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IP #1088 purchase agreement1 RESTRICTIVE COVENANTS THESE RESTRICTIVE COVENANTS (“Agreement”) dated effective the ___ day of December, 2023, by and between the City of New Hope, a Minnesota municipal corporation (“City”) and GREAT BUY HOMES, INC., a Minnesota corporation (“Great Buy”). RECITALS WHEREAS, pursuant to that certain Purchase and Redevelopment Agreement between the City and Great Buy dated effective August ___, 2023 (“Purchase Agreement”), Great Buy purchased the real property located at 5802 Boone Avenue North in the City of New Hope from the Economic Development Authority in and for the City of New Hope, a public body corporate and politic created pursuant to the laws of the State of Minnesota (“EDA ”), which property is legally described on the attached Exhibit A (“Property”) which purchase closed on December ___, 2023; and WHEREAS, Great Buy has committed to constructing a new residential home on the Property pursuant to the terms of the Purchase Agreement; and WHEREAS, the City and Great Buy have agreed Great Buy shall complete the construction of the home as described in the Purchase Agreement within one (1) year of the date of closing on the purchase of the Property; and WHEREAS, the City and Great Buy have agreed the City may levy a $20,000.00 assessment against the Property prior to Great Buy’s sale of the Property with the completed home if it is not being sold to an owner-occupant. Further, said assessment may be certified to Hennepin County for collection with real estate taxes payable in a single installment; and WHEREAS, compliance with the restrictions imposed by this Agreement is an additional consideration for the sale of the Property to Great Buy. 2 NOW THEREFORE, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, Great Buy agrees as follows: AGREEMENT 1. Restrictive Covenants Great Buy hereby covenants and agrees with the City that the Property is restricted by the following covenants: a) The initial conveyance of the residential dwelling (“Dwelling”) constructed upon the Property will be only to “Owner-occupant(s)”. “Owner-occupant” is defined as an individual that purchases the Property from Great Buy with a bona fide intent to reside in the Dwelling as a primary residence; and b) The Dwelling constructed on the Property shall be occupied only by the Owner- occupant, and/or by the “Immediate Family Member(s)” of the Owner-occupant for a period of two (2) consecutive years commencing on the date of initial conveyance to an Owner-occupant. “Immediate Family Member” shall only mean a parent, step-parent, child, step-child, grandparent, grandchild, brother, sister, uncle, aunt, nephew or niece. Relationship may be by blood or marriage. 2. Release of Restrictions The Property will be released from the restrictions imposed by this Agreement as follows: a) Upon the issuance of a Certificate of Occupancy for a Dwelling constructed upon the Property and receipt by the City of an Affidavit signed by Great Buy and the Owner-occupant verifying the Owner-occupant’s intent to occupy the Dwelling as a primary residence the Property shall be released from the restriction stated in paragraph 1(a) above. b) The Property shall be released from the restriction of paragraph 1(b) above on the two (2) year anniversary of the date the Property was conveyed in compliance with paragraph 1(a). 3. Waiver by City Notwithstanding the restrictions stated above, the City may waive the restrictions stated above upon a finding of hardship or other extenuating circumstances sufficient to justify the waiver in its sole discretion. 4. Agreement to Assessment Great Buy acknowledges and agrees the City may levy a $20,000.00 assessment against the Property if: (a) the Property is not improved with a single family house on or before December ___, 2024; and/or (b) if Great Buy sells the Property with the completed home to a non-owner-occupant in violation of paragraph 1(a) above. Further, Great Buy agrees the assessment provided by this paragraph may be certified to Hennepin County as a special assessment and collected with the real estate taxes against the Property in a single installment. 5. Waiver by Great Buy Great Buy expressly waives objection to any irregularity with regard to any assessment levied against the Property per this Agreement or any claim that 3 the amount thereof levied against the Property is excessive, together with all rights to appeal the assessment in the courts. 6. Additional Remedies It is further understood that if Great Buy or an Owner-occupant should breach their respective obligations under this Agreement, the City will suffer irrevocable harm from which a recovery of money damages would be an inadequate remedy. It is therefore agreed that the City shall be entitled, as a matter of right, in any Court of competent jurisdiction to a mandatory injunction restraining and enjoining pending litigation, as well as upon final determination thereof, from attempting to violate or violating this Agreement. It is further agreed that the City’s rights to such injunctive relief shall be cumulative with and in addition to any other rights, remedies or actions which the City may have. 7. Great Buy’s Successors This Agreement shall not be terminated by: a) Voluntary dissolution of Great Buy or any parent, subsidiary or successor of Great Buy; b) Merger whereby Great Buy (or such parent, subsidiary or successor of Great Buy) is not the surviving or resulting entity; or c) Any transfer of all or substantially all of the assets of Great Buy. In the event of any such merger or consolidation or transfer of assets, the provisions of this Agreement shall inure to the benefit of and shall be binding upon the surviving or resulting entity to which such assets shall be transferred. 8. Running of Benefits and Burdens All provisions of this Agreement, including the benefits and burdens run with the land and are binding upon and shall inure to the benefit of the assigns and successors of the parties to this Agreement, such that the provisions of this Agreement shall restrict the Property, and subdivision thereof, notwithstanding any sale or transfer of the Property or any subdivision thereof to a third party. 9. Notices Any notice to be given by a party to this Agreement shall be personally delivered, sent by registered or certified mail, sent by confirmed electronic transmission, or sent by a nationally recognized overnight courier that issues a receipt to the address set forth for the other party in this section (or to such other address as may be designated by notice to the other parties), and shall be deemed given upon the earlier of personal delivery, the date postmarked, confirmation of electronic transmission, delivery to such courier or the refusal to accept such service. If to the City: City of New Hope Attn: Reece Bertholf 4401 Xylon Avenue North New Hope, MN 55428 rbertholf@newhopemn.gov 4 If to Great Buy: GREAT BUY HOMES, INC. Attn: Glenn Hammer 5790 195th Avenue NW Anoka, MN 55303 10. Governing Law All matters relating to the interpretation, construction, validity and enforcement of this Agreement shall be governed by the internal laws of the State of Minnesota. 11. Cumulative Rights Each and all of the various rights, power and remedies of the City in this Agreement shall be considered as cumulative with and in addition to any other rights, powers, or remedies of City, and no one of them is exclusive to the others, or is exclusive to any other rights, powers and remedies allowed by law. The exercise or partial exercise of any right, power or remedy shall neither constitute the election thereof, nor the waiver of any other power or remedy. 12. Amendment This Agreement may be modified or amended only by a written instrument executed by Great Buy and the City. 13. Counterpart Signatures This Agreement may be signed in counterpart, with each copy of the Agreement binding upon the signing party at the time of signing and together which shall constitute a single document. IN AGREEMENT, the parties have executed these Restrictive Covenants effective the day and year first above-written. 5 City of New Hope By: _______________________________ Reece Bertholf Its: City Manager Dated: December ___, 2023 GREAT BUY HOMES, INC. By: _______________________________ Glenn Hammer Its: President Dated: December ___, 2023 STATE OF MINNESOTA COUNTY OF HENNEPIN }ss. The foregoing instrument was acknowledged before me this ___ day of December, 2023, by Reece Bertholf, the City Manager of the City of New Hope, a Minnesota municipal corporation, on behalf of said municipal corporation. (Notary Public Seal) _______________________________________ Notary Public STATE OF MINNESOTA } ss. COUNTY OF ___________ The foregoing instrument was acknowledged before me this ___ day of December, 2023, by Glenn Hammer, the President of GREAT BUY HOMES, INC., a Minnesota corporation, on behalf of said corporation. (Notary Public Seal) ______________________________________ Notary Public Drafted By: JENSEN SONDRALL PERSELLIN & WOODS, P.A. 8525 Edinbrook Crossing, Suite 201 Brooklyn Park, MN 55443 (763) 424-8811 6 Exhibit A Legal Description That part of Lot 1, lying South of the following described line: Commencing at a point on the Westerly line of said Lot 1, distant 219.75 feet Northeasterly from the Southwest corner of said Lot 1, thence Easterly to a point on the East line of said Lot 1, distant 246.23 feet North of the Southeast corner of said Lot 1, and there terminating, except that part of said Lot lying South of a line drawn parallel to the Southerly line of said lot from a point on the Westerly line of said lot distant 125 feet Northerly of the Southwesterly corner of said lot and extending Easterly to the Easterly line of said Lot, Block 2, Meadow Lake Terrace, Hennepin County, Minnesota (the “Property”). Registered Torrens Property: Certificate of Title No. 1560532 P:\Attorney\SAS\1 Client Files\2 City of New Hope\99-11446 5802 Boone Ave N\Restrictive Covenant.docx 1 ASSESSMENT AGREEMENT THIS ASSESSMENT AGREEMENT (“Agreement”) dated effective as of the ____ day of December, 2023, by and between the City of New Hope, a Minnesota municipal corporation (“City”) and GREAT BUY HOMES, INC., a Minnesota corporation (“Great Buy”). RECITALS WHEREAS, pursuant to that certain Purchase and Redevelopment Agreement between City and Great Buy dated effective August __, 2023 (“Purchase Agreement”) Great Buy purchased the real property located at 5802 Boone Avenue North in the City of New Hope from the Economic Development Authority in and for the City of New Hope, a public body corporate and politic created pursuant to the laws of the State of Minnesota (“EDA”), which property is legally described on the attached Exhibit A (“Property”) which purchase closed on December ___, 2023; and WHEREAS, Great Buy has committed to constructing a new residential home on the Property pursuant to the terms of the Purchase Agreement; and WHEREAS, the City and Great Buy have agreed Great Buy shall complete the construction of the home as described in the Purchase Agreement within one (1) year of the date of closing on the purchase of the Property; and WHEREAS, the City and Great Buy have further agreed the City may levy a $20,000.00 assessment against the Property prior to Great Buy’s sale of the Property with the completed home if it is not being sold to an owner-occupant to be owned and occupied by the owner-occupant for at least two (2) years. Further, said assessment may be certified to Hennepin County for collection with real estate taxes payable in a single installment. AGREEMENT 1. Completion of Project Great Buy hereby covenants and agrees with the City that the new home on the Property shall be fully completed on or before December ___, 2024. Fully completed shall mean the Property shall be improved with a new single-family house. 2 2. Agreement to Assessment Great Buy acknowledges and agrees the City may levy a $20,000.00 assessment against the Property if: (a) the Property is not improved with a single-family house on or before December___, 2024; (b) if Great Buy sells the Property with the completed home to a non-owner-occupant; and/or (c) if the Property is leased to a non-owner-occupant in the first two (2) years after initial conveyance. Further, Great Buy agrees the assessment provided by this paragraph may be certified to Hennepin County as a special assessment and collected with the real estate taxes against the Property in a single installment. 3. Waiver by Great Buy Great Buy expressly waives objection to any irregularity with regard to any assessment levied against the Property per this Agreement or any claim that the amount thereof levied against the Property is excessive, together with all rights to appeal the assessment in the courts. 4. Great Buy’s Successors This Agreement shall not be terminated by: a) The voluntary dissolution of Great Buy or any parent, subsidiary or successor of Great Buy; b) Merger whereby Great Buy (or such parent, subsidiary or successor of Great Buy) is not the surviving or resulting entity; or c) Any transfer of all or substantially all of the assets of Great Buy. In the event of any such merger or consolidation or transfer of assets, the provisions of this Agreement shall be binding upon the surviving or resulting entity to which such assets shall be transferred. 5. Running of Benefits and Burdens All provisions of this Agreement, including the benefits and burdens run with the land and are binding upon and shall inure to the benefit of the assigns and successors of the parties to this Agreement, such that the provisions of this Agreement shall restrict the Property, and subdivision thereof, notwithstanding any sale or transfer of the Property or any subdivision thereof to a third party. 6. Notices Any notice to be given by a party to this Agreement shall be personally delivered, sent by registered or certified mail, sent by confirmed electronic transmission, or sent by a nationally recognized overnight courier that issues a receipt to the address set forth for the other party in this section (or to such other address as may be designated by notice to the other parties), and shall be deemed given upon the earlier of personal delivery, the date postmarked, confirmation of electronic transmission, delivery to such courier or the refusal to accept such service. If to the City: City of New Hope Attn: Reece Bertholf 4401 Xylon Avenue North New Hope, MN 55428 rbertholf@newhopemn.gov 3 If to Great Buy: GREAT BUY HOMES, INC. Attn: Glenn Hammer 5790 195th Ave. NW Anoka, MN 55303 7. Governing Law All matters relating to the interpretation, construction, validity and enforcement of this Agreement shall be governed by the internal laws of the State of Minnesota. 8. Cumulative Rights Each and all of the various rights, power and remedies of the City in this Agreement shall be considered as cumulative with and in addition to any other rights, powers, or remedies of the City, and no one of them is exclusive to the others, or is exclusive to any other rights, powers and remedies allowed by law. The exercise or partial exercise of any right, power or remedy shall neither constitute the election thereof, nor the waiver of any other power or remedy. 9. Amendment This Agreement may be modified or amended only by a written instrument executed by Great Buy and the City. 10. Counterpart Signatures This Agreement may be signed in counterpart, with each copy of the Agreement binding upon the signing party at the time of signing and together which shall constitute a single document. IN AGREEMENT, the parties have executed this Assessment Agreement effective the day and year first above-written. EXECUTION AND NOTARY PAGE FOLLOWS 4 City of New Hope By: _______________________________ Reece Bertholf Its: City Manager Dated: December ___, 2023 GREAT BUY HOMES, INC. By: _______________________________ Glenn Hammer Its: President Dated: December ___, 2023 STATE OF MINNESOTA COUNTY OF HENNEPIN }ss. The foregoing instrument was acknowledged before me this ___ day of December, 2023, by Reece Bertholf, the City Manager of the City of New Hope, a Minnesota municipal corporation, on behalf of said municipal corporation. (Notary Public Seal) _______________________________________ Notary Public STATE OF MINNESOTA } ss. COUNTY OF ______________ The foregoing instrument was acknowledged before me this ____ day of December, 2023, by Glenn Hammer, the President of GREAT BUY HOMES, INC., a Minnesota corporation, on behalf of said corporation. (Notary Public Seal) ______________________________________ Notary Public Drafted By: JENSEN SONDRALL PERSELLIN & WOODS, P.A. 8525 Edinbrook Crossing, Suite 201 Brooklyn Park, MN 55443 (763) 424-8811 P:\Attorney\SAS\1 Client Files\2 City of New Hope\99-11446 5802 Boone Ave N\Assessment Agreement.docx 5 Exhibit A Legal Description That part of Lot 1, lying South of the following described line: Commencing at a point on the Westerly line of said Lot 1, distant 219.75 feet Northeasterly from the Southwest corner of said Lot 1, thence Easterly to a point on the East line of said Lot 1, distant 246.23 feet North of the Southeast corner of said Lot 1, and there terminating, except that part of said Lot lying South of a line drawn parallel to the Southerly line of said lot from a point on the Westerly line of said lot distant 125 feet Northerly of the Southwesterly corner of said lot and extending Easterly to the Easterly line of said Lot, Block 2, Meadow Lake Terrace, Hennepin County, Minnesota (the “Property”). Registered Torrens Property: Certificate of Title No. 1560532 City of New Hope, Minnesota Request For Proposals – 5802 Boone Avenue North Date: July 25, 2023 From: The Economic Development Authority (EDA) in and for the city of New Hope Subject: Request for proposals for construction of new single-family home at 5802 Boone Avenue North. Overview: The city of New Hope EDA owns the property located at 5802 Boone Avenue North, New Hope, MN 55428 (PID 06-118-21-42-0028). The EDA is requesting proposals from builders to purchase the vacant lot for the construction of a new single-family home. The lot is being offered as part of the city’s scattered site housing program, which focuses on the removal and rehabilitation of distressed properties. The site was previously occupied by a home that was razed by the EDA. Enclosed, please find the Proposal Form and specifications for submitting a proposal. Minimum Lot Price: This lot is being offered at a minimum base price of $70,000. The EDA will consider higher offers for the lot; however, submitting a higher offer does not guarantee selection of a proposal. Submission: Interested bidders must submit enclosed Proposal Form by mail, e-mail, or in person. All documents submitted will be made available to the public and presented at an EDA meeting. Proposals shall be submitted to Jeff Alger, Community Development Specialist. City of New Hope Community Development Department Attention: Jeff Alger 4401 Xylon Avenue North New Hope, MN 55428 jalger@newhopemn.gov Deadline: Proposals must be submitted using the enclosed bid form and received no later than August 16, 2023, at 1:00 p.m. City staff will review the submitted proposals and make a recommendation to the EDA. It is anticipated that the EDA will make a selection at the August 28, 2023, meeting. Construction of the new home must be completed in full no later than one (1) year after the closing on the purchase of the lot. City of New Hope, Minnesota Proposal Form Property Owner: City of New Hope Economic Development Authority (EDA) Property Address: 5802 Boone Avenue North, New Hope, MN 55428 Property Identification Number: 06-118-21-42-0028 Minimum Lot Price: This lot is being offered at a minimum base price of $70,000. The EDA will consider higher offers for the lot; however, submitting a higher offer does not guarantee selection of a proposal. This proposal is not a purchase agreement or other binding contract. At this time, the builder is submitting a proposal to purchase this lot for $____________________ ($70,000 minimum) and build a new single-family home in accordance with the RFP guidelines. If a builder’s proposal is accepted by the EDA, the builder will be asked to enter into a purchase and development agreement and provide $2,000 earnest money for the lot. Only after such an agreement is signed would a binding contract exist between the EDA and the builder. Company Name: _______________________________________________________________ License Number: ________________________________________________________________ Address: ___________________________________ ___________________________________ Telephone: ______________________________________________________________________ Email: ____________________________________________________________________________ Name & Title: ____________________________________________________________________ Signature: ______________________________________ Date: ____________________ City of New Hope, Minnesota General Notes 1. Only complete proposals will be considered. The city retains absolute discretion in deciding whether or not to accept any particular proposal. 2. State licensed builders who have built at least three (3) homes in Minnesota in the last five (5) years, or have equivalent experience acceptable to the city, are eligible to submit proposals. The home may be speculative or for specific buyers. 3. The city is interested in proposals that will generate the highest valued, owner occupied, single-family home. Owner occupancy restrictions will be documented in the development agreement and secured with a restrictive covenant recorded against the property. The occupancy requirement only applies to the first buyer and lasts for a period of two (2) years. A full legal description relating to this requirement is available upon request. 4. A two-story or rambler design is preferred for the lot as these types of homes have commanded the highest prices when compared to other home styles such as split entry. Preference will be given to proposals with the most finished square footage that include high quality exterior materials and upgraded interior amenities. Previously approved plans are available upon request. 5. After proposals have been received, city staff will review and recommend a preferred builder/design at the next regularly scheduled EDA meeting. Within one (1) week of approval by the EDA, the selected builder will enter into a purchase and development agreement that will address the sale of the lot and secure all applicable development and performance standards outlined in the proposal guidelines. At the time of this agreement, the builder will be required to submit a $2,000 nonrefundable earnest money deposit. Closing on the purchase of the lot must take place within 60 days of final EDA approval. The buyer will be responsible for paying the following costs associated with the purchase: • Preparation and issuance of the title commitment. • The cost of the owner’s policy or lender’s policy of title insurance (if any), sales tax (if any) resulting from the closing, the fees required for recording the deed, the purchase and redevelopment agreement, the assessment agreement and restrictive covenants, and all customary closing fees charged by the title company or other closing agent, if any, utilized to close the transaction contemplated by this agreement (paid at closing). 6. Construction of the new home must be completed within one (1) year of closing on the purchase of the lot. City of New Hope, Minnesota Specifications 1. Utilities a. All utility service lines shall be underground. Utilities may install necessary facilities such as pedestals or boxes in the street right-of-way or utility and drainage easements. b. The builder shall be responsible for any expenses associated with connecting the home to private utilities. c. The lot was previously serviced with power that crossed Boone Avenue North. That power line and pole have been removed by Xcel Energy and a new line must be installed to supply power to the future home. Per Xcel Energy, the service installation route will be from the power pole at the northeast corner of Bass Lake Road and Boone avenues. The meter box for the home must be located on the west side of the house/garage to reduce the installation distance, minimize voltage drop, ensure a reliable power supply, and reduce install costs to the builder. The installation will cost roughly $5,000, with the exact amount based on distance measurements taken during installation. A narrow easement from 5800 Boone Avenue North will be necessary, as Xcel Energy will install the buried line on the east side of the sidewalk and the right-of-way is not wide enough. The contract for this easement will be drawn up by Xcel Energy and the builder will be responsible for getting the resident to sign it. City staff can assist with facilitating this process. The easement will be small, near the street, and Xcel Energy’s boring machine will not cause significant damage or disruption to the owner’s yard. The builder shall be responsible for expenses associated with running the new line and obtaining the easement. The minimum lot price has been adjusted to reflect this expense. Contact Evan Fuller with Xcel Energy (612-216-8010, evan.j.fuller@xcelenergy.com) for more information. d. Municipal water is available into the lot on the west side of the property (Boone Avenue North) and the location of the service is marked onsite. A new curb stop box was installed in July of 2023. e. Municipal sanitary sewer will be available into the lot on the north side of the property (Boone Place) and the location of the service will be marked onsite. The EDA will be coordinating installation of a new six (6) inch line as shown in the attached diagram. Installation is scheduled for August. The line that serviced the previous home came off Boone Avenue North and has been capped. City of New Hope, Minnesota Specifications (continued) 2. Building Standards and Design Guidelines a. All site improvements shall comply with the New Hope City Code. b. The front of the home and garage shall face north, Boone Place. c. The home shall have at least three (3) finished bedrooms, two (2) finished bathrooms, and an attached garage that will accommodate a minimum of two (2) vehicles. Three (3) stall garages are preferred. d. The design should emphasize the front door as the focal point for the front of the home. A large and usable front porch is desired. Garage door dominance in the design should be minimized as much as possible. Front door and garage door designs with windows are preferred. e. If an above-grade patio door is included, the inclusion of a deck is preferred. f. Equipment such as air-conditioning cooling structures or condensers that generate noise shall not be located within the front yard, side yard setback, or drainage and utility easement. g. Plans should present a balanced and pleasing distribution of wall and window areas from all views. Blank walls are not permitted. To the extent that southern exposures are present, home designs are expected to enhance wintertime natural light and passive solar heating. h. Exterior materials (siding, soffit, doors, and windows) shall be low maintenance. The use of brick or stone accents and incorporation of address numbers into the brick or stone is preferred. Vinyl or other low maintenance siding materials are generally acceptable and can be made more desirable with the use of shakes, fish scales, board and batten, or other styles to break up the pattern. City of New Hope, Minnesota Specifications (continued) i. The driveway for the new home must be completely new and fully paved from the street to the garage. Driveways are not allowed within three (3) feet of any property line abutting another property and may not be placed above sewer lines or curb stop boxes. The curb cut/driveway access shall be located at least 40 feet east of the northwest corner of the property. The maximum driveway/curb cut width at the property line is 24 feet for a two-car garage and 28 feet for a three-car garage. The existing curb cut along Boone Avenue North shall be replaced with new curbing and the driveway apron shall be removed. New curb cuts and curbing must meet City Code requirements and must be approved by the Public Works Department. Builder shall be responsible for removing and patching existing bituminous roadway (18” minimum) in areas adjacent to where curbing and/or gutter are impacted. See the attached specifications for the replacement of curbing and driveway installation (STR-10A and STR-30). Contact the Public Works Department to inspect curbing forms before pouring the curb. 3. Landscaping a. The lot shall be landscaped to be aesthetically pleasing in all seasons. Landforms and plant materials shall be used to define the site and blend neatly with adjoining properties. The lot area remaining after providing for off-street parking, sidewalks, driveways, buildings, and other requirements shall be landscaped using ornamental grass, shrubs, trees, or other acceptable vegetation or treatment generally used in landscaping. The use of grass seed or hydro-seed is not acceptable for restoration of disturbed areas. All grass that is planted must be sod. Additionally, all lawn areas must be irrigated with underground irrigation systems. b. A minimum of two (2) large-species deciduous shade tree shall be planted on the lot. Trees must be a minimum of two (2) inches in diameter. A list of prohibited trees is attached. c. Foundation plantings with landscaping rock or wood chips and edging around the foundation of the home are preferred. City of New Hope, Minnesota Specifications (continued) 4. Setbacks While the City Code requires a setback to the north of at least 20 feet, it is requested that the new home be placed 25 feet south of the north property line to align with the existing homes to the east. Front Yard (west) Rear Yard (east) Interior Side Yard (south) Side Yard Abutting Street (north) 30’ Garage = 10’ Home = 25’ Home = 10’ 20’ Requesting 25’ 5. Builder Selection Criteria a. Builder must be licensed as a Residential Building Contractor in Minnesota. b. Builder shall provide the addresses of three (3) homes they have built in Minnesota within the last five (5) years, or evidence of qualification acceptable to the EDA. c. Builder must be capable of completing the home within one (1) year of closing on the purchase of the lot. d. Builder must be licensed as a Residential Building Contractor in Minnesota. e. Builder shall provide the addresses of three (3) homes they have built in Minnesota within the last five (5) years, or evidence of qualifications acceptable to the EDA. f. Builder must be capable of completing the home within one (1) year of closing on the purchase of the lot. City of New Hope, Minnesota Specifications (continued) 6. Required Attachments by Builder • Upgrade checklist (attached). • Site plan showing the layout of the home on the lot. Include dimensions and setbacks. • Floor plans with dimensions. Clearly indicate square footages of each floor. • List overall square footage. • List total finished square footage. • Elevations specifying types of exterior materials (color elevations preferred). • Description of interior trim package, including flooring. • Estimated sale price of the home. • Pictures of similar homes (if available). Attachments • Recent home sales • Previous scattered site projects • Upgrade checklist • Location map • Sample lot layout • Sewer connection specifications • Driveway and curbing specifications (STR-10A and STR-30) • Prohibited tree list City of New Hope, Minnesota Recent Home Sales The following homes in New Hope sold for $450,000 or more since June 1, 2021. Address Price Date Finished SF Beds Baths Year Built 8809 35th Ave N $655,000 9/2021 3,065 4 4 2006 8800 35th Ave N $640,000 4/2022 3,047 4 4 2016 5213 Pennsylvania Ave N $575,000 8/2022 3,102 5 4 2022 8057 55th Ln N $555,000 9/2021 3,307 5 4 2016 8045 55th Ln N $550,000 10/2021 3,787 5 4 2016 5507 Wisconsin Ave N $540,000 8/2021 3,501 4 4 2016 7328 51st Ave N $531,217 1/2022 2,434 3 3 2021 8028 55th Ln N $530,000 9/2021 2,695 4 3 2016 3400 Ensign Ave N $515,000 10/2022 2,471 5 3 2013 8111 60th Ave N $500,000 5/2022 3,442 6 4 1966 8608 36 1/2 Cir N $496,000 5/2023 1,890 3 4 1969 7202 51st Ave N $490,000 6/2022 2,306 3 3 2021 7319 51st Ave N $479,900 12/2021 2,339 3 3 2021 5431 Virginia Ave N $476,000 6/2022 2,432 4 3 2015 8710 60th Ave N $473,500 6/2022 2,711 4 2 1961 5510 Virginia Ave N $465,000 8/2022 2,778 4 4 2017 4024 Ensign Ave N $462,000 6/2023 2,159 4 2 1966 9101 36th Ave N $460,000 10/2021 3,564 3 4 2004 4637 Aquila Ave N $460,000 7/2022 2,537 5 3 2022 3517 Decatur Ct N $456,000 10/2021 2,269 4 4 1995 4301 Flag Ave N $465,000 3/2022 2,832 5 3 1978 7116 51st Ave N $451,557 12/2021 2,354 3 3 2021 8908 40th Ave N $451,000 4/2023 2,348 3 2 1966 8401 Meadow Lake Rd N $450,000 5/2022 1,948 3 2 1966 City of New Hope, Minnesota Previous Scattered Site Projects The following are the homes built through the city’s scattered site housing program with the highest sale prices. Address Price Date Finished SF Bed/Bath Builder 5213 Pennsylvania Avenue North $575,000 8/2022 3,102 5/4 Donnay Homes 5431 Virginia Avenue North $476,000 $245,000 6/2022 11/2015 2,432 4/3 Novak-Fleck 4637 Aquila Avenue North $460,000 7/2022 2,537 5/3 Great Buy Homes 7215 62nd Avenue North $435,000 $350,821 10/2022 6/2019 2,284 4/3 Great Buy Homes 4215 Louisiana Avenue North $430,650 7/2021 2,537 5/3 Great Buy Homes 5355 Oregon Avenue North $430,000 $389,921 11/2022 11/2020 2,327 5/3 Great Buy Homes 3856 Maryland Avenue North $413,921 10/2019 3,102 5/4 Donnay Homes 4417 Nevada Avenue North $410,000 $363,869 11/2020 5/2017 2,329 4/3 Regal Homes 5201 Oregon Avenue North $408,320 4/2020 2,805 4/4 Novak-Fleck 5353 Oregon Avenue North $385,750 3/2021 2,648 5/3 Great Buy Homes 5306 Rhode Island Avenue North List price $579,360 2,259 4/3 Fieldstone Family Homes City of New Hope, Minnesota Upgrade Checklist Please indicate which of the following upgrades are included as part of your proposal. Bathrooms  Double sink  Granite/quartz countertops  Soaking tub  Tiled baths/showers  Tiled floor Bedrooms  Ceiling fans  Master bathroom  Tray/inverted ceiling  Walk-in closet Exterior  Address numbers built into façade  Brick or stone façade/accents  Concrete driveway  Deck  Decorative shutters  Finished garage  Front porch  Front door with sidelights  Front door with windows  Garage door made of wood/wood composite  Garage door with windows  Gutters  Landscaping/plantings other than required trees  Landscaping rock or wood chips and edging around foundation  Patio  Recessed lighting  Stone pillars  Underground irrigation system (required) General  Finished basement  Finished laundry room  Fireplace  Heated floors  Home office (room not classified as bedroom)  Recessed lighting (interior)  Smooth or knock-down ceilings  Solid core interior doors  Solid wood interior molding/trim  Three-stall garage  Vaulted ceilings  Wood flooring Kitchen  Backsplash/tile on walls  Center island  Custom cabinets  Granite/quartz countertops  Stainless steel appliances Other  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________  ___________________________________________________________________________________ 5802 Boone Ave N R-1, Single-family residential 137.89’137.89’ 132’132’ ≈ 1 2 3 ’ ≈ 1 2 3 ’ 9 4 ’ 9 4 ’ Buildable Buildable AreaArea Potential Potential Home & GarageHome & Garage P o t e n t i a l P o t e n t i a l D r i v e w a y D r i v e w a y Requested Requested setbacksetback 5802 Boone Ave N R-1, Single-family residential 58025802 Sewer Line Installation - 5802 Boone Avenue North Bo o n e A v e n u e N o r t h Boone Place 1 23 4 Specifications 1. Existing manhole. 2. Existing 9” clay sewer. 3. Contractor must cut in “Y” sewer connection 15’ east of manhole and install 6” PVC up to property line (13’ south of curb line). Connection must be at least 10’ west of easterly property line. Sewer line may not encroach into right-of-way in front of neighbor’s house to the east. Contractor must restore all curbing and asphalt. Asphalt patch to be sawcut. Asphalt patch section to be a minimum of 10” of class 5 aggregate base, 2” of bituminous base, and 1.5” of bituminous wear. 4. Contractor must cap and mark new sewer line. 15’ 10’ To be completed and paid for by city in early August PLATE NO. LAST REVISION: STR-10A AUG. 2019RESIDENTIAL DRIVEWAY WITH APRON CITY OF NEW HOPE, MN 1 8 " M I N 1 8 " M I N REMOVE EXISTING CURB DAMAGE (MINIMUM ONE PANEL)REMOVE EXISTING CONCRETE DRIVEWAY SURFACE EXISTING DRIVEWAY BACK OF CURBEXISTING CONCRETE CURB & GUTTER ℄EXISTING ROADWAY REMOVE EXISTING BITUMINOUS D428 CONCRETE CURB & GUTTER SAWCUT FELT EXPANSION JOINT SAWCUT EXISTING DRIVEWAY 6" CONCRETE DRIVEWAYBITUMINOUS PATCH SECTIONEXISTING BITUMINOUS LC ONE PANEL MIMIMUM 2'2' PLATE NO. LAST REVISION: STR-30 DEC 2017 CONCRETE CURB REPLACEMENT DRIVE LOCATION (CONCRETE D/W APRON) CITY OF NEW HOPE, MN 6" CLASS 5 AGGREGATE BASE. PLAN 18'' MIN. t Trees provide value from an environmental and property value standpoint. They aid in reducing storm water runoff, soil erosion, and water pollution. Other environmental benefits include the improvement of air quality and conservation of energy. Trees have also been shown to increase property values and can help beautify neighborhoods. Tree Preservation Policy The city of New Hope has a Tree Preservation Policy in place, intended to protect and preserve trees when development takes place. The policy applies to commercial, industrial, multiple family, and institutional land use development projects. The city’s Tree Preservation Policy requires that significant, preferred trees be replaced at 1 inch to 0.5 inch ratio. The ratio refers to the diameter of the tree in inches (rounding up) and the total number of diameter inches required for replacement. A Significant Tree is considered a healthy tree measuring a minimum of six inches in diameter measured five (5) feet above the existing, natural grade surrounding the tree for deciduous trees for deciduous trees, or a minimum of twelve feet in height for coniferous trees. A Preferred Tree is considered any tree that does not appear on the city’s Prohibited Tree list, as shown below. Prohibited Trees The city’s Prohibited Tree list includes the following species:  Amur Maple  Black Locust  Boxelder  Ginko (female only)  Green, White, or Black Ash (fraxinus species)  Mulberry  Non-disease resistant elm species  Nonhybrid cottonwood species  Russian Olive Buckthorn  Siberian or Chinese Elm Boulevard Tree Replacement Policy The city of New Hope has also adopted a policy to help homeowners to replace boulevard trees that have been lost to storms, disease, or other causes. The city has a preferred tree list to address tree selection considerations including hardiness, mature size, salt tolerance, pest and disease resistance, rooting habits, maintenance requirements, and soil compatibility. For more information, call 763‐592‐6763. City of New Hope Forestry Department 5500 International Pkwy • New Hope MN 55428 • Phone: 763-592-6777 • Fax: 763-592-6776 • ci.new-hope.mn.us Prohibited Tree List G:\CommDev\Informational Forms for CD and Public\Originals\Prohibited Tree List.docx (07-15)