <br /> EXHIBIT C <br /> to <br /> PURCHASE AND REDEVELOPMENT AGREEMENT <br /> HOUSING DEVELOPMENT AND SITE CRITERIA <br /> [Insert Housing Development and Site Criteria} <br /> The Mounds View Economic Development Authority(EDA)established the Housing Replacement <br /> Program to reduce the social costs of blight and increase the tax base. The purpose of the program <br /> is to replace deteriorating lower value housing on scattered sites throughout the City with larger, <br /> higher value housing designed for families. To accomplish this goal,the EDA purchases <br /> substandard homes,demolishes the home and sells the lot to a prospective buyer for redevelopment. <br /> This will assist in eliminating the blighting influence of substandard housing and increasing the <br /> availability of quality housing for families. <br /> 1. General <br /> a. The developer must be a licensed contractor. All sub-contractors must also be <br /> licensed. <br /> b. The developer must enter into a Contract for Private Development with the EDA, <br /> which will specify design,set site criteria and establish value based upon new home <br /> construction in the surrounding area. <br /> c. Home design must comply with all federal,state and local building codes. <br /> d. The house must be able to be built within six (6) months from the time the Contract <br /> for Private Development is executed. An extension may be granted with the <br /> permission of the EDA. <br /> e. Each home must be single-family owner occupied. <br /> 2. Building Standards <br /> a. All building plans must have been prepared in consultation with an Architect or <br /> Architectural Designer with a minimum two-year technical degree. Housing design <br /> is a critical concern. <br /> b. A minimum of three bedrooms is required. <br /> c. A minimum of two full baths is required. <br /> d. A three car attached garage is required. <br /> e. Exterior materials (siding, doors and windows) should be low maintenance. <br /> C-1 <br />