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DRAFT #1 <br /> EXHIBIT C <br /> to <br /> PURCHASE AND REDEVELOPMENT AGREEMENT <br /> HOUSING DEVELOPMENT AND SITE CRITERIA <br /> The Mounds View Economic Development Authority(EDA) established the Housing <br /> Replacement Program to reduce the social costs of blight and increase the tax base. The <br /> purpose of the program is to replace deteriorating lower value housing on scattered sites <br /> throughout the City with larger, higher value housing designed for families. To accomplish <br /> this goal, the EDA purchases substandard homes, demolishes the home and sells the lot to a <br /> prospective buyers for redevelopment. This will assist in eliminating the blighting influence <br /> of substandard housing and increasing the availability of quality housing for families. <br /> 1. General <br /> a. The developer must be a licensed contractor. All sub-contractors must also <br /> be licensed. <br /> b. The developer must enter into a Contract for Private Development with the <br /> EDA which will specify design, set site criteria and establish value based <br /> upon new home 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 <br /> Contract for Private Development is executed. An extension may be granted <br /> with the 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 <br /> or Architectural Designer with a minimum two year technical degree. <br /> Housing design is a critical concern. <br /> b. A minimum of three bedrooms is required. <br /> c. Two full bathrooms are preferred. A home design with 11/2 baths will be <br /> considered. <br /> S Page I <br /> SJR133725 D <br /> MU205-9 B-7 <br />