IP #899QUIT CLAIM DEED
No delinquent taxes and transfer entered;
Certificate of Real Estate Value ( )
filed ( ) not required Certificate of
Real Estate Value No.
By.
County Auditor
Deputy
STATE DEED TAX DUE HEREON: $ 6e
Date:12 1b 2011
FOR VALUABLE CONSIDERATION, CitiMortgage, Inc., Grantor, a New
York corporation hereby convey(s) and quitclaim(s) to FEDERAL HOME
LOAN MORTGAGE CORPORATION, Grantee, a United States corporation,
real property in Hennepin County, Minnesota, described as follows:
Lot 10, Block 3, Northwood Terrace 2nd Addition.
PID No. 1811821330035
together with all hereditaments and appurtenances belonging
thereto, subject to the following exceptions:
The Total Consideration for this Transfer of Property is $500.00
or less.
Citi ortgage, Inc.
By
Its D um kt Control Officer
Jacqueline Cooper
lob -/&--1/
STATE OF MISSOURI)
COUNTY OF ST CHARLES)
The foregoing was acknowledged before me this 16th day of
December, 201.1, by jacgueline Coo -per the Document Control Officer
of CitiMortgage, Inc., a corporation under the laws of New York,
on behalf of the corporation.
NOTARIAL STAMP OR SEAL
01
Signature of Person Taking Acknowledgment
Tax Statements for the real property
described in this instrument should be
Zahra Ahred sent to:
Notary Public- Notary Seal
ate of Missouri
st. Louis Gounly Federal Home Loan Mortgage Corporation
Commission ##11230298 5000 Plano Parkway
My Commission Expires August 21, 2015 y
Carrollton, TX 75010
Drafted by:
USSET, WEINGARDEN AND LIEBO, P.L.L.P.
4500 Park Glen Road #300
Minneapolis, MN 55416
(952) 925-6888
File No. 10-5670
Mortgagor Halvorson
November 4, 2011
romr no. ZI-M -umuea warranty ueea Mlnnesola Uniform Conveyance alanl s
Corporation, Partnership or Limited Liability Company
to Indlvldual(s)
No delinquent taxes and transfer entered, Certificate of
Real Estate Value ( ) filed ( ) not required
Certificate of Real Estate Value No.
Date
County Audkor
By
Deputy
DEED TAX DUE:
Date:
(reserved forrsoording data)
FOR VALUABLE CONSIDERATION, feral Home Loan Mortgage Corooration, a Co ora i n under the Jaws of
United States of America Grantor, hereby conveys and quitclaims to Twin Cities Community Land Bank
LLQ Grantee, real property In ._ Hennepin County, Minnesota, described as follows:
See Attached Regal Description
PID: 18-118-21-3.3-0035
together with ail hereditaments and appurtenances.
This Deed conveys after-acquired title. Grantor warrants the Grantor has not done or suffered anything to
encumber the property, EXCEPT: None
Check box if applicable:
eN The Seller certifies that the seller does not know of any wells on the described real property,
❑ A well disclosure Certificate accompanies this document or has been electronically filed. (if electronically filed,
insert WDC number. )
0 1 am familiar with the property described in this Instrument and I certify that thus and number of wells on
the described property have not changed -since the last previously filed well dISAsdreEEFlHt%gta
Federal Rome
Affix Deed Tax stamp Here
By: %01111 0ttw 9411Its816t6 v of
National Default VIED Services, a Delaware Limited
Liability Compo dba First American Asset Closing
Services as Att mey in Fact for Federal Home Loan
Mortgage Corpdration, a United States of America
Corporation on behalf of th orporation
Its:
STATE OF; t g-- }
5
COe ttac
� � ss.
UNTY OFi
This instrument was wJJwas acknowledged Bee Attached
Chack here if part or ail of the land is Registered (Tormns) [ 1159
Tax Statementa for the real property described In [his Instrument should be sent to
(Indude name and address of Grantee):
Grantees:
Twin Cities Community Land Bank LLC
U 15 -F) rzSt jwzn z w E
S` R1.5.f H tJ 55 413
THIS INSTRUMENT WAS DRAFTED 9Y (NAME AND ADDRESS)
Burnet Title
5151 Edina Industrial Boulevard, Suite 500
Edina, MN 55439
File # 11-21853
Production *
CERTIFICATE OF ACKNOWLE13GMENT-- BY CORPORATION
STATE OF TEXAS
COUNTY OKL��
On this Aq— day of 2011, before me a Nota Pub is within for said
County, personally a
Limited Liability Company dba First American Asset Closing 5 rVlces sicesAttorney in Fact
for Federal Nome Loan Mortgage Corporation, a United States of America Corporation
an behalf of the Corporation,
to me known to be the person(s) described In and who executed the foregoing instrument
and acknowledged that she executed the same as her free act and deed.
NotaryPublic
YPb y
�a�� ,`'
CYNTHIA I'ARTIDA VALTIERRA
��`�
Notary Public, State of Texas
My Commission Expires
June 04, 2015
Lot 10, Block 3,, Northwood Terrace tad Addition.
A. Settlement Statement uADqwhDwQfwmdng OWE xa 250um
and Urban nemkmmmt
k&�y
�7%97S
F1sN[Lau 43 "j
TmYions ua0igoidn . P*Z...
BL%ft k43=
it ay
pftx6.o Im
0•*
230•+
46•+
20•+
30.+.
30•+
356•*
�fl res ftmEU)4 �
2
Ir )SO/
7a4un
Faz"-DRTR73nm
I Lava cmd lv mu vcd ilm MDd Se7demmd Smn=U mid m dm Lem of mW I mailep and bdM 4 k a km nW s=moe so== af d sxsiprs m d
£alerm�ts oda m ugr keeaent arLy7ae m 7Lis , Yfsr>fs�y 7hazILkrase�+ed t e� 7srpyaEpegar 7, 2 asd 3 aEd7h A[fL�I Sit
ateta�T.
BWMDW$R(S WURCR AMw4M.
n raad� 77maaep�rlma$ae1 1] e
ten Authortzed Signer of
onal Default REO Services,
faware Umlted Uabllfiy
' ° ear' - Company dba Pkat Amedoan
77YRzbmLRma
ft 7�x
,�ve Asset aosmg SaNlce5CFAACn
.,
b jz as Attomey Mfact and/oragent
7h&RUD4Scmkmm*.. vrA lbMftp ujmd�3%ed�scJoasard4a es [.ar7h& IAarasaY6ed1eyi6mkAo4e0h6mcediakuotd�owew$htlds
SMUMM
SeClmtid llpaa
IUVA Whkccmh
WAxNM khu4dmeM'minrilm»mmsinfficIIolo�dBnmolt0itma�ot3sfnLr�
Flmk�e o� eer�er4q�e3oevrt. raAemis
Sw 77-U 77.& Cade,Smefnp I6tt1 mdsssrme Im
SComSarme limo �tP�lemma l'{axdmq AaG A7 &Dbsmdw -Bo
5m"4N WAammis dmslssR �d dse r®mhmmlc
am derrJoD a $del l lfeafia m Ids i� LoW1blC tr ffiloee m
siWsm5emmymdeme; da �moee
lmdmea7'�sellmeam .tl��rJmddldo�iupaOlYeslls7lom and
mkdpe�d6sAam �.em dLd+wrndape�
pmdmaa[eeddmti.rcu7 mmwa mdem sdte�
sendmc :
>��Yom dnlpmPpevim
Ylbl�madm9�seemfkn7sepsax&aakrmxsa��asFm'.
>�k lm.4r wmt }adds d. Im�leL m d fsOY xinm k acdwl c! Pot+ibee 4
ddesm
7Lel►5� 7s.++a s.,tit mlmdoedle 4rsmaud trma�g m. ReQ
ks� d'asm�.
lmdeamnn ind db916mbmoi l6mq to tmimftpoLbs dmmWvddndmm -
Ok *a Ime �r ouiew}di mma
da saade4 and ami ma w7a me m&sdos or
7hs 89 W. i' iris Edi m 6 cam"m vAa ft xdmm Um dw* mm aoa
awmmri
T7a eei s'aQmt sds l and yes as fib blas
on
7a�
aa.amolw pagk4 Iv7m>�,1(9!$6j
A. Settlement Statement 'U.S. Department of Houdog OMB No. 2502-0265
and Urban Development
i. U MA a, 0 FmHA
3. 0 Canv Uains 4, 13 VA
S. 13 Cunving. 6. 13 SeikrMauce
7. ® Q* sole
C. Nota This tram Is fumished to give you a statameot
Twin CHies Community Land Banum
613 Mrst Avenue NB, Suite 410
Miuneapolls, MN 55413
3757 Gettysburg Avenue North
Now Elape M 55427
Property M:1B-118-35-00M
t3nmmary
0. Gross A
5. Fila Number
ORTZt37841
costs. Amomsa paid to and
marked
M nMa ec namrse m scud' F. Name & Address of Leader
Federal Enure Loan Marillur Cerporutlon
3 First American Way, Santa Ann, CA 93707
H: Settleopat Agent Name
Old RepobllcNational Two lnmuronee Company
400 Smood Avenue Sontb
MinoeaPOIlk,MN 93401 Tax M 410579050
lluderwrltten Byt Old Republic Title
OldRepuldcTitLe-Miaa
400 2nd Avenue Snotb
h2uueupolis, MR W401
IKM12
rand' 1!6li012
Ala Na. ORTE737941
File Nm OR=37841
mo ansow Page 3 foml SQD•7
Hgndbo*
Pik No. ORTE737841
I have cateruldy reviewed the HUDA So Smemmt end m t1m best or my limn cdp and h baliar, it is a true and actu=ate gtaten=t of aq te
disemenls made on my ecomml or by me in this uaosaca= I fattier caft that I hme received aSlAtftcnL txipt� and
completed t opY oFpagRs I � Z and 3 or this WD -1 Sdpts nft
and
RORROWJER{S)MMCHASEWS) SELLER
Twin Cbks Camnmaity iaod Fdmet Hems Inert Martgsga Coryomlien
ar. � Rom hs.
It r, Preshient
t 4 fu La bl x
WAIiNIPRi: It.badireahamvlggiy dS , ]010. pmeremdabdeIJrdmdSmlenanOdeorngymM
see: Milk IB [1.& Cade Seeftan 1001 od SratmldrPatin. lmnnldesupon convictionowhmiudeafinembwemnlamt Fornoft
ceetiaa
mmt derejgp it Specht hdbnmthm hackle! (a '--- — "—"*' - aeenea'gnt etRm7A m=ftW dLd HU l deYaltQ and pl�xpte lhtt emAdwd lb= taW w d 6t
Im1P t borrowing tuao4 m ihmece lie the braeePhmnmalmeolmptwldaIh0dbohateearoud.,wkpoardopmlOeb000nrsead
� of edmrldedto[ reef aemm to hems• uedmetnd We anpne ®d eons of ud omm NIU..' Ndhr. 7Lme m adrd pow dh hmn s OWED despnl W pow the bmmwer tvtdt perdoent
• Efth leader coat pmvlde Ric bmW" to e0Rm d
iirmoa ftftgd eseulnmKpmcmiomdvmhenbdmrsfvopper
pmpF*—s tra'am MOW= m btu" dam wbom h n &M m d nr wham h Rte FWk IkPmdns hmden for ftaulkedw or Wb mfr is m average ace bwr
money to Face the piarhme aPredf ft reel moms • per epos
mre bldu isdmIhr mrL%ft hmrwllws antis U Non dem somaa%
leaden mar POP= and dhuthom wdi de hodrha o (load paith Pslhmle
e ilie smdeemtcgsiv sntbmdts mrd aminmbdag rhe lobi aeedK and bit N&g and mvkwkg the taadcam ar
dot we mm m h imy m ktor In comm t udlb an awlmteat. '!Fens dwa ms m lq�dm
ndtdemry. -Rhh RMW RW mn 60009 tide Ioltmmthat. nod yaLL
mdeu hdlpduyn o mteeialy weld OINK Ceche! eM and tegand to onogdem Rda !bine
'ilre)oPorvotioo om�demaotteediReiFtooaaSdgrRn!
Payee: 102423 QLD REPUBLIC NATIONAL TITLE IN
Supplier Invoice No Date Remark
PURCHASE 3757 1/4/2012
Check No. - 149851
Check Date - 1/4/207.2
PLEASE DETACH BEFORE DEPOSITING
.G
149851
Stub 1 of I
Amount
125,652.12
125,652.12
11' X4985 b1l@ 1:09 10000199;80 2 i i 34 1 4 2us
File No, ORTE737042
Pik No. ORTE737842
File No. ORTE737342
I have carefully tnviewrd the HUD -1 Settlement StetemtOt tmd to the best of w4y imcwkdge and W4 It Is a true oW accurate smtcmattt of RU aaeatpls end
tAU attmtmis made cm rCty account or by ma in Chia trmsactign I flo
Stement dtrr cu* that f have recolped a completed COPY of Ma 1. 2 and 3 of this HUI}-I Swlemew
Sta
BORROWER(S}/MCHAMM(S)
ClLY Df l?ew Hops
By: t3Ads leto�tm
Im: Oimamr arCbtu m* Devdopmmt
-auin6vapmP=dIsaI=
statecaML
rwm dm cMM=dy tmtd
Hy. Rd L. Ram Y
Ita. Rcsldeta
SetdemenrAgent:
Kenn tcotnb 1 —
W . Ti ft I t It& n D& s e ImaIODI Bad
a SM*p CIO. tea4la tbo [7a�ed States on thte m ttgyeetvdmenremta Paanhka npoo caaviulon Cam htolwk a Bee a
eee: '1'hle tB U.$ t7ode&tliaa Ipei sadp CIO. ;mpCmaamate. ForAeatee
MW develop a spxim Iathmtmdaa 8omkt m `y""® ��°owm�7 • nuu B=Mm 4M O<RMA mwdm that HUG davetyt Md p wzft tbk alma td tbtw w L need K
aeCaoae ana co s rud m lbterra the the rbaa al foeA eademeol mpmvTde Gdt dleelaeom Cdae cporgev tmptaed npau Ota ttttaatrerapd
hat a Ctimaldemtd rot eamte m hema tmdaernd ma mtrn: aad cwis oFew eetam tpattletreat seller. Mum am tbad PM terctoaoeI @at ere
1Heeh imdw Amer a� aw boebiea m m1 btfmomdoa dmm6 Cha eotptnaee he aed4le bwew rp'th Edo �e lmtxaasr wlth petNpgtt
�pmchase at'taddodW eee! b Tae Athee Rapottmg Braden fm th4 txeecdm M mrmmmma Ir meted mavmape an bov
ptepmav a vn qt appUradoA m 6maw mmtay m Bmmee Cha ler tegmoeR mclbf fl rite dms far tn'tk"a, matt ud ettt
Me loan bormiac it M �t whh am Saatdet a with d Pnh6 Ssthmm of On Mdwjtt call SOthmloe tmd tt UMIOmg Cha dMA nN44 and cmpla9nB �g am caeect6mt ar
MUNISM. Ntety m wear b remnmdan WNIt the atudemem. Then dhelmaw am Wwmedm
meY NO meeet thin bdlmotka, Card you am.ad tegdbad to Cmhpteto dde ram,
digtl`YSM t7eteady vdM OM OoRW atobm:
litehfmmsdoA daaenolloditdfloeoae
SCHEDULE A
APPLICATION NO.: ORTE737842
Effective Date: November 2, 2011 at 7:00 A.M.
2. Policy (or Policies) to be issued:
(a) 'ALTA' OWNER'S POLICY 6-17-06
PROPOSED INSURED:
City of New Hope
(b) 'ALTA' LOAN POLICY 6-17-06
PROPOSED INSURED:
Amount: $135,050.00
Amount:
3. The Estate or interest in land described or referred to in this Commitment is Fee Simple
4. Title to the Fee Simple estate or interest in the land is at the Effective Date vested in:
n� r
5. The land referred to in this Commitment is described as follows:
Lot 10, Block 3, Northwood Terrace 2nd Addition, according to the recorded plat thereof,
and situate in Hennepin County, Minnesota.
Torrens Property
Being registered land as is evidenced by Certificate of Title No. 1174566.
3757 Gettysburg Avenue North, New Hope, MN 55427
ORT FORM 4308 Page 1
ALTA Commitment 2006
APPLICATION NO.: ORTL737842
SCHEDULE B - SECTION I
REQUIREMENTS
The following requirements must be met:
1. Pay the agreed amounts for the interest in the land and/or the mortgaWto be insured.
2. \Pay us the premiums, fees and charges for the policy.
3. Doc ents satisfactory to us creating the interest in the 1 d and/or the mortgage to be
insure ust be signed, delivered and recorded.
4. You will tel s in writing the name of anyone not refe ed to in this Commitment who will
get an interest i he land or who will make a loan on a land. We may then make additional
requirements or ex ptions.
5. The Title of Twin Ci
6. Warranty Deed from=
7. Provide Old Republic Title with a Wis
documents must contain the followinE
THE SELLER CERTIFIES THAT
ON THE DESCRIBED REAL P P.
Land Bank/LLC is to be established of record.
TY.
Bank LLC to City of New Hope.
Certificate or the conveyance
DOES NOT KNOW OF ANY WELLS
8. Identification will be required/rom all parties required,to sign documents at closing.
9. Mortga/ed by D iel E. Halvorson, single in favor Mortgage Electronic
Registras, c. as nominee for Quicken Loans, Inc., ated September 15,
2005, fi3 006, as Document No. 4209172, in the or inal amount of
$191,52
Subject r sums which may become due and payable under the`VrmsthereofThe aboe has been assigned to CitiMortgage, Inc. by assignment datedFebruar, filed March 16, 2011, as Document No. 4842514. \_
Not' e of pendency to foreclose mortgage Document No. 4209172 above, dated Mar6k 8,
2 1, filed March 16, 2011, as Document No. 4842515.
Notice of
ORT FORM 4308
ALTA Commitment 2096
to
Page 2
APPLICATION NO.: ORTE737842
29, 2011, filed
The above mortga een foreclosed
Inc., by S s Certificate dated May 4, 201
NOTE: Any b RVproceeding invc
commzawd after the effective dat"fthi
t rnr�reing-of the period for redemption.
1, as Document No. 4$49472.
,wefe—sold to CitiMortgage,
6, ent No,
A Proceedings Subsequent will be necessary to determine the validity of the above
foreclosure sale and establish title in the name of the mortgagee or its assignee prior to
closing. p2O 3t_b b -V U,5Se.i- Vv u Y, rckx� ! e p L
10. Mortgage executed by Daniel E. Halvorson, a single person in favor of Teacher Federal
Credit Union, dated October 27, 2006, filed November 27, 2006, as Document No.
4330800, in the original amount of $31,480.00.
Subject to any other sums which may become due and payable under the terms thereof.
Satisfaction, release or subordination is required.
11. Application indicates the premises to be an existing structure; as such, an affidavit must
be prepared at closing indicating that no improvements have been made to the premises in
the last 120 days, If improvements have been made, we must be supplied with a Sworn
Construction Statement and supporting Mechanic's Lien Waivers three days prior to the
Closing. The Sworn Construction Statement must be completed to reflect all categories of
work performed and/or materials supplied, the name, address and phone number of the
sub -contractor who performed the work and/or supplied the materials, together with the
actual costs. The lien waivers must be full and final waivers and not conditional.
ORT FORM 4308
ALTA Commitment 2006 Page 3
APPLICATION NO.: ORTE737842
SCHEDULE B - SECTION H
EXCEPTIONS
Schedule B of the policy or policies to be issued will contain exceptions to the following matters
unless the same are disposed of to the satisfaction of the Company:
Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in
the public records or attaching subsequent to the Effective Date but prior to the date the proposed
Insured acquires for value of record the estate or interest or mortgage thereon covered by this
Commitment.
Any discrepancies, conflicts, easements, boundary line disputes, encroachments or
protrusions, or overlapping of improvements which would be disclosed by an inspection and
accurate survey of the premises.
2. Rights and claims of parties in possession.
3. Mechanics', Contractors', or Materialmen's liens and lien claims, if any, where no notice
thereof appears on record,
4. Any facts, rights, interests or claims which are not shown by the public record, but which
could be ascertained or by making inquiry of person(s) in possession thereof.
5. Liens, encumbrances, or claims thereof, which are not shown by the public record.
There ar no evied or Pending special assessments.
The date of the special assessment search is December 1, 2011.
NOTE: Any final Owner's policy issued by this Company will NOT INSURE that any
charges for water bills, weed, grass, garbage or debris removal, municipal hookup or any
other fees imposed by the municipality have been paid.
NOTE: Foreclosure Search ordered - not yet received.
Taxes for the ye 2011 the amount of $3,004. 6 are paid. { ase tax amount
$3,004.66.) {Tax -118-21-33-0035.)
NOTE: Hennepin County tax records indicate property is homestead for taxes payable in
the year 2011.
8. 24 Month Chain of Title Information Note: The following fee transfers appear of record
ORT FORM 4308
ALTA Commitment 2006 Page 4
APPLICATION NO.: ORTE737842
with the County Recorder in the past 24 months: Title to the premises was conveyed to
CitiMortgage, Inc., by Sheriffs Certificate of Sale, filed May 6, 2011, as Document No.
4854976.
c51® CLJ 9. Restrictions, covenants and conditions dated September 28, 1961, filed October 20, 1961,
t
as Document No. 672493, which contain no forfeiture provision.
10. Subject to an easement for public highway, together with the right to construct and
maintain temporary snow fences upon said easement and the lands adjacent thereto as
contained in Final Certificate recorded in Book 406 of Miscellaneous Records, Page 12.
11. Drainage and utility easement(s) as shown on the recorded plat of Northwood Terrace
2nd Addition.
NOTE: If there are any questions concerning the exceptions shown on this commitment,
please call Lora Rainwater at (612) 371-1125.
JDJ S
3Zn — `7 i <J
ORT FORM 4308 Page 5
ALTA Commitment 2006
lyrinumtEL Unfrom Conveyancing 13ianls
Fara NoX-M-LIMITED WARRANW DEED
Corponidw orPartnorship orIimilad Lmbili`y Company
To CorpmWoo or Partnershl r or Limited Liablli 9L)rppgu
No datingaenttnm and transfer rntered; Cerdficole
of Reel l=sWa vohm
Filed NotrequIted
CMASGUte otrReal Estate vacuo Na.
Date:
County Auditor
b5'
a
STATE DEED TAX DUE HEREON;
Dai: ObhUcarV (,, 2,C)12
FOR VALUABLE CONSIDERATION, Twin Cities Community Land Bank LLC, a Nan -Profit Limited Liability
Company under the laws of Minnesota, Grantor, hereby conveys and quitclaims to City of New Hope, a public body
corporate and politic under the laws of Minnesota, Grantee. real property in Hennepin County, Minnesota, described
as follows:
Lot 10, Block 3, Northwood Terrace 2nd Addition, according to the recorded plat thereof, and situate in
Hennepin County, Minnesota
® The Seller certifies that the sailer does not know orany wells on the described real property.
❑ A well disclosure certificate accompanies this document,
❑ I am famillar with the property described in this instrument and I certify that the states and number of
wells an the described real property have not changed since the last previously filed well discloser& certificate.
together with ell haufftmr mU god appurtenances,
The Dead conveys Mm -acquired tide. Grantor warrants that Grantor has not doge or suffated mw ftg to encumber the property,
EXCEPT:
None.
Affix Dead Tax Stamp here
Will Cities Community Land BankLLC
By: �.baw �Rmn
Iter President
State Of MINNESOTA I
I ss
County OfHENNEPIN I
This instrument was acknowledged before me on this 3(dday of J 20 ((z by
Rebecca L. Rom the President of Twin Cities Community Land Bank LLC, a No Profit Limited Liability
Company under the laws of Minnesota, on behalf of the Corporation.
Notoria blr k) Si f Na Gry Public Or Other Official
NOTARY PUBIJC•itIMtESDTA
.t
Mr cam dagWk"JW81;mw
w •
Check here if part or all of the land is Registered rr9eats)
THIS INSTRUMENT WAS DRAFTED BY (NAMI$
AND ADDRESS)
Old Republic National Title Insurance Company
400 tad Avenue South
Minneapolis, MN 55401 1
File: ORTE737342
NX Statements For The Real Property Described In
This Instrument Should Be Sent To (Include Name and
Address):
City orNew Hope
1401 Xylon Avenue North
vew Hope, MN 55428
Limited Warranty Deed 23 M
Cerpnatioo arYarhrerabip orUndted Uabli ty CompauyTo Corporadmi or Nrtecrsbtp or Uadtnd UnbUtly Company
' ,PIM PVBTA+r Y1141iieL i!6Ld. VMKi dY'�.t I'ty�HH1 '
NOTICE OF AVAILABILITY
OF OWNERS TITLE INSURANCE
DATE: [I b I I �i—
FILE NUMBER: ORTE737842
TO: City of Now Hope
Buying property identified as: 3757 Gettysburg Avenue North
New Hope, MN 55427
A Mortgagee's Policy of title insurance insuring the title to the property you are buying is being issued to your mortgage lender, but that
policy does not provide title insurance coverage to you.
You may obtain an Owner's Policy of title insurance which provides title insurance coverage to you.. The cost to you for an Owner's
Policy of title insurance in the amount of $135,050.00 $0,00 is $340.00. The cost for the loan policy will be N/A
If you are uncertain as to whether you should obtain an Owner's Policy of title insurance, you are urged to seek independent advice.
OId Republic National Title Insurance Company
400 Second Avenue South
Minneapolis, MN 55401
By: Karen Whitcomb
(Its local agency or underwritten company)
® I/We do request an Owner's Policy of title insurance.
❑ I/We do not request an Owner's Policy of title insurance.
City of New Hope
By: Curtis Jacobsen
Its: Director of Community Development
Email Address for Owners Policy:
Owner's Option (ALTA Notice of Availability of Owner's Title Insurance - 2010 Page 1 of 1
-ee5
* OLD REPUBLTC?&Wox&Lnnsiijsunanc ConirnnY
400 Second Avenue South
Minneapolis, MN 55401-2499
ACKNOWLEDGEMENT OF RESPONSIBILITY
WATER BILLS AND MISCELLANEOUS CITY CHARGES
Property: 3757 Gettysburg Avenue North
The undersigned buyer(s) of the above listed property hereby understand and acknowledge:
1. Old Republic Title will contact the applicable cities to obtain statements reflecting any outstanding
water bills or miscellaneous charges owing as of closing as a courtesy to the parties involved in the
transaction.
2. The REO sellers require that any items to be paid at closing on the HUD -I Settlement Statement be
accompanied by a written statement or invoice from the payee.
3. Any charges not reflected on the statements obtained by Old Republic Title, including but not
limited to water bills, weed, grass, garbage or debris removal, municipal hookup or any other fees
imposed by the municipality which may arise prior to or subsequent to closing will be handled by the
parties to the transaction and will not be the responsibility of Old Republic Title to pay, resolve or
mediate.
Date:
Twin Cities Commum ay "ank LLC
By: �ebecca L. Rom
Its: Fresident
City of New Hope
By: Curtis Jacobsen
Its; Director of Community Development
*:.. , . ..; P�i:t�.er.+cs�.�ati;•eo�iiNir.
DEPOSITORY AUTHORIZATION, CLOSING
ACKNOWLEDGEMENT AND RELEASE
Old Republic National Title Insurance Company
(hereinafter referred to as the COMPANY)
Property Address: 3757 Gettysburg Avenue North
New Hope, ]VIN 55427
Seller: Twin Cities Community Land Bank LLC
Borrower: City of New Hope
File#: ORTE737842
Closing Date: I / CO / I ,-I,
A. The undersigned SELLERS and BUYERS of the above described property state that they are aware that the
COMPANY is handling part or all of the closing of the above sale and that the COMPANY cannot give either
SELLERS or BUYERS any legal advice or counsel in connection with the sale of the property or on any outer
matter,
B. The SELLERS agree to pay all special assessments, real estate taxes and utilities associated with the above
property, as agreed upon in the purchase agreement, and to hold harmless and indemnify the Buyer, the
COMPANY, and any title company or real estate brokers involved in the transaction against any such special
assessments, real estate taxes and utility charges, liens or legal casks to remove the same,
C. The SELLERS agree to make arrangements with the water department to have the final reading trade on the
water meter and will have the final water bill sent to them at their forwarding address which is:
and will pay the final bill immediately upon receipt so that the final water bill does not become a lien on the
property above,
D. The undersigned SELLEKS) acknowledges aad agrees to pay all mortgages, home equity or line of credit loans,
and liens on the above referenced property, The closing agent cannot guarantee the mortgage comps
any'
acceptance of the payoff figure as shown on the HLA] -1 Settlement Statement. Th the event there is a
discrepancy in the amount to payoff or release the mortgage, SELLERS) agrees to immediately pay the
COMPANY any additional funds necessary to satisfy or release the mortgage, including but not limited to:
additional interest, escrow account shortages, late fees or accounting errors, If the SELLER(S) disputes the
accuracy of any additional funds needed to payoff or release the mortgage, the SELLER(S) agree to pay the
additional funds and settle the dispute with the appropriate parties after the mortgage has been paid and released,
The SELLER(S) fitter certifies that the SELLER(S) has not borrowed additional funds or placed an
undisclosed lien against the property. SELLER(S) also agrees to make NO ADDITIONAL DRAWS from any
existing home equity line of credit.
Pepasitary Authorizullon, Closing Acknowledgement And Release
The SELLER(S) is responsible for canceling any automatic withdrawal arrangements with any lender.
--ki' '
(seller initial) (seller initial)
E. The BUYERS acknowledge that they are responsible for all future utilities and that they are responsible for all
future payments and terms required on any mortgages or contracts for deed assumed as part of this sale.
Z~, If as BUYERS, you are not required to escrow or have elected rot to escrow for payment of real estate traces, be
advised that taxes are payable on May 15th and October 15th of each year, If prior to this date you have not
received a tax statement, please call the Treasurer's office to request a duplicate copy,
G. The BUYERS and/or SELLERS, agree if requested by Lender or Closing Agent, to fully cooperate and adjust
for clerical errors on any or all closing documentation deemed necessary or desirable in the reasonable
discretion of Lender or Closing Agent. The unde6igned BUYERS and/or SELLERS do hereby agree and
covenant in order to assure that all documentation executed this date will conform and be acceptable in the
market place in the instance of transfer, sale or conveyance.
H. The undersigned SELLERS of the above mentioned property do hereby certify that
I/WE DID DID NOT file for homestead, therefore, the taxes for the year wiill be
HOMESTEAD NON HOMESTEAD.
1. The BUYERS choose to share the ownership of this property as:
JOINT TENANTS /TENANTS IN COMMON
(initial here) (initial here)
J. The undersigned BUYERS also acknowledge receipt of the copy of the Warranty Deed (or Contract for Deed)
and instructions for filing for homestead certification.
K. The undersigned SELLERS also acknowledge that if they sell their property or change their primary residence,
state law requires that they notify their Assessor within 30 days.
City ofNew Hope
By: Curtis Jacobsen
Its: Director of Community Development
Old Republic National Title Insurance Company
By:
Karen Whitcomb
Depository Authorization, Closing Acknowledgement And Relesse
Twin Cities Community Land Bank LLC
By: ebecca L. Rom
Its: President
DF,POSrrORY INSTRUCTIONS/AUTHORIZATION
Ref: Closing file # ORTE737842
In order to facilitate the closing of the above file, the Undersigned (also referred to as "You" or "Your") does hereby
authorize and instruct Old Republic National Title insurance Company ("Escrow Agent") to deposit the funds
received from you {"Your Funds") or on your behalf into a bank account ("Escrow Account"). The account shall be
in the Escrow Agent's name and will also contain similar deposits from customers conducting real estate
transactions.
In order to help keep settlement costs down, Escrow Agent may arrange for the bank to provide it with a
number of services at a .reduced rate or at no charge and/or may. arrange to earn Interest on the Escrow
Account balance. Interest earned, if any, shall be paid to the Escrow Agent. In no event will any such
arrangement restrict or limit in any way the disbursement of Your funds in accordance with the instructions
given by You, Your HUD -1 Settlement Statement or Your Closing Statement.
Alternatively, if You expect Your funds would be held by the Escrow Account for a period of time prior to
disbursement, You may elect to have interest paid to You by segregating Your funds into a separate interest-bearing
account. A special arrangement for these types of accounts has been established with a local bank. To make this
election, contact the Escrow Agent to obtain the necessary forms to be completed (Instruction Form and IRS Form
W-9) A fee of Si50.00 will be collected by the Escrow Agent as compensation for processing the documentation,
transferring the funds, maintaining the auditlreconciliation records and coordinating the tax documentation.
It is important that You consider the additional costs involved with segregating Your funds because these
costs could exceed the interest You earn. To help You estimate the appr_ oSimate amount of interest You may
earn on a segregated account, attached are sample calculations at various Interest rates. If you should have
any questions or are interested in the initial interest rate currently being offered on segregated accounts please
contact the Escrow Agent at the number listed. below. The actual interest rate will fluctuate periodically with market
conditions and may change prior to or during the time Your account is open.
If YOU elect to segregate your funds into an interest bearing account in Your name, You utast contact the Escrow
Agent and request and complete an instruction Form and an IAS Form W-9.
If you elect to earn interest, but would Iike to have Your funds invested in another bank and/or another type of
interest bearing investment; please provide us with specific instructions in writing. The fee for these types of
accounts will vary, but will be greater than 550.00
If you elect to direct the Escrow Agent to deposit Your funds into the Escrow Account please sign below. By
signing below You are acknowledging Your agreement to the terms and procedures described above in the first two
paragraphs.
City of New Hope
^` y: Curtis Jacobsen
Its: Director of Community Development
MpasitoryAutbarization, Closing AcknowledgementAnd Release
Twin Cities Community Land Bank LLC
By: becca L. Rom
Its: President
SAMPLE CALCULATIONS OF INTEREST
1. ASSUME: $1,000 will behold for 5 days prior to disbursement and current interest rates are 1%
CALCULATION: $1,000 * 51365 *.01 — $.14
2. ASSUME: $1,000 will be held for 5 days prior to disbursement and current interest rates are 3%
CALCULATION: $1,000 * 51365 * .03 =$AI
3. ASSUME: $1,000 will be held for 5 days prior to disbursement and current interest rates are 5%
CALCULATION: $1,000 * 51365 *.05 = $.68
4. ASSUME: $1,000 will be held for 5 days prior to disbursement and currant interest rates are 7%
CALCULATION: $1,000 * 51365 *.07 = $.96
Depository Auth orfutlon, Clasing Acknowledgement And Meuse
�, O;D!EPiBIsiCi,enoi:riintii:riti
DISCLOSURE OF MINNESOTA STATUTES
Old Republic National Title Insurance Company
(hereinafter referred to as the COMPANY)
Property Address: 3757 Gettysburg Avenue North
New Hope, MN 55427
The COMPANY will be providing closing services for the above identified property,
Minnesota law requires that the following disclosure be given to anyone being charged for closing services:
Minnesota law (M.S.A. 507,45, Subd. 3(a) provides:
"THE REAL ESTATE BROXER, REAL ESTATE SALESPERSON, OR REAL ESTATE CLOSING AGENT
HAS NOT AND, UNDER APPLICABLE STATE LAW, MAY NOT EXPRESS OPINIONS REGARDING -THE
LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF THE CLOSING ITSELF."
Minnesota law (M.S,A. 507.45, Subd. 2) provides:
"NO CHARGE, EXCEPT A CHARGE REQUIRED TO BE DISCLOSED BY REGULATION 4 CODE OF
FEDERAL REGULATIONS, TITLE 12, SECTION 225, AND EXCEPT A CHARGE FOR WHICH AN
ESTIMATE HAS BEEN GIVEN PURSUANT TO THE FEDERAL REAL ESTATE SETTLEMENT
PROCEDURES ACT, AND REGULATIONS THEREUNDER, MAY BE MADE BY A CLOSING AGENT
UNLESS THE PARTY TO BE CHARGED IS INFORMED OF THE CHARGE IN WRITING AT LEAST
FIVE BUSINESS DAYS BEFORE CLOSING BY OR ON BEHALF OF THE PARTY CHARGING FOR THE
CLOSING SERVICES,"
The charge to you (Seller) by the COMPANY or its authorized agent for closing services vn1l be S0,00
The charge to you (Buyer) by the COMPANY or its authorized agent for closing services will be S230.00
❑ The undersigned acknowledges receipt of such disclosure of charge as required by law.
❑ The undersigned waives receipt of such disclosure of charge and agrees to pay to the COMPANY or its authorized
agent the charge for closing services stated in the contract for closing services.
City of New Hope
By: Curtis Jacobsen
Its: Director of Community Development
4yv:b
s Community Land Ban LC
ca L. Rout
Its: President
Disclosure arNnnesata Statutes Pnge 1 ora
OLD REPUBLIC
National 'title Insurance company
Old Republic National Title Insurance Company
Privacy Policy Notice
PURPOSE OF THIS NOTICE
Title V of the Gramm -Leach -Bliley Act (GLBA) generally prohibits any financial institution, directly or through its
affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution
provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you
and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing
you with this document, which notifies you of the privacy policies and, practices of Old Republic National Title
Insurance Company.
We may collect nonpublic personal information about you from the following sources:
Information we received from you such as on applications or other forms.
Information about your transactions we secure from our files, or from others.
Information we receive from a consumer reporting agency.
Information that we receive from others involved in your transaction, such as the real estate agent or lender.
Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal
information will be collected about you.
We may disclose any of the above information that we collect about our customers or former customers to our affiliates
or to nonaffiliated third parties as permitted by law.
We also may disclose this information about our customers or former customers to the foilowing types of nonaffiliated
companies that perform services on our behalf or with whom we have joint marketing agreements:
Financial services providers such as companies engaged in banking, consumer finance, securities and insurance.
Non-financial companies such as envelope staffers and other fulfillment service providers.
WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE'FOR
ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BYLAW.
We restrict access to nonpublic information about you to those employees who need to know that information in order
to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with
federal regulations to guard your nonpublic personal information.
Disciosare orMiunesota statutes Page 2 oft
STATE OF MINNESOTA
COUNTY OF HENNEPIN
DISTRICT COURT
FOURTH JUDICIAL DISTRICT
,
In the Matter of the Petition of File No.
corporation, for an Order directing CONSENT
the entry of a new Certificate of
Title after Mortgage Foreclosure
-----------------------------------
The undersigned state as fo]lows;
1. That the undersigned waive service of an Order to Show Cause and
further consent(a) to eritiry of the order in the above -captioned case.
2. Check all that are applicable;
Owner/Occupant ( J The undersigned are occupants of the
subject property and are the owners
through a deed from Petitioner
Owner/Non-Occupant [ J The undersigned are the owners of the
subject property through a deed from
Petitioner
occupant [ The undersigned are occupants of the
subject property
y G-�- NP -W -He-
Dated: ay o /
dr ` r
iSignature) �i-S.
Printed Dame
Dated;
(Signature)
Printed Name
STATE OF MINNESOTA)
)ss.
COUNTY OF He,-. p rti )
This instrument was acknowledged before me this day of
2011, by n� } } ;P -n I- C
�w,�►„�.--- -► �, , ' t rl ,,,, A we e
Fife No. 10-5676 .•.:,: KAREN M.
NOTARY "U"'U OQ 8
C
'�H'�•� MV Commission E ices Jan,
r � 3f, 2015
x
TO BE COMPLETED BY EACH BUYER
Subject Property Address; '
�. Name and Address after closing of all Buyers;
I V --) len Aut.
ME
2. Marital Status of each BuyerSi gl
Ma rikps
married,
na fe
3. When do you expect the subject property to be occupied:
4. Names of all occupants if now known: Lin 1C.�kohArLorw_
Have attached Consents executed by all occupants and
returned to your closer.
5. If the Subject Property will not be occupied until some time
in the future, please call David Useet at 952-925-6888, ext.
702, when the Subject Property is occupied.
-2-
the Above Space Is Reserved For Recording Data
Affidavit Regarding Corporation
Form No. 117-M Minnesota Uniform conveyancing Blanks (1978)
STATE OF MINNESOTA
COUNTY OF HENNEPIN
Curtis Jacobsen being first duly sworn, on oath say(s) that:
I . He is the Director of Community Development respectively, of City of New Hope, a(n) a public body corporate
and politic under the laws of Minnesota named as in the document dated and filed
for record _�^, as Document No. (or in Book Page � in the
Office of the Registrar of Titles of Hennepin County, Minnesota.
Pertaining to real property described as:
Lot 10, Block 3, Northwood Terrace 2nd Addition, according to the
recorded plat thereof, and situate in Hennepin County, Minnesota.
2. Said Public body corporate and politic's principal place of business is at the address below and said Public body
corporate and politic's previous principal place(s) of business during the past ten years (leas) (have) been at:
Address Number of years
105 5th Avenue South, Suite 200
Minneapolis, MN 55401
3. There have been no:
a. Bankruptcy or dissolution proceedings involving said Public body corporate and politic during the time
said Public body corporate and politic has had any interest in the premises described in the above
document ("premises");
b. Unsatisfied judgments of record against said Public body corporate and politic nor any actions pending in
any courts, which affect the Premises;
c. Tax liens filed against said Public body corporate and politic, except as herein stated:
NONE
4. Any bankruptcy or dissolution proceedings of record againstpublic body corporate and politic with the same or
similar names, during the time period in which the above named Public body corporate and politic had any
interest in the Premises, are not against the above named Public body corporate and politic.
5. Any judgments or tax liens of record against Public body corporate and politic with the same or similar names
are not against the above named Public body corporate and politic.
6. There has been no labor or materials furnished to the Premises for which payment has not been made.
7. There are no unrecorded contracts, leases, easements or other agreements or interests relating to the Premises
except as stated herein:
NONE
8. There are no persons in possession of any portion of the premises other than pursuant to a recorded document
except as stated herein:
NONE
Affidavit Regarding ASKVALUE DOES NOT EXIST
Page X of 2
9. There are no encroachments or boundary line questions affecting the Premises of which Afliant(s) (has) (have)
knowledge.
Affiant(s) knows) the matters herein stated are true and make(s) this Affidavit for the purpose of inducing the
passing of title to the Premises.
City of New Hope
By: Curtis Jacobsen
Its: Director of Community Development
Subscribed and sworn to before me this CD" day of U_cjn C p 201 a
�4/ {
R
&"ARYPTUTBRTLIC ■ ■
*KAREN M. WHITCOMB
THIS INSTRUMENT WAS DRAFTED (NAME AND ADDRESS)NOTARY PUBLIC -MINNESOTA
cy Commission Explras Jan. 91.2015
Old Republic National Title Insurance Company
400 2nd Avenue South
Minneapolis, MN 55401
ORTE737842
Originating Department
Community Development
Curtis Jacobsen, Director of CD
COUNCIL
Request for Action
Approved for Agenda
: Kirk
April 9, 2012
Agenda Section
hent and
Item No.
8.1
Resolution authorizing staff and the city attorney to draft/negotiate a purchase agreement for the sale of 3757
Ge sburg Avenue North to Homes Within Reach. (Pro ect no. 899)
Requested Action
Staff requests the Council approve the resolution authorizing staff and the city attorney to draft/negotiate a
purchase agreement for the sale of 3757 Gettysburg Avenue North to Homes Within Reach.
Policy/Past Practice
It is the practice of the staff to obtain Council approval prior to negotiating for the sale of a parcel of property
in the city.
Background
At the Work Session on March 19 the sale of 3757 Gettysburg Avenue North to Homes Within Reach was
discussed and the Council was supportive of the sale to Homes Within Reach pending documentation from
the organization of the itemized repairs planned for the property. The repairs at a minimum must equal the
$27,000 discount offered on the sale of the property. Staff from the organization has submitted an estimate of
the proposed repairs and the energy upgrades that they are planning for the property in the amount of
$33,185, not including contingency and contractor fees.
Recommendation
Staff recommends the Council approve the attached resolution authorizing staff and the city attorney to
draft/negotiate the sales agreement to Homes Within Reach of 3757 Gettysburg Avenue North.
Attachments
• Resolution
• Repair estimate
• Homes Within Reach info
Motion by Second
I;\RFA\COMM DEV Wevelopment \Q & R - 3757 Gettvsburiz 4-9-12.doc
Jacobsen Curtis
From: Janet Lindbo [jlindbo@homeswithinreach.org]
Sent: Wednesday, April 04, 2012 2:16 PM
To: Jacobsen Curtis
Subject: 3757 Gettysburg Ave
Attachments: WHAHLT 3757 Gettysburg Ave N Estimate.pdf
Dear Curtis:
Per your request, attached is the list of estimated rehab items for the property at 3757
Gettysburg Ave North, New Hope, MN.
Sincerely,
Janet A. Lindbo
West Hennepin Affordable Housing Land Trust
dba Homes Within Reach
952-401-7071
'lindba homeswithinreachora
City of New Hope
Resolution No. 2012-62
Resolution authorizing staff and the city attorney to draft/negotiate a
purchase agreement for the sale of the 3757 Gettysburg Avenue North
(Project No. 899)
WHEREAS, the City has acquired 3757 Gettysburg Avenue North for the purpose of getting
the house rehabbed and owner occupied, and
WHEREAS, the City acquired the property using CDBG dollars and will use sales proceeds
along with additional CDBG dollars to acquire an additional home, and
WHEREAS, the Council discussed this sale at the March 19 work session and was generally
supportive if the rehab plan cost at least equaled the discount being offered on
the property, and
WHEREAS, Homes Within Reach has provided documentation related to home rehabilitation
costs that far exceed the discount being offered.
NOW, THEREFORE, BE 1T RESOLVED, by the City Council of city of New Hope, Minnesota, to
authorizes staff and the city attorney to develop a purchase/sales agreement to be presented to
Homes Within Reach for the sale of 3757 Gettysburg Avenue North..
Adopted by the City Council for the city of New Hope, Hennepin County, Minnesota, this 9th
day of April 2012.
Mayor
Attest:
City clerk
Property Evaluation Form
Address: 3757 Gettysburg Avenue North 3/1212012
Neighborhood: Northwood Terrace 2nd Addn Beds: 3 Baths: Sq. Ft:
Owner: City of New Hope Rehab Asking Price:
Foreclosure Property owned by the
Program: HWR Sale: Income or Loss: City of New Hope - purchased from
PID: 18-118-21-33-0035 the land bank
Municipality: NEW HOPE
Addition Name: NORTHWOOD TERRACE 2ND ADDN
Lot: 010
Block: 003
The following is an estimate only - based on the initial inspection of the property at 3753 Gettysburg Ave South. This is
subject to change based on further inspections, final specification and issues that develop during renovation.
Site work: Concrete work and excavation in back of the home $ 3.200
_........
OK
Fascia/Gutters; Add extensions to gutter downspouts.
$
175
Sidin Soffit/Exterior Paintin & Trlm: Scrape and repaint windows
m ows: Repair screens 35 an repair new g ass etc.front two windows in downstairs a room
(1000)
$
$
1,500
1,350
Exterior Doors:
OK
Interior Walls & Ceilings; Paint first Floor due to mosaic painting etc.
$
2,000
Interior Trim: Re lacement of 3 interior doors to bedrooms
$
500
Interior: Doors and hardware: New locks stem
$
400
Kitchen: Fix missing cabinet door. Trim around kit. window missing.
$
185
Appliances: refrigerator, stove, exhaust fan, microwave, dryer, washer,
$
3,500
Fioorin : Sand & refinish wood floors 3000) and install new baseboards f 500)
Pi um mg: suchas um on water Mea ec on system, install s u va ves, aernce i poo to
etc.
Electrical: Misc.,- Grls -interior and exterior, exhaust fens (bat rooms , Bring kitchen up to code etc. ,
cardoon dioxide and smoke detectors
$
$
$
4,500
1,200
1,500
Radon: Test and mitigation system if test measures 4 and hi her
$
1,400
HVAC: 92% efficiency rating, 14 seer AC
$
5,200
Insulation: Attic 1300), meter room walls and ceiling 250)
$
1,550
Car ent : Misc. window locks to replace (check all windows)
$
425
Structural,
3asement: Closet doors (500) in bedroom, Install handrail per code (200) , check sump - repair or
oplace if need be and install new cover, move piping to the north side of basement and out to yard
400), laundry room - new vinyl - paint concrete blocks 1200)
$
2,300
:lean house of debris
oarage: Tape firewall (400), replace two windows (700), replace garage door operators vnt ones wit
;lactric eye 300), miscellaneous - weather stripping etc. (100),
$
1,500
Blower test required
$
600
Sub Total
$
33.185
Renovation Total $ 35,674
Fee $ 5,351
Total $ 41,025
Why buy fro rii
Homes Within Reach?
You purchase the house but not the land,
reducing the cost of the home by
approximately 35-42 percent.
16 You lease the land from the West
Hennepin Affordable Housing Land Trust
for 99 years at a nominal fee. The lease
interest is inheritable and renewable for
an additional 99 years.
You can sell the home to another
household earning at or below 80%
of the area median income, or to
Homes Within Reach for a price
determined by the ground lease.
You build equity and can deduct the
mortgage interest and property tax on
your federal income tax.
IN You receive 35% of the appreciation of
the home when you sell, which can help
you purchase another home.
Piro am (widelines
You're a candidate if you meet these
overall criteria.
10 You plan to purchase a home in
western suburban Hennepin County.
11 You have a stable source or sources
of income.
Your annual household income is
less than the program income limits.
For the latest guidelines, visit gas on
the web at www.homeswithinreach.org
or call us at 952-401-7071.
About Us
Homes Within Reach is a program of the West
Hennepin Affordable Housir^ r --Ar-.-, n.._
mission is to create and prese
�. 1..
Homes
Reach- u
b
We give families the opportL
cities where they work, whic
the local workforce and estal
and enduring homeownershi
preserving affordable homes,
program maximizes the publi
and private investment beinj
made in workforce housing.
We are supported by public a
private partnerships, all join(
by the belief in transforming
people's lives through
homeownership.
Affordable omes
for
Working Families
Homes Within Reach
West Hennepin Affordable Housing land Trust
952-401-7071
952-224"2857 (fax)
www.homeswithinreach.org
C info®homeswithinreach.org
fomes
within
Rk
3
Q: Wink you don't earn We help make the drearm of
enough to buy a home? ho-meownership your dream®
A: Think again.
At Homes Within Reach, we help working
families purchase their own homes at
affordable prices.
How? Through a unique and proven program
that removes the market value of the land
from your mortgage equation., which reduces
the cost of your home by about 40 percent.
Homes Within Reach, a program of the West
Hennepin. Affordable Housing Land Trust,
is a community-based program that provides
affordable homeownership in western
suburban Hennepin County.
The program is primarily funded by local, state
and federal government; private foundations;
religious organizations; and other donors in
order to purchase single-family properties and
sell the home to qualified buyers.
Yo ur lewn 11hYe, � s us a few
steps awa
Atftnd one of our
I'nRa#lOn ine•t#11g&.
Meet 'ltFt a IDSA Offt
Submit a Homes
"'" to apply fora mortgage.
diecmds
Within Reach application.
We will direct you to sp�fic banks
Appiicatzrms are available at the
26
and loan officers that currently
Providemortgage financing JbT nur
parrot m, f - :: dam,
informawn meeting, and our
staff will guide you in
homeowner up program.
Completing all forms.
Interview at
Have an attorney
Complete the
Homes Within Reach,
review your ground lease.
closing... and moue in.
You'll meet with our staff and
resident qualification committee
When all the above steps have been
6
Approved applicants etre offered
completed and a home is selected,
you'll meet "nth an independent
50
homeownership opportunities as
they became available
attorney to ensure that all your
44b
questions regarding the ground
lease are answered
Welcome home!
Hames
within
Rh-
Trottsforming ,l�e a?yJr ,e ownerrhiF
2010"ear-I n -Review
anization's primary focus in 2010 was to sustain our
ity to serve our homeowners and communities despite the
continuing economic and credit crisis.
Fortunately, we were able to turn
Annual challenges into opportunities, and are
housing pleased to report an annual housing
production production increase of approximately
increased 12.67% over 2009.
12.67% See below for progress in key areas that
over 2009. further underscores the transformative
nature of HWR's mission.
L HWR collaborated with the City of Brooklyn Park to use the
Community Land Trust Practice in their homeownership
program. This expanded our service area to eleven
communities in western suburban Hennepin County.
Ik Thanks to the commitment and hard work of our partners,
we continued to accelerate our annual growth trend. From
2002 through 2010, we have created 8o affordable homes
for 81 families, thus serving 279 total residents in six of the
eleven HWR communities.
HWR Housing Production
Homes Sola 2002 - 2010
2010
200 3 .,._......_ ....._
9
2oo8 --;- --
2007
2006
2005
200
2003
2002
0 20 40 6o 80 1.00
Q We cost-effectively capitalized on current market
opportunities by purchasing three foreclosed properties
in 2010. We also negotiated sales for two additional
foreclosed properties (which were then purchased in 2011)
and retained three development organizations to
renovate them.
The number of families requiring
our support continues to grow.
A We increased our outreach to a greater share of workforce
families. The 2010 average median income (AMI) was
47.4% compared to 58.4% in 2009.
■ HWR broadened its fundraising capability by establishing
a Community Relations Committee to build strong strategic
relationships and integrate our fund development activities
and public relations. The committee hit the ground running
with a very successful first-ever fundraiser held in
May Of 2011.
0 HWR proactively increased its ability to develop
additional housing and financial resources by
expanding our networking plan and adding a
part time networking position.
These hard-earned achievements are the result of a total team effort by individuals,
organizations and communities. Their determination to succeed under the most demanding
conditions has created new "homes" for our tam ilies — in every sense of the word.
A Year of Challenge.
A Year of Growth.
In zoio, Homes Within Reach (HWR)
x.
celebrated its ninth year of operations.
:• During that time, we have provided unique
affordable homeownership opportunities
I to 81 working families. In addition, we are
assisting another ten families in 2011.
Robed Hamilton HWR's Community Land Trust program
WHAHLT president helped make it possible for hard working
families to purchase homes in the
communities where they currently live and work. Now, they
contribute every day as residents, consumers, employees
and taxpayers.
Today's economy continues to provide both opportunities and
challenges. We are extremely fortunate to receive continuing
funding from the local, state and federal partners. We are
We continue to maximize the public
and private investment being made in
workforce housing.
equally thankful for the financial and other support we receive
from private sources, including individual donors and local
businesses. They are recognized in the accompanying list.
2olo also marked the creation Of our Community Relations
Committee, empowered to sustain and enrich the vision and
mission of the organization through public relations and fund
development activities. The committee conducted a successful
first fundraising event in May 2011, and are implementing
further strategies to expand funding support, promote our
services and ensure Consistent community outreach.
on behalf of our families, communities, board and staff, I'd like
to thank all Of you for the time, expertise and resources you've
provided in the past year. Your commitment to our mission is
the foundation of our success.
our mission is to use the community
Land Trust model to create, sustain and
preserve affordable homeownership
opportunities for working households in
western suburban Hennepin County.
May 2011 Fundraiser Contributors
INDIVIDUALS
ORGANIZATIONS
Mr. & Mrs. 1. Allen
Barnes & Noble '
Kris Anderson
Best Buy
Elaine Bergquist
Blue Plate
JoAnna Carlson
Convention Grill
Kelly Elkin
Cooks of Crous Hill
Tarek & Ameena Elshershaby
crave Restaurant
Bill Erickson
D'Amico & Sons
Brian Ferrekkm
Dundee Nursery
Pamela Fryh ling
Edina Country Club
William Gabler
Edina Grill
Doris Gruis
Edina Landscaping
Robert Hamilton
Energy Saver
Bette Hammel
Garden by Den
John Hardy
Garden Gate
David & Elizabeth Hartwell
Heartland Payment Systems
Gene Haugland
Joseph A. Bank
Dr. Roger & Donna Hoe[
Lone Line Music, Inc.
Louise & Edward Hokenson
Mahoney, Ulbrich,
Louis F. Jacques
Christiansen, Russ, PA
Gwen Johnson
McCormick & schmick's
Barbara Jordan
Minnesota Twins -
Stephen & Robin Keller
Nordic Walking
Gregory Lang
omni Floors
Mark Lenz
Oreck Clean Home Center - Edina
Pamela Lienemann
original Pancake House
John & Janet Lindbo
Parasole Restaurants
Tim & Patti Manrinan
Premier Fencing
James Mattson
Private Design Decorating
Doug McNamara
Q Cumbers
Lorraine Michaels
Quantum Restoration
Lee Monkey
R.F. Moetler Jeweler
Len Mrachek
Sal.ut Bar & Grill
Gerald Nystuen
Schmitt Music
Stephen O'Brien
skunkmaker, LLC
Erik ollila
William Soules, Attorney
John Pagnucco
Sunnyside Gardens
Joel Papa
Tavern on France
Ann Perry
The Brass Handle
Lee Radennacher
TLC Toys
Harry Rosenbaum
Twin cities Closets
Sue Rosenbaum
UPS Store 1779
Sharon Schaschl
Warner's stellian
Terry Schneider
Westin Edina Galleria Hotel
Michael & Vicki Siskin
William Henney, Attorney
Loren & Lavonn stoakes
Williams Sonoma
Brian Sullivan
Kevin Theis
R. K Wangen
THANK YOU
Jane warren
Winnie White-Scherber
Homes
Margaret Wille
Re W
We deeply appreciate the efforts and commitment of our
2010 board of directors and funding partners.
2010 Board o f Directors
Mark Daigle
Ameena Elshershaby
Rebecca Edmondson
Robert Hamilton
Gene Haugland
Patti Marrinan
Jerry Nystuen
Joel Papa
Ann Perry
Terry Schneider
Brian Sullivan
Winnie White-Scherber
Margaret Wille
"I don't
know how
we'd have
done this
without
your help."
-- Edina homeowner
Program Funders
The following funders have made it possible to transform lives through homeownership by
providing capital and/or operating resources to HWR.
• B.C. Gamble and P.W. Skogmo Fund
of the Minneapolis Foundation
• Bremer Bank
• City of Brooklyn Park
• city of Eden Prairie
• City of Edina
• City of Golden valley
• City of Maple Grove
• City of Minnetonka
• City of New Hope
• City of Richfield
• City of St. Louis Park
• City of Wayzata
• Deephaven Cove LLC/
Steven Scott Development
• Fannie Mae MN Partnership Office
• Family Housing Fund
• Greater Twin Cities United Way
• Halley's Custom Homes
Homes Within Reach
Service Area
• Hennepin County
HOME Partnership
• Homes for All
• Interfaith Outreach and
Community Partners
• Local Initiatives Support Corporation
• McKnight Foundation
Metropolitan Council
• Minnetonka United Methodist Church
• Minnesota Housing Finance Agency
• Otto Bremer Foundation
• Ryland Homes
• St. Luke Presbyterian Church
St. Joseph the Worker Church
• United Way
• Thrivent Financial for Lutherans
• Wells Fargo Bank
ZB Companies
*.Mapk G�6Ye }� 1 �o�Y•
Nim.�nN. _,moi
names within Reath (RWR) -`—
S&VkeAres * [b.n.reim
Communities with _
Active HWR Programs _
The benefits of the Community
Land Trust program include:
• High quality homes
•
Affordable paces and financing
Attractive suburban locations
"I've been able to
create a secure life
for my family."
Minnetonka homeowner
Homes
withinE
Reach,
952-401-7071.952-224-2857 (fax)
www.honieswithinreach.org • info®homeswithinreach.org
5101 Thimsen Avenue, Suite 202 • Minnetonka, MN 55345
2010 Financials
Statement of Activities and Changes in Net Assets
Support 8 Revenue 2010 2009
Grants, Contributions $, Other Revenue $ 1,301,831 $ 1,329,364
Ground Lease Fees 22,135 23,294
Property Sales 990,000 1,322,500
Interest 1,182 788
Total Support and Revenue $ 2,315,148 $ 2,675,945
Expenses
Property Costs 1,178,432 1,510,257
Operations 161,446 143,686
Total Expenses 1,339,878 1,653,943
Increase in Net Assets S 975,270 $ 1,022,003
Statement of Financial Position as of December 31, 2010
Assets
2010
2009
Cash
$ 273,454
$ 343,925
Accounts Receivable
0
100
Prepaid Expense
5,156
7,908
Properties to be Sold
440,390
0
Equipment, Net of Depreciation
2,365
3,773
Grant Receivable
45,000
75,000
Land in Trust
6,575,850
5,640,850
Total Assets
$ 7,342,215
$ 6,071,556
Liabilities and Net Assets
Accrued Expenses $ 47,052 $ 91,185
Loans 660,264 320,742
Total Liabilities 707,316 411,927
Net Assets 6,634,899 5,659,629
Total Liabilities and Net Assets $ 7,342,215 $ 6,071,556
Support & Revenues
6o% -------
50%
o%-------5096 - __.....
4096
30%
20%-
10%
0%-10%
0%
2003 2004 2005 2006 2007 2008 2009 2010
■ Property Sales ■ Government Grants ■ Donated Land -In Kind r- other
I/
Originating Department
Community Development
: Curtis Jacobsen, Director of CD
cnT TNCTT
Request for Action
Approved for Agenda
May 14, 2012
: Kirk McDonald,
Agenda Section
vent and
Item No.
8.1
Resolution approving Purchase Agreement with West Hennepin Affordable Housing Land Trust (Homes
Within Reach) for the sale of 3757 Gettysburg Avenue North. (Project no. 899)
Requested Action
Staff requests the Council approve the attached resolution approving the purchase agreement for the sale of
3757 Gettysburg to Homes Within Reach, West Hennepin Affordable Housing Land Trust.
Policy/Past Practice
It is policy/past practice to have the Council approve all purchase agreements for the acquisition/sale of
property by the city.
Background
On April 9 the Council authorized staff and the city attorney to draft/negotiate a purchase agreement for the
sale of 3757 Gettysburg Avenue North to Homes Within Reach. The terms are for $1,000 earnest money and
$99,000 at closing, which would be scheduled on or before May 31.
Recommendation
Staff recommends approval.
Attachments
• Resolution
• Purchase Agreement
• Exhibit A (updated)
• Exhibit B
Motion by
To:
\COMM
iSecond by
W&R-3757
5-14-12.doc
City of New Hope
Resolution No. 2012- 80
Resolution approving Purchase agreement with
West Hennepin Affordable Housing Land Trust
for the sale of 3757 Gettysburg Avenue North.
(Project no. 899)
WHEREAS, the city of New Hope desires to sell 3757 Gettysburg Avenue North to West
Hennepin Affordable Land Trust, commonly referred to as Homes Within
Reach, and
WHEREAS, Homes Within Reach desires to purchase and rehabilitate the house on Gettysburg
Avenue for one of its clients, and
WHEREAS, the parties have agreed on a purchase price for the property of $100,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes the execution of
the purchase agreement and the sale of the property according to the terms therein.
Adopted by the City Council of the city of New Hope, Hennepin County, Minnesota, this 14th day
of May, 2012.
Mayor
Attest:
City Clerk
PURCHASE AGREEMENT
This Purchase Agreement is entered into effective May jq, 2012 by and between the City of
New Hope, a Minnesota municipal corporation ("Seller") and West Hennepin Affordable
Housing Land Trust, a Minnesota nonprofit corporation ("Buyer").
Seller agrees to sell and Buyer agrees to purchase the "Property" as hereinafter defined:
1. PROPERTY: The Property is commonly known as 3757 Gettysburg Avenue North,
New Hope, MN 5 542 8:
a. Real estate legally described as follows:
Lot 10, Block 3, Northwood Terrace 2nd Addition, according to the plat
thereof filed of record in the office of the Registrar of Titles, Hennepin
County, Minnesota
b. The following personal property/fixtures to the extent located at the Property: all
plants, garden bulbs, shrubs and trees, all storm windows and inserts, storm
doors, screens, curtain -traverse -drapery rods, attached lighting fixtures, plumbing
fixtures, water heater, well and pump, heating system, washer, dryer, microwave,
stove, refrigerator, fireplace grate and screen (2), one gas fireplace insert, garage
door opener with controls, electric heater in garage, carpeting and draperies
2. PURCHASE PRICE AND PAYMENT OF PURCHASE PRICE: The real property
and the personal property/fixtures identified above are hereinafter collectively referred to
as the "Property" and are sold to the Buyer for the sum of $One Hundred Thousand and
00/100 Dollars ($100,000.00), which Buyer agrees to pay in the following manner:
a. $1,000.00 as earnest money the receipt and sufficiency of which is
acknowledged;
b. $99,000.00 payable in cash at CIosing;
3. CLOSING AND POSSESSION: Closing shall be on or before June 4, 2012 and
possession shall be delivered at closing. Closing shall occur at the office of Seller's
attorney, Jensen Sondrall & Persellin, P.A. 8525 Edinbrook Crossing, Suite 201,
Brooklyn Park, MN or such other location as Buyer and Seller may agree.
4. MARKETABILITY OF TITLE AND CONVEYANCE: Subject to performance by
Buyer of its obligations under the Purchase Agreement the Seller shall evidence title in
the following manner:
a. Seller shall obtain, at Seller's expense, as soon as reasonably possible after the
full execution of this Agreement, a commitment applicable to the Real Property
and improvements thereon, for a standard Owner's policy of title insurance
including all name searches, a search for special assessments and including
legible copies of all documents referenced in Schedule B of the Commitment.
The premium for the Owners Policy and for issuance of a Lender's policy shall
be paid by Buyer. Buyer shall have fifteen (15) days from receipt of the
Commitment to review, approve or object to the status of title to the Real
Property and to review, approve or object to any matters which adversely affect
marketability of title. Any matter to which Buyer does not object in writing
within fifteen (15) days shall be deemed waived and shall be a "Permitted
Encumbrance". Seller shall have thirty (30) business days after notice of any
written objection to title to eliminate or cure the same. If Seller is unable or
unwilling to do so, Buyer, at its option, by written notice to Seller may elect to:
(a) cancel this Agreement and any the Earnest Money paid shall promptly be
refunded; or (b) accept title with the matter objected to taking the Property "as
is". Any exceptions to title Purchaser accepts or waives shall be deemed to be
Permitted Encumbrances.
b. Transfer and Condition of Title. At Closing, Seller shall convey good and
marketable and insurable fee simple title to the Real Property by a General
Warranty Deed subject only to Permitted Encumbrances and subject only to
items indicated in the Title Commitment or Buyer's title examination which have
been approved by Buyer. Tangible Personalty shall be conveyed by Bill of Sale
without warranty.
5. REAL ESTATE TAXES AND ASSESSMENTS: Real estate taxes and installments of
special assessments due and payable in the year 2012 shall be prorated between Seller
and Buyer as of the date of Closing calculated on the basis of a calendar year commenced
January 1, 2012. Real estate taxes and installments of special assessments due and
payable in the years prior to 2012 shall be paid by Seller. Buyer agrees to assume as of
the date of Closing all real estate taxes and special assessments due and payable in the
year 2013 and thereafter. Seller warrants that real estate taxes due and payable in the
year 2011 and 2012 will be non -homestead classification. Seller has disclosed and Buyer
is aware that a future assessment in the approximate amount of $-0-.00 is anticipated. The
Purchase Price and terms have taken this into consideration in setting the Purchase Price.
Seller makes no other representations concerning the amount of future real estate taxes or
special assessments.
6. SELLER REPRESENTATIONS: Seller makes the following representations limited to
his actual knowledge:
a. Buildings are entirely within the boundary line of the Property
b. There is a right of access to the Property from a public right of way.
C. That before the CIosing, payment in full will have been made for all labor,
materials, machinery, fixtures, or tools furnished within the 120 days
immediately before the Closing in connection with construction, alteration, or
repair of any structure on, or improvements to, the Property.
d. That Seller has not received any written notice from any governmental authority
as to condemnation proceedings, or violations of any law, ordinance, or
regulation.
K
e. Seller has no actual knowledge of hazardous substances or petroleum products
having been placed, stored or released from or on the Property by any person of
violation of any law.
Seller has not received any written notice from any governmental authority as to
the existence of any Dutch elm disease, oak wilt or other disease of any of the
trees on the Property.
g. Seller will remove all debris and other personal property not included in this sale
from the Property no later than possession date.
h, Seller has no actual knowledge of any wetland, flood plain or shore land
affecting the Property.
7. BUYER'S ACKNOWLEDGMENTS: Buyer makes the following acknowledgments:
a. "AS IS" Purchase. Buyer acknowledges that it is accepting the Property in its "as
is" condition except as specifically provided herein.
b. Required Rehab Im rovements on Pro e . Buyer acknowledges and agrees
Seller has discounted the purchase price of the Property in the amount of
$25,562.00 (to reflect the condition of the property). Buyer represents and
covenants with Seller that Buyer shall make certain improvements to the
Property described on Exhibit A (which is dated April 26, 2012 and attached
hereto) in the approximate amount of $26,285.00 without contractor fee and
$30,228.00 with contractor fee within 6 months from the Date of Closing. Buyer
agrees this obligation shall survive the Closing and in the event Buyer fails to
make within said 6 month period all of the improvements as stated in Exhibit A,
Buyer shall pay Seller, on demand and without the right of set off $5,000.00 as
an additional purchase price for the Property.
C. Re uired Point of Sale Inspection, Buyer acknowledges and agrees that Buyer
will not sell, lease, give or transact any change to the title to the land
or improvements on the Property without first obtaining a Certificate of Property
Maintenance from the City of New Hope per the requirements of New Hope
Code §3-32. Buyer further acknowledges and agrees a Certificate of Property
Maintenance will not be issued by the City of New Hope unless all of the
improvements set out in Exhibit A have been completed by Buyer and that this
condition and covenant shall survive the closing.
S. INSPECTION: Buyer has the right to inspect the Property prior to Closing and Buyer's
obligation to purchase the Property shall be subject to the Inspection Contingency
Addendum attached hereto as Exhibit B. Seller agrees to notify Buyer in writing
immediately if any substantive changes regarding the Property's condition occur. Buyer
acknowledges that no oral representations have been made in regard to the condition of
the Property upon which Buyer has relied. Buyer is relying solely upon the
representations of this Agreement and the Buyer's inspection of the Property pursuant,to
Exhibit B.
3
9. DEFAULT: If Buyer defaults in any of the agreements herein, Seller may terminate this
Agreement, and on such termination all payments made hereunder shall be retained by
Seller, time being of the essence hereof. This provision shall not deprive either party of
the right of enforcing the specific performance of this Agreement, provided this
Agreement is not terminated and action to enforce specific performance is commenced
within six months after such right of action arises. In the event Buyer defaults in his
performance of the terms of this Agreement, and Notice of Cancellation is served upon
the Buyer pursuant to Minn. Stat. § 559.21, the termination period shall be thirty (30)
days as permitted by Minn. Stat. § 559.21, subd. 4.
10. RISK OF LOSS: If there is any loss or damage to the Property before the date of
Closing for any reason, all risk of loss shall be on Seller. If the Property is substantially
damaged or destroyed before the date of Closing, Buyer may cancel this Agreement by
providing written notice to Seller or SeIler's agent. If Buyer cancels the Agreement, the
parties shall immediately sign a cancellation of this Agreement in confirmation, and
earnest money will be refunded to Buyer.
11. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information
about the predatory offender registry and persons registered in it under Minn, Stat.
§ 243.166 can be obtained by contacting the local law enforcement offices in the
community where the property is located, or the Minnesota Department of Corrections at
(651) 642-0200 or at its web site, www.corr.state.mn.us.
12. LEAD PAINT DISCLOSURE: Buyer acknowledges receipt of the Lead Paint
Disclosure in the form attached as Exhibit B.
13. WELL DISCLOSURE: Buyer is aware that a well is located upon the Property and
assumes responsibility to cap the well in accordance with applicable law and regulations
prior to Closing.
14. METHAMPHETAMINE DISCLOSURE: To the best of Seller's knowledge
Methamphetamine production has not occurred on the Property.
15. NOTICES: All notices required herein shall be in writing and delivered personally or
mailed as follows:
To Seller: Curtis Jacobsen
Community Development Director,
City of New Hope
4401 Xylon Avenue North
New Hope, MN 55428
763-531-5119
E -Mail: cjacobsen@ci.new-hope.mn.us
Copy to: Steven A. Sondrall
New Hope City Attorney
8525 Edinbrook Crossing
Suite 201
Brooklyn Park, MN 55443
763-201-0210
E -Mail: sas@jspattomeys.com
4
To Buyer: Janet A. Lindbo, Executive Director
West Hennepin Affordable Housing Land Trust
5101 Thimsen Ave. South, Suite 202
Minnetonka, MN 55345
952-401-7071
Copy to:
15. SEWAGE TREATMENT SYSTEM: Seller certifies there is no individual sewage
treatment system on or serving the Property. However, Seller has no knowledge of the
status of any former septic system which may have been located on the Property nor the
manner in which the same was abandoned.
16. WAIVER OF DISCLOSURES: Buyer acknowledges that the Property is being sold by
a municipal corporation and that the buyer is aware of the physical condition of the
Property. With this knowledge the Buyer hereby waives the requirement of written
disclosure contained in Minn. Stat. § 513.52-60.
1, the owner of the Property, accept this
Agreement and the sale hereby made.
SELLER: CITY OF NEW HOPE
Kirk McDonald, City Manager
I agree to purchase the Property for the price
and on the terms and conditions set forth
above.
BUYER: WEST HENNEPIN
AFF RDABLE HOUS G LAND TRUST
t A. Lindbo, Executive Director
Delivery of all papers and monies shall be made at the office of -
Steven A. Sondrall
Jensen Sondrall & Persellin, P.A.
8525 Edinbrook Crossing, Suite 201
Brooklyn Park, MN 55443
THIS IS A LEGALLY BINDING CONTRACT. IF NOT UNDERSTOOD,
SEEK LEGAL ADVICE.
PAAttorney5SASA Cliew Filu\2 City o[New Hope199-1 t363 (sale 3757 Gettys6urg)TURCHASE AGREEN%ENTd3 clea¢.doc
5
r ne rouowing is an estimate only - based on the initial inspection of the property at 3753 Gettysburg Ave South. This is
subject to change based on further inspections, gnat specification and issues that develop during renovation.
Fascia/Gutters. Add extensions to gutter downspouts. $ 175
Siding SoffiVExterior Paintin & Trim: Scrape and repaint windows $ 1,500
Windows: Repair screens (350) and reoair (new alas atr ) fmnt twA winti.,— 1n tie, .,.--
Interior Walls & Ce
Interior Trim: Repl
Interior: Doors and
Kitchen: Fix missin
Paint first floor due to
t of 3 interior doors tc
New lock systerr
door. Trim around
Flooring., Sand & refinish wood floors 3000 and install new
Plumbing: Misc., such as turn on water - check on system,
etc.
Electrical: Misc., - GFIs - interior and exterior, exhaust fans
, cardoon dioxide and smoke detectors
HVAC: 92% efficiency rating, 14 seer AC
Insulation: Attic (1300), meter room walls and ceiling 250
Carpentry: Misc. window locks to replace check all windows
Garage: Tape firewall (400), replace two windows (700), rep
electric eye (300), miscellaneous -weather stripping etc. 100
Blower test (reoulredl
Fee
up to code etc.
1
500
400
185
500
$ 1,550
garage door operators with ones with $ 425
$ 1.500
26
$ 30,228
Exhibit A
Address: 3757 Gettysburg Avenue North
4/26/2012
Neighborhood: Northwood Terrace 2nd AddnBeds: 3
Baths: Sq. Ft:
Owner: City of New Hope Rehab
Asking Price.
Program: HWR Sale:
Foreclosure Property owned by the
Income or Loss: City of New Hope - purchased from
PID: 18-118-21-33-0035
the land bank
Municipality: NEW HOPE
Addition Name: NORTHWOOD TERRACE 2ND ADDN
Lot: 010
Block: 003
r ne rouowing is an estimate only - based on the initial inspection of the property at 3753 Gettysburg Ave South. This is
subject to change based on further inspections, gnat specification and issues that develop during renovation.
Fascia/Gutters. Add extensions to gutter downspouts. $ 175
Siding SoffiVExterior Paintin & Trim: Scrape and repaint windows $ 1,500
Windows: Repair screens (350) and reoair (new alas atr ) fmnt twA winti.,— 1n tie, .,.--
Interior Walls & Ce
Interior Trim: Repl
Interior: Doors and
Kitchen: Fix missin
Paint first floor due to
t of 3 interior doors tc
New lock systerr
door. Trim around
Flooring., Sand & refinish wood floors 3000 and install new
Plumbing: Misc., such as turn on water - check on system,
etc.
Electrical: Misc., - GFIs - interior and exterior, exhaust fans
, cardoon dioxide and smoke detectors
HVAC: 92% efficiency rating, 14 seer AC
Insulation: Attic (1300), meter room walls and ceiling 250
Carpentry: Misc. window locks to replace check all windows
Garage: Tape firewall (400), replace two windows (700), rep
electric eye (300), miscellaneous -weather stripping etc. 100
Blower test (reoulredl
Fee
up to code etc.
1
500
400
185
500
$ 1,550
garage door operators with ones with $ 425
$ 1.500
26
$ 30,228
INSPECTION CONTINGENCY
ADDENDUM
This form approved by the Minnesota Association of
REALTORS®, which disclaims any liability
arising out of use or misuse of this form.
1. Date 02005 Minnesota Association of REALTORS®, Edina, MN
2. Page_lof 2
3. THE PROPERTY, IF NOT NEW, CANNOT BE EXPECTED TO BE IN NEW CONDITION.
4. ROUTINE MAINTENANCE ITEMS ARE NOT PART OFTHIS ADDENDUM.
5. Addendum to Purchase Agreement between parties, dated , 20 , pertaining to the
6. purchase and sale of the property at 3757 Gettysburg Ave., North, New Hope Minnesota
7.
8. This Purchase Agreement is contingent upon inspection(s) of the property to determine the condition and
9. performance relative to the intended function of the following checked items:
10. = Basement Electrical system Plumbing system
11 - = Ceilings Exterior 0 Roofs
12. = Central cooling system 0 Floors Walls
13. U Central heating system Foundation Windows
14. = Other (specify);
15.
16.
17.
18. F -,f -I Complete home inspection
19. Any inspection shall be done by an Inspector(s) of Buyer's choice. The Inspector(s) should be qualified to do the
20. inspection, as evidenced by a license or professional designation. Buyer shall satisfy Buyer as to the
21. qualifications of the Inspector(s).
22. Said inspection(s) shall be at the Buyer's sole expense.
23. Seller agrees to make the property reasonably available for said inspection(s).
24. Any inspection or test done by FHA, DVA or any other governmental unit shall be done and paid for in accordance
25. with the applicable regulations and are not part of this Inspection Contingency.
26. Buyer shall not have the right to do intrusive testing without the prior written authorization of Seller.
27. For purposes of this form, "intrusive testing" shall mean any testing, inspection or investigation that changes the
28. property from its original condition or otherwise damages the property.
29. Seller ❑ DOES �0 DOES NOT agree to allow Buyer to perform intrusive testing or inspections.
30. If answer is DOES, Buyer agrees that the property shall be returned to the same condition it was in prior to Buyer's
31. intrusive testing at the Buyers sole expense.
32. For the purposes of this Addendum, "business days" shall end at 11:59 p.m. and do not include
33. Saturdays, Sundays and state and federal holidays,
34. All inspection(s) shall be done within 7 business days of final acceptance of this Purchase Agreement.
35. Buyer shall have these options following inspection:
36. (1) If Buyer, or licensee representing or assisting Buyer, identifies any issues pertaining to the property resulting
37, from the inspections) and intends to negotiate the identified Issues with Seller, then Buyer, or licensee
38. representing or assisting Buyer, shall notify Seller, or licensee representing or assisting Seller, in writing,
39. describing the issues and proposed remedy, within 2 business days after all the inspection(s).
40. if Buyer, or licensee representing or assisting Buyer, notifies Seller, or licensee representing or assisting Seller,
41. of the identified issues and proposed remedy, and if within 2 business days after such notice Buyer
42. and Seller have not agreed in writing to a remedy of the identified issues, the Purchase Agreement is canceled
43, without further notice required. Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement
44. confirming said cancellation and directing all earnest money paid hereunder to be refunded to Buyer, and
45. thereafter neither party shall have any further liability to the other.
46. And/or;
47. (2) Notwithstanding any provision to the contrary or any notice given, Buyer may unilaterally waive any
48, issues, providing that Buyer, or licensee representing or assisting Buyer, notifies Seller, or licensee
49. representing or assisting Seller, of waiver in writing, within the time specified on line 41.
50. And/or;
51. (3) Notwithstanding any other provision of this Purchase Agreement, Buyer may, based on the Inspection(s),
52. declare this Purchase Agreement canceled by written notice to Seller, or licensee representing or assisting
53. Seller, within 2 business days of the inspection(s), in which case this Purchase Agreement is
54. canceled.
55. In the event Buyer declares this Purchase Agreement canceled, Buyer and Seller shallimmediately sign a
56. Cancellation of Purchase Agreement confirming said cancellation and directing all earnest money paid
57, hereunder to be refunded to Buyer.
MN:ICA-1 (8/05)
INSPECTION CONTINGENCY
ADDENDUM
58, Date
59. Page I o
60. If Buyer fails to have the inspection(s) performed within the time specified above, or does not notify Seller, or licensee
61. representing or assisting Seller, of Buyer's decision within the time specified in lines 41 and 53, then this Contingency
62, shall be deemed removed and the Purchase Agreement shall be in full force and effect.
63. Nothing herein invalidates the warranties agreed to in lines 184-185 of the Minnesota Association of REALTORS®
64. approved Purchase Agreement.
65. Seller, or licensee representing or assisting Seller, 23SHALL ❑SHALL NOT have the right to co tinue to offer the
-------(Chadr orb,} --
66. p r sale until this contingency is removed.,
67. !lam%/Z
Sellar] (DaM)
(Data)
68.
(Seas,)
�oaler (eosrorl
69. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S).
70. IFYOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL,
MN:ICA-2 (8/05)
(UMP)
WEST SPIN AFFOROABLE VMMG LAND TRUST MINNESOTA BANK & TRUST 5 ���
5101 THIMSEN AWNLIE, SUTE 202 MNaANKANDTRUST.COM
MINNETONKA, MN 55345
(952) 401-7071
75-16301910
5/15/2012
PAY TO NE <
OFFER OF
errP.,, Hope **
CRY ofNcw Hope
4401 Xylem Avenue N
New dope, MN 55428
MEMO:
....++.,..... DOLLARS
r
AUTHORIZED SIGNATURE
11000523511' 1:09L0183024016L❑0270Lml
WEST HENNEPIN AFFORDABLE HOUSING LAND TRUST
City of New Hope
MN Bank, c hed=g 3757 Gettysburg Ave. Noah, N14
5/15/2012
5235
1,000.00
11000.00
w
July 6, 2012
Mark Hendrickson
Hennepin County Department of
Community Works & Transit
701 Fourth Avenue South, #400
Minneapolis, MN 55415-1843
Re: Program Income for 3757 Gettysburg Avenue North
Dear Mr. Hendrickson:
Enclosed is a check in the amount of $92,285.07 for program income for the property at 3757
Gettysburg Avenue North. Also enclosed are the calculation sheets.
If you have any questions, please contact me at 763-531-5119.
Sincerely,
Curtis Jacobsen
Director of Community Development
Enclosures
CITY OF NEW HOPE
* � r
4401 Xylon Avenue North + New Hope, Minnesota 55428-4898 + www. ci.new-liope.mn.us
City Hall: 763-531-5100' Police (non -emergency): 763-531-5170 + Public Works: 763-592-6777 + TDD: 763-531-5109
City Hall Fax: 763-531-5136 + Police Fax: 763-531-5174 + Public Works Fax: 763-592-6776
HUD Program income Calculation Procedures
Step 1: Project Funding Sources
Complete Table 1 ( Summary of Project Funding Sources). If you can generate a report intemally with these data,
simply include the totals. Alternatively, use Table A—on the next worksheet C'Sources'5—to generate these totals.
Percent of total figures will be calculated automatically.
Step 2: Sale Related Costs
Complete Table 2 ( Summary of Sale Related Costs). If you can generate a report internally with these data,
simply include the total. Alternatively, use Table B—on the next worksheet C'Sources'�--to generate the total.
List the total sale related costs = $4,462.98
Step 3: Sale Prtae
List the selling price of the property = $100,000.00
Step 4: Total Sale Proceeds
$100,000.00 Selling price (from Step 3)
$4,462.98 minus sale related costs (from Step 2)
$95,537.02 =Total Sales Proceeds
Step 5: Calculate CDBG Program income
$95,537.02 Total sales proceeds (from Step 4)
96-6w multiplied by CDBG percent of total funding sources (from Step 1)
$92,285.07 = CDBG Program income
Ort
Originating Department
Community Development
: Curtis Jacobsen, Director of CD
MUNRO
Request for Action
Approved for Agenda
July 23, 2012
: Kirk McDonald,
Agenda Section
Consent
Item No.
M
Resolution in support of Hennepin County Housing and Redevelopment Authority (HCHRA) Resolution. No.
11-HCHRA-0009, providing Affordable Housing Incentive Funds (AHIF) to assist West Hennepin Affordable
Housing Land Trust (WHAHLT) with the remodel of 3757 Gettysburg (project no. 899)
Requested Action
Staff requests the Council approve the resolution authorizing the HCHRA provide AHIF to WHAHLT to
assist with the rehabilitation of the house at 3757 Gettysburg.
Policy/Past Practice
It is a past practice of the Council or EDA to approve the expenditure of HCHRA funds for projects within the
city of New Hope.
Background
Each year WHAHLT/Homes Within Reach makes application for AHIF funds from HCHRA. In 2011
WHAHLT was awarded $70,000 for use on two projects in suburban areas of the county. At this time
WHAHLT is requesting that up to $35,000 of this allocation be release for use on the 3757 Gettysburg
rehabilitation. Staff recommends the Council approve the resolution.
Attachments
• Resolution
• E-mail from HCHRA
Motion by
To:
—%0e
I:\RFA\COMM DEV\ Development\Q & R WHAHLT AHIF 7-23-2012.doc
Second by
City of New Hope
Resolution No.: 2012-108
Resolution in support of Hennepin County Housing and Redevelopment
Authority (HCHRA) Resolution No. 11-HCHRA-0009, providing
Affordable Housing Incentive Funds (AHIF) to assist West Hennepin
Affordable Housing Land Trust (WHAHLT) with the remodel of 3757 Gettysburg
WHEREAS, the FICHRA in Resolution No. 11-HCHRA-0009 has approved the use of a $35,000
AHIF loan for the 3757 Gettysburg Avenue North project, by WHAHLT in the city of
New Hope, contingent upon the City's consent to the HCHRA's participation in the
project, and
WHEREAS, the 3757 Gettysburg Avenue North project will increase/preserve the supply of
affordable housing in the City of New Hope by providing/preserving one unit of
single family housing; and
WHEREAS, the loan from the HCHRA will complete the financing required for the project to go
forward.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby supports the provision of AHIF
funds to WHAHLT for use on the rehabilitation of 3757 Gettysburg Avenue North in
New Fiope.
Adopted by the City Council of the city of New Hope, Hennepin County, Minnesota, this 23rd day of
July, 2012.
Al
Mayor
Attest:
City Clerk
Jacobsen Curtis
From: Carol.Stinar@co.hennepin.n-n.us
Sent: Thursday, July 12, 201210:50 AM
To: Jacobsen Curtis
Cc: Dgruis
Subject: 3757 Gettysburg Ave - City Resolution
Attachments: Resolution HRA -EDA 11.doc
Curtis,
West Hennepin Affordable Housing Land Trust (WHAHLT) has given me your name to contact about
processing a city resolution for the approval of the Hennepin County Housing and Redevelopment (HRA)
funding through the Affordable Housing Incentive Fund (AHIF) to assist WHAHLT in the purchase and
redevelopment of the property 3757 Gettyburg Ave in New Hope for affordable housing.
In order for the HRA to participate and disburse AHIF funding for a project, the county requires that we have
municipal approval and authorization via city resolution. I've attached a sample resolution that includes the
suggested language but can be modified to conform with the city's requirements and standards. The HRA
awarded $70,000 in 2011 AHIF to W:.,�AHLT for the acquisition of a minimum of two properties located in
suburban communities, which includes the Gettsyburg property. I'm not sure on the specify amount, but it
will not exceed $35,000. The city resolution will need to occur prior to WHAHLT's sale to the income
qualifying buyer, which I think is August.
Also, the HRA has recently approved an additional $100,000 in 2012 AHIF to WHAHLT for the acquisition of
an additional three properties. If you foresee a possibility that the city will partner with WHAHLT for another
AHIF property, then you may want to consider including both years of AHIF funding in one resolution so not
to repeat this process. Though you will need to include the 2012 HRA Resolution No. 12-HCHRA-0016 in the
city's resolution.
Please let me know if you have any questions about this request or if there's a different staff contact at the city
that I should be working with.
Thanks for your assistance.
Carol Stinar
Housing, Community Works & Transit
701 Fourth Avenue South - Suite 400
Minneapolis, MN 55415-1843
Office 612-348-2670 / Fax 612-348-2920
carol. stinar@co.hennepin.mn.us
P Please consider the environment before printing this e-mail.
Originating Department
Community Development
: Curtis Jacobsen, Director of CD
Request for Action
Approved for Agenda
December 12, 2011
: Kirk McDonald,
Agenda Section
nent and
Item No.
8.4
Resolution approving Purchase Agreement with the Twin Cities Community Land Bank, LLC (TCCLB) for
the acquisition of 3757 Gettysburg Avenue North
Requested Action
Staff requests the Council authorize entering into a Purchase Agreement for the acquisition of 3757
Gettysburg Avenue North from TCCLB for $123,503 (purchase price) plus associated fees out of CDBG funds
previously allocated for the city's scattered site -lousing program.
Policy/Past Practice
In the past the city has run a very successful scattered site housing program and for the last two years the
Council has allocated a portion of the city's CDBG funding for this program.
Background
The Council allocated CDBG funding in both 2010 and 2011 for the scattered site housing program. The city
has approximately $181,000 in pooled resources between the two years. Due to increasing pressure from.
Washington for CDBG funds to be spent in a shorter timeframe, Hennepin County has informed the city that
we needed to get these funds spent or at least allocated by the end of the year or risk losing the 2010 allocation
of approximately $99,000. Staff has been looking for a good quality home that could be easily rehabbed and
sold to an owner occupant, working through either Habitat or Homes Within Reach — Western Hennepin
Area Land Trust. The property at 3757 Gettysburg Avenue North came up on the First Look Program through
the Twin Cities Community Land Bank and we were able to claim the house off of that list at a discount. The
city is able to do this because of previously entering into an acquisition agreement with TCCLB in June 2010.
The purchase price after discount is $123,503. Staff and the mayor have had the opportunity to view the
property and all agree it is a great candidate for the city scattered site housing program.
Ip
Motion by Second by
I: \ RFA\ COMM DEV \ Development\ Housing \Q - R3757 Gettysburg acquisition 12-12-11.doc
Request for Action
December 12, 2011
Page 2
Funding
Funding for both acquisition and rehab will be reimbursed from CDBG funds at Hennepin County.
Recommendation
Staff recommends the Council authorized execution of the purchase agreement for 3757 Gettysburg Avenue
North by approval of the attached resolution.
Attachments
Resolution
• Point of Sale inspection
• Building photos
• Environmental Assessment Form
• Environmental/Categorically Excluded
Purchase Agreement
City of New Hope
Resolution No. 11- 179
Resolution approving Purchase Agreement
with the Twin Cities Community Land Bank, LLC (TCCLB)
for the acquisition of 3757 Gettysburg Avenue North
WHEREAS, on June 10, 2010, the city entered into an acquisition agreement
with Twin Cities Community Land Bank; and
WHEREAS, the city previously partnered with Habitat for Humanity on the
acquisition of a property through Turin Cities Community Land
Bank; and
WHEREAS, this is the most responsible way to acquire a property using public
funds due to the discounts provided through the program; and
WHEREAS, this property will be acquired using Community Development
Block Grant (CDBG) funds provided by HUD through Hennepin
County.
NOW, THEREFORE, BE 1T RESOLVED by the City Council of the city of New Hope,
Hennepin County, Minnesota that:
1. The city enter into the purchase agreement with TCCLB for the acquisition
of 3757 Gettysburg Avenue North for $123,503
2. That per the acquisition agreement with TCCLB the city is also obligated
to pay TCCLB's costs and a transaction fee of $1,500.
3. That the City Council authorizes payment of $1,000 earnest money with
the signing of the purchase agreement.
Adopted by the City Council of the city of New Hope, Hennepin County, Minnesota,
this 120, day of December, 2011.
May r
Attest: '�� �.
City Clerk
HOUSING FACT SHEET
Date & Time of Today's Inspection 12/7/11
AddreO& 3757 Gettysburg Avenue North I Year Built:
Dates of previous Code Compliance Inspections:
nr f em, r
Type of dwelling: -& Single family _ Condo Double bungalow
_Apt. l7uiIdxng.�: Split "Two -store
Rambler . �Townhome
Number of Bedrooms: Upper Level —L 2nd level 3rd level 4th level
Accessory Structure:
Private well on property:. Yes6) Seal #: Year Sealed
Ln'tial date of city water connection
Garage: Attached Detached X Dbl Sgl Year built
Original rtoof: Roof date: .�o+ o No. of layers ;_I
Fireplaces: -�- Basement Family room Living xoom Other None
asonry r metal
Finished rooms in basement: X Family room — X Legal bedrooms (#�) _ � Walk-out
Kitchen facilities
Basement bath: 6 Water closet X Lavatory '?c Fan Shower )C Window
None
Original fuxnace. Year Original water heater: Yes(
Drain the system: Ye a Discriarged outside Ye No
Comments:
0:W0fii1eslf0rtnsilnfashtslccfaatsM (3105)
Corrections for 3757 Gettysburg Avenue North
1) Repair exhaust fan in basement bathroom. $50
2) Re -install handles for vanity in basement bathroom.
3) Locate screen for left lower bedroom window. $50
4) Secure laundry tub to wall. $25
5) Secure sump cover. $10
6) Install handrail on stairs to upper level per code. $100
7) Replace missing window crank for right living room window. $30
S) Repair damaged screen in right living room window. $30
9) Repair damaged screen in 1" left bedroom window. $30
10) Repair hole in 2nd left bedroom door. $100
11) Repair hole in wall behind door of 2nd left bedroom. $50
12) Repair window lock in 2"d left bedroom. $30
13) Repair window lock of front window in 2"d left bedroom. $30
14) Repair screens in right bedroom windows. $30
15) Repair side window lock in right bedroom. $30
16) Re -secure light in main bathroom above tub area. $25
17) Re -secure top drawer of main bathroom vanity. $10
18) Repair damaged trim around window of kitchen door facing outside. $100
19) Re -install missing door for kitchen cabinet to right of sink. $75
20) Install GFI outlets in kitchen area above counter areas. $30
21) Repair cables on South garage door and re -connect door opener. $100
22) Fill all holes in house/garage wall on garage side. $10
23) Repair outside bottom window trim on left side of garage window. $75
24) Garage window has been boarded -up at time of inspection. Repair if damaged.
25) Roof snow covered at time of inspection.
26) Water off at time of inspection.
Total = $1000
Corrections for 3757 Gettysburg Avenue North
1) Repair exhaust fan in basement bathroom. �i 0
2) Re -install handles for vanity in basement bathroom.
3) Locate screen for left lower bedroom window. -SO
4) Secure laundry tub to wall. 9L -5-
5)
L -i5) Secure sump cover.--( o
6) Install handrail on stairs to upper level per code. ( oo
7) Replace missing window crank for right living room window. ,3 0
8) Repair damaged screen in right living room window.'3L->
9) Repair damaged screen in I" left bedroom window."3 o
10) Repair hole in 2nd left bedroom door. too
11) Repair hole in wall behind door of 2nd left bedroom. 5-
12)
12) Repair window lock in 2nd left bedroom.1-o
13) Repair window lock of front window in 2nd left bedroom.3 c)
14) Repair screens in right bedroom windows. `5o
15) Repair side window lock in right bedroom. --so
16) Re -secure light in main bathroom above tub area. 1�
17) Re -secure top drawer of main bathroom vanity. t 19
18) Repair damaged trim around window of kitchen door facing outside. t ��
19) Re -install missing door for kitchen cabinet to right of sink. 7�_
20) Install GFI outlets in kitchen area above counter areas. .— 30 7
21) Repair cables on South garage door and re -connect door opener. (OC)
22) Fill all holes in house/garage wall on garage side. 10
23) Repair outside bottom window trim on left side of garage window. ? S
24) Garage window has been boarded -up at time of inspection. Repair if damaged.
25) Roof snow covered at time of inspection.
26) Water off at time of inspection.
{ 000 � J
Hennepin County
Environmental Assessment Information Form
Note: Where information is in application and/or on file, and that information is current,
it is not necessary to reproduce it here.
1. Project/program name: New Hope Scattered Site Housing ReHab
2. Contact person (name, phone number and email address)
Curtis Jacobsen
763-531-5119
cjacobsen@ci.new-hope.mn.us
3. Project site location: 3757 Gettysburg Avenue North, New Hope
4. All parties having a financial stake in project: Freddie Mac (current owner)
5. Current budget (both source of funds and uses of funds): CDBG
6. Project description.
This is a housing rehabilitation project for the city of New Hope part of their
scattered site housing program and the first proposed rehab in a number of
years. City is trying to claim this house off the first look program. The house
would then be rehabbed under the direction of the city's building inspectors
and then offered for sale to families meeting low to moderate income
guidelines.
7 Alternatives considered:
The city has been watching housing units move through the foreclosure
process and determined that this house could be a good fit and a relatively
easy first project for the city's scattered site housing program.
8. Expected outcomes:
House acquired, rehabbed and sold to income qualified family.
9. Description of structure:
Simple split level home with a two car garage that is in very good shape.
10. How HUD or AHIF funding will be used:
Funding will be used to acquire and rehab the project property. A small
deferred loan may be left in place on the property to make it affordable.
11. Affordability (if appropriate):
The house will be sold only to low to moderate income qualified family, staff
from Habitat for Humanity will be consulted and will advise in this process.
12. Zoning of project site: R-1 single Family Residential
13. Anything else known about the history of or plans for the area surrounding the
site that might affect this property/project:
There is nothing particularly historical about this area of the city, there are
no known flooding issues nor any major redevelopment plans for the area
14. Traffic count: This house is on a very low traffic residential street.
15. Where there is a significant noise generator: There is no significant noise
generator in close proximity to this property.
16. Are there any known (or suspected) hazardous material generator, storage or
contamination sites nearby? There are no known hazardous materials or sites
in close proximity to this property.
17. If Phase I and/or II reports, LBP or asbestos testing reports are available, please
secure a copy. No reports are available.
18. Are there known soil instability/settlement problems at the site or nearby? NO
19. Is any demolition planned? NO. Has the property been investigated for onsite
hazardous materials, uncapped wells, etc? Has the state demolition permit been
applied for and received? NIA
19. What is your "drop dead date" for receiving environmental clearance from HUD?
If a public notice is required, the whole process takes approximately 8 weeks.
TATRE14HOUSING DEVELOPEMENIIEnvironmentallEA Info Fonn.doc
r
Hennepin County Memo
DATE: December 7, 2011
TO: Mark Hendrickson, Principal Planning Analyst
Curtis Jacobsen, Director of Community Development
FROM: Andrew G. Gillett, Principal Planning Analyst
SUBJECT: Hennepin County CDBG Program
3757 Gettysburg Avenue North, New Hope, MN 55427.
This Statutory Checklist has been prepared relative to the acquisition and rehabilitation of
the property located at 3757 Gettysburg Avenue North, New Hope, MN 55427 using the
federal CDBG Program. The site specific review has been evaluated pursuant to National
Environmental Policy Act (NEPA) requirements contained in the final rule for 24 CFR Part 58
effective May 30, 1996.
It has been determined that this project is Categorically Excluded/Converts to Exempt
from NEPA requirements under Sec. 58.35(a)(5) and Sec. 58.34(x)(12) and no
environmental impact statement or environmental assessment and finding of no significant
impact under NEPA is required.
Further, as identified in the Statutory Checklist (attached) this activity is in compliance with
other Federal environmental laws and authorities listed in Sec. 58.6.
No further environmental review is required prior to committing program funds to this
activity_
C: Project file (656)
Hennepin County Property Information
Hennepin Courf MN
MAC .US HENNEPYN COUNITY TREASURER
A600 eovernmen: Centter
Iul nneapolls y:i ! 55437- 0060
Property Tax Information
The Hennepin County Property Tax web database is updated
daily (Monday - Friday) at approximately 9:15 p.m. (CST)
Page 1 of 1
Property YD No.: 18-118-21-33-0035 HOMESTEAD
Property Address: 3757 GETTYSBURG AVE N NEW HOPE
Owner Name: CITIMORTGAGE INC
Taxpayer Name and Address: CITIMORTGAGE INC
1000 TECHNOLOGY DR
OTALLON MO 63368
2011 TAXES TAX PENALTY TOTALS
1st Half Tax (Due Date May 16) $1,502.33
2nd Half Tax (Due Date October 17) $1,502.33
Penalty $0.00
Total Payable
$3,004.66 $0.00
$3,004.66
Net Paid - YEAR TO DATE
$3,004.66 $0.00
$3,004.66
Total Due
$0.00 $0.00
$0.00
POr3operty ID No.: 18-118-21-33-
1st Half Tax Due through 12/31/2011
$0.00
Note: If you are using this page in
lieu of Hennepin County payment
2nd Half Tax Due through 12/31/2011
$0.00
stub to remit payment; after printing
the page, please check the box in
front of the payment amount that you
Total Due - 2011 Tax
$0.00
are remitting.
There are no prior year taxes due on this property.
VGI9NIflIVI�I�f�I��lY�llll��l�lVl
https:l/wwwl 6.co.hennepin.mn.us/taxpayments/taxesdue.j sp?pid=1811821330035 12/6/2011
printdetails jsp Page 1 of 1
?arcel Data for T wzas ?ayr.:Ae 2011
Property ID:
18-118-21-33-0035
Address:
3757 GETTYSBURG AVE N
Municipality:
NEW HOPE
School Dist:
281 Construction year: 1963
Watershed:
7 Approx. Parcel Size: E75X120X83X121
Sewer Dist:
01
Owner Name:
CITIMORTGAGE INC
Taxpayer Name
CITIMORTGAGE INC
& Address:
1000 TECHNOLOGY DR
Relative Homestead
OTALLON MO 63368
Sale Information
Sales prices are reported as listed on the Certificate of Real Estate Value and are not warranted to represent
arms -length transactions.
Sale Date: July, 2001
Sale Price, $195,000
Transaction Type: Warranty Deed
'a.r ?5arcel Description
Addition Name: NORTHWOOD TERRACE 2ND ADDN
Lot: 010
Block: 003
Metes & Bounds:
Abstract or Torrens: TORRENS
Val, --e and Tax Summary ?or 'Tares ?ayab:e 2011
Values Establishes by Assessor as or' ::wrduary 2, 2010
Estimated Market Value: $197,000
Taxable Market Value: $197,000
Total Improvement Amount:
Total Net Tax: $3,004.66
Total Special Assessments:
Solid Waste Fee:
Total Tax: $3,004.66
Property In7ormation Detail for ". exes 130ayable 2011
Values Established by Assessor as of ; anuary 2, 2010
Values:
Land Market
$63,000
Building Market
$134,000
Machinery Market
Total Market:
$197,000
Qualifying Improvements
Veterans Exclusion
Classifications:
Property Type
RESIDENTIAL
Homestead Status
HOMESTEAD
Relative Homestead
Agricultural
Exempt Status
h4:llwwwl6.co.hennepin.Inn.us/pins/printdetails jsp?pid=1811821330035 12/6/2011
Hennepin County Property Map Print
Page 1 of 1
Hennepin County Property Map - Tax Year: 2011
The data contained on this page is derived from a compilation of records and maps and may contain discrepancies that can only be disclosed by an accurate survey performed by a licensed
land surveyor. The perimeter and area (square footage and acres) are approximates and may contain discrepancies. The information on this page should be used for reference purposes only.
Hennepin County does not guarantee the accuracy of material herein contained and Is not responsible for any misuse or misrepresentation of this Information or Its derivatives.
:.qlll l's .6.4
l.: x
�r..... t : ':... f
Selected Parcel Data Date Printed: 12/6/20112:05:44 PM
Parcel ID: 18-118-21-33-0035 Current Parcel Date: 12/3/2011
Owner Name: CITIMORTGAGE INC
Parcel Address: 3757 GETTYSBURG AVE N, NEW HOPE, MN 55427
Property Type: RESIDENTIAL Sale Price: $195,000.00
Homestead: HOMESTEAD Sale Date: 07/2001
Area (sgft): 9495 Sale Code: WARRANTY DEED
Area (acres): 0.22
A -T -B: TORRENS
Market Total: $197,000.00
Tax Total: $3,004.66
http://gis.co.hennepin.nin.us/HCPropertyMap/Locator.aspx 12/6/2011
PURCHASE AGREEMENT
Seller:
Buyer:
Property Address:
Parcel:
Twin Cities Community Land Bank LLC
City of New Hope
3757 Gettysburg Avenue North
New Hope, Minnesota 55427
18-118-21-33-0035
Effective Date: December 14, 2011
PURCHASE AGREEMENT
THIS PURCHASE AGREEMENT ("Agreement") is made as of the 141` day of
December, 2011, by and between TWIN CITIES COMMUNITY LAND BANK LLC, a
Minnesota non-profit limited liability company ("Seller"), and THE CITY OF NEW HOPE, a
public body corporate and politic under the laws of the State of Minnesota ("Buyer").
Recitals
A. Seller is a participant in real estate owned purchase program (the "NCST
Program") of the National Community Stabilization Trust ("NCST") and an expanded property
acquisition program operated by Seller (the "TCCLB Program") that allow Seller to obtain pre-
market and targeted bulk purchase post -market access to certain foreclosed and abandoned
properties located in certain economically distressed neighborhoods in the greater Minneapolis
and St. Paul metropolitan area. Together the NCST Program and the TCCLB Program are
referred to herein as the "First Look Program."
B. Buyer wants to acquire the Property (as defined below), which property is listed
in the First Look Program and located at 3757 Gettysburg Avenue North, City of New Hope,
County of Hennepin, State of Minnesota.
C. Seller has entered into the purchase agreement attached hereto as Exhibit A (the
"Lender Purchase Agreement") to acquire the Property from the seller named therein on or
before the date set forth therein (the "First Look Purchase Closing Date"), and Buyer has agreed
to simultaneously acquire the Property from Seller on the First Look Purchase Closing Date.
D. The parties wish to define their respective rights, duties and obligations related to
the sale/purchase of the Property.
NOW, THEREFORE, in consideration of the mutual promises and the respective
agreements contained herein, the parties hereby agree as follows:
SECTION 1. PROPERTY
Seller agrees to sell and Buyer agrees to purchase that certain real property located in
Anoka County, Minnesota, Iegally described on Exhibit B attached hereto (the "Real Estate"),
together with all hereditaments, improvements, and appurtenances, including: (a) all buildings
and improvements now or hereafter constructed or Iocated on the Real Estate (the
"Improvements"), and (b) all easements, interests, rights and privileges benefiting or appurtenant
to the Real Estate including, but not limited to, all right, title and interest of Seller in, over and to
any land lying in the bed of any highway, street, road, avenue, or alley existing or proposed, in
front of or abutting or adjoining the Real Estate, and all right, title and interest of Seller in and to
any unpaid award for the taking by eminent domain of any part of the Real Estate or the
Improvements or for damage thereto by reason of a change of grade of any highway, street, road,
avenue, or alley (the "Other Interests") (the Real Estate, Improvements and Other Interests will
be collectively referred to as the "Property").
SECTION 2. PURCHASE PRICE
The purchase price for the Property shall be One Hundred Thirty Five Thousand Fifty
and 001100 Dollars ($135,050.00) (the "Purchase Price"), which is due and payable by Buyer to
Seller as follows:
(a) One Thousand and 00/100 Dollars ($1,000.00) ("Earnest Money") upon execution
of this Agreement; and
(b) The balance of the Purchase Price, subject to any adjustments in Section 7, by
certified check, bank check or wire transfer on the Closing Date (as defined in
Section 5(a)).
SECTION 3. EFFECTIVE DATE
The "Effective Date" of this Agreement is the date upon which the Seller has executed
this Agreement.
SECTION 4. EVIDENCE OF TITLE AND REMEDIES
Within a reasonable time after the date of this Agreement, Seller, at Buyer's expense, will
obtain a commitment for an owner's policy of title insurance covering the Property from Old
Republic National Title Insurance Company (the "Title Company") and provide Buyer with a
copy of the same. The commitment will include copies of all instruments shown as exceptions
or referred to therein. Buyer shall have five (5) days after receipt of the commitment for
examination thereof and the making of any objections thereto, said objections to be made in
writing to Seller within said five (5) day period or deemed to have been waived. If any
objections are made, Seller may, but shall have no obligation to, cure such objections. If Seller
fails to have cured such objections within fifteen (15) days following Buyer's notice of Buyer's
objections, Buyer may elect to do either of the following:
(a) Waive the objection; or
(b) Terminate this Agreement by delivering written notice thereof to Seller without
further obligation or claim for damages between the parties.
SECTION 5. CLOSING AND POSSESSION
(a) The closing shall occur simultaneously with the closing under the First Look
Purchase Agreement on the First Look Purchase Closing Date. The "Closing
Date" shall be the date on which the closing occurs. On the Closing Date, Seller
shall deliver marketable or insurable title to and possession of the Property to
Buyer. Subject to Section 7(h), the Closing Date may be extended by agreement
of Buyer and Seller. Any consent to an extension of the Closing Date by Seller
shall not be unreasonably withheld,
2
(b) Closing will be at the offices of the Title Company or at such other place mutually
acceptable to Buyer and Seller. At closing, Buyer shall deposit with the Title
Company sufficient funds to pay the Purchase Price, as adjusted by the Seller
Adjustments, as described in Sections 2 and 7. Buyer also shall pay the cost of
the title commitment and the premium for a title insurance policy in favor of
Buyer, all closing costs charged by the Title Company for conducting the closing
and all costs allocated to Buyer under Section 7 below.
SECTION 6. CONVEYANCE OF TITLE AND PERMITTED
ENCUMBRANCES
Seller, at its own cost and expense or by application of the funds deposited by Buyer with
the Title Company, shall deliver to the Title Company at or prior to closing a quit claim deed
(the "Deed") and such other documents as in the Title Company's reasonable opinion will, upon
the receipt, filing, recording, or registration thereof, vest in Buyer a marketable or insurable title
to the Property, together with lawful ownership of all fixtures, process utilities, or items of
immovable property located thereon or pertinent thereto, free and clear of any taxes and liens,
special and pending assessments (not assumed by Buyer), or encumbrances of any nature
whatsoever, except the following (the "Permitted Encumbrances"):
(a) Restrictions, reservations, covenants and easements of record on the Effective
Date;
(b) Building and zoning laws, ordinances, state and federal regulations;
(c) Those encumbrances set forth on Exhibit C attached hereto; and
(d) Those encumbrances otherwise acceptable to Buyer.
SECTION 7. CLOSING ADJUSTMENTS AND PRORATIONS
The following adjustments and prorations will be made at closing:
(a) Buyer shall pay all state deed tax or other taxes that must be paid in order to
record the Deed for the Property.
(b) At closing, Buyer shall pay or assume, to the extent paid or assumed by Seller
pursuant to the NCST First Look Purchase Agreement, all special assessments
levied, pending or deferred against the Property.
3
(c) At closing, Buyer shall pay or assume, to the extent paid or assumed by Seller
pursuant to the NCST First Look Purchase Agreement, all general real estate
taxes and any penalties and interest thereon due and payable with respect to the
Property in the year of closing and all years prior thereto. Seller shall not be
responsible for any amounts due, paid or to be paid after closing, including but
not limited to, any taxes, penalties or interest assessed or due as a result of
retroactive, postponed or additional taxes resulting from any change in use of, or
construction on, or improvement to the Property, or an adjustment in the
appraised value of the Property.
(d) Buyer is responsible for all real estate taxes due and payable in the year following
closing and all subsequent years thereafter, if any.
(e) Buyer shall reimburse Seller for the cost paid by Seller for an appraisal of the
Property, if any.
(f) Buyer shall reimburse Seller for (i) all actual out-of-pocket costs paid by Seller to
purchase the Property pursuant to the NCST First Look Purchase Agreement and
resell the Property to Buyer pursuant to this Agreement; such costs shall include
the closing fee, the cost of commitment for an owner's policy, the cost of
recording all documents necessary to place title to the Property in the name of
Seller, and the cost of miscellaneous items as evidenced by the closing statement
for the closing of Seller's purchase of the Property under the First Look Program,
and (ii) if the closing does not occur on the First Look Purchase Closing Date,
Buyer shall pay to Seller interest on the Purchase Price at the rate of 7 percent
from the date of advancement of the purchase price under the NCST First Look
Purchase Agreement to the date of repayment by Buyer to Seller, until the full
amount owed is recovered (the "Late Payment").
(g) Seller shall credit Buyer with adjustments/discounts received by Seller from the
foreclosing lender under the NCST First Look Purchase Agreement in an amount
equal to Eleven Thousand Five Hundred Forty Seven and 00/100 Dollars
($11,547.00) (the "Seller Adjustments").
(h) Buyer shall pay to the Seller an administrative transaction fee of One Thousand
Five Hundred and 00/100 Dollars ($1,500.00).
SECTION S. BUYER'S CONDITIONS TO CLOSING
The obligations of Buyer to consummate the transactions contemplated by this
Agreement are subject to the fulfillment of the following conditions:
(a) First Look Closing. On or before the CIosing Date, Seller has purchased the
Property pursuant to the NCST First Look Purchase Agreement and title to the
Property has been delivered to Seller.
4
(b) Performance of Seller's Obligations. From the Effective Date until the Closing
Date, Seller shall have performed all of Seller's obligations under this Agreement,
as and when required by this Agreement, and Seller shall have delivered Seller's
Closing Documents (as defined below) to Buyer in accordance with Section 9.
Any and all of the foregoing conditions, except Section 8(a), may be waived, in writing,
by Buyer. If any of the foregoing conditions are not satisfied, Buyer shall have the right to
terminate this Agreement without further obligation or claim for damages between the parties
hereto and any Earnest Money deposit will be returned to Buyer.
SECTION 9. SELLER'S CLOSING DELIVERIES
On the Closing Date, Seller shall execute and/or deliver to the Title Company, with
copies to Buyer, of the following (collectively, the "Seller's Closing Deliveries"):
(a) Deed. A Deed conveying the Property to Buyer in the manner described in
Section 6 herein.
(b) Seller's Affidavit. An affidavit duly executed by Seller indicating that to Seller's
knowledge on the Closing Date there are no outstanding unsatisfied judgments,
tax liens or bankruptcies against or involving Seller or the Property; that there has
been no skill, labor or material furnished to the Property at Seller's request for
which payment has not been made or for which mechanics' liens could be filed;
and that there are no other unrecorded interests in the Property of which Seller has
knowledge except as stated therein, together with such other certifications as may
be reasonably required by the Title Company to issue to Buyer an owner's policy
of title insurance with respect to the Property (the "Title Policy").
(c) FIRPTA Affidavit. A non -foreign entity affidavit, properly executed, containing
such information as is required by IRC Section 1445(b)(2) and its regulations.
(d) Other Documents. All other documents reasonably required by the Title
Company necessary to transfer marketable or insurable title to the Property to
Buyer free and clear of all liens and encumbrances, except the Permitted
Encumbrances.
SECTION 10. BUYER'S CLOSING DELIVERIES
On the Closing Date, Buyer will execute and/or deliver to Seller the following
(collectively, the "Buyer's Closing Deliveries"):
(a) Purchase Price. The Purchase Price, as adjusted by the Seller Adjustments, in
accordance with Sections 2 and 7.
(b) Title Documents. Such documents as may be reasonably required by Title
Company or Seller in order to complete the transactions contemplated by this
Agreement, record the Seller's Closing Deliveries and issue the Title Policy.
5
SECTION 11. PROPERTY CONVEYED "AS IS"
The Property being purchased by Buyer, including any dwelling, other improvements and
fixtures, is not new and is being purchased in its "AS IS" condition, including all defects, known
or unknown. Buyer acknowledges the Property may not be in compliance with applicable
building, zoning, health or other laws or codes, and that the Property may not be in habitable
condition. Buyer further agrees that Seller, its agents, employees, representatives and assignees
shall have no liability for any claim or losses Buyer or Buyer's successors in interest and/or
assigns may incur as a result of defects which may now or may hereafter exist with respect to the
Property, and Buyer shall defend Seller, its agents and assignees from any such claim. Buyer
understands and agrees that Seller, his or her agents or assigns, will not, prior or subsequent to
the closing, be responsible for the repair, replacement, or modification of any deficiencies,
malfunctions or mechanical defects in the material, workmanship, or mechanical components of
the structures, improvements, or land.
Buyer accepts any property interest conveyed herein "AS IS WITH ALL FAULTS" and
is not relying upon any representations or warranties or promises of any kind whatsoever,
express or implied, from Seller. ANY WARRANTIES OF PHYSICAL CONDITION OF THE
PROPERTY CONTAINED IN THIS AGREEMENT INCLUDING, BUT NOT LIMITED TO,
CENTRAL AIR-CONDITIONING, HEATING, PLUMBING, WIRING, AND CONNECTION
TO CITY SEWER AND CITY WATER ARE VOID TO THE EXTENT PERMITTED BY
LAW. This provision shall survive delivery of the Deed.
SECTION 12. OPERATION PRIOR TO CLOSING
During the period from the Effective Date to the Closing Date (the "Executory Period"),
Seller shall not execute any contracts, leases or other agreements affecting the Property, except
the NCST First Look Purchase Agreement.
SECTION 13. CONDEMNATION
In the event that Seller's interest in the Property, or any part thereof, shall have been
taken by eminent domain or shall be in the process of being taken on or before the Closing Date,
either party may terminate this Agreement and the Earnest Money deposit shall be returned to
Buyer and neither party shall have any further rights or liabilities hereunder. If Buyer does not
so terminate this Agreement, the Purchase Price will be reduced by any condemnation awards
paid to Seller prior to closing and Seller shall, at closing, assign to Buyer all of Seller's right, title
and interest in and to any award made or to be made in the condemnation proceedings.
SECTION 14. CASUALTY
In the event of fire, destruction or other casualty loss to the Property after Seller's
acceptance of this Agreement and prior to closing and funding, either Party may terminate this
Agreement and neither party shall have any further rights or liabilities hereunder except as
otherwise provided herein.
0
SECTION 15. REMEDIES
If Buyer defaults under this Agreement, Seller will have the right to terminate this
Agreement by giving written notice to Buyer or Seller will have the right to specifically enforce
this Agreement. If Seller defaults under this Agreement, Buyer will have the right to right to
terminate this Agreement by giving written notice to Seller or to seek specific performance of
this Agreement. Any action for specific performance must be commenced within sixty (60) days
after the First Look Purchase Closing Date.
SECTION 16. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER
The obligations of Seller to consummate the transaction contemplated by this Agreement
are subject to the fulfillment on or before the Closing Date of the following conditions:
(a) First Look Closing. Seller has purchased the Property pursuant to the NCST First
Look Purchase Agreement and title to the Property has been delivered to Seller
(b) Covenants and Agreements Performed. Buyer shall have performed and
complied with all covenants and agreements or conditions contained in this
Agreement and delivered all documents, required by this Agreement to be
performed, complied with or delivered to Seller.
(c) Buyer's Closing Deliveries. Seller shall have received Buyer's Closing
Deliveries as described in Section 10 of this Agreement.
If the condition in Section 16(a) is not satisfied, Seller shall have the right to terminate this
Agreement without further obligation or claim for damages between the parties hereto.
SECTION 17. BROKER'S COMMISSION
Seller and Buyer represent and warrant to each other that they have dealt with no other
brokers, finders or the Iike in connection with this Agreement. Seller and Buyer each agree to
indemnify each other and to hold each other harmless against all claims, damages, costs or
expenses of or for any other such brokerage fees or commissions resulting from their actions or
agreements regarding the execution or performance of this Agreement.
SECTION 18. NOTICES
Any notice required or permitted to be given by any party upon the other (except for any
notice given pursuant to Minnesota Statutes § 559.21) is given in accordance with this
Agreement if it is sent to the party by delivering it personally to the individuals described below,
or it is sent by United States mail, return receipt requested, postage prepaid, or it is transmitted
by telefacsimile, or it is deposited cost paid with a nationally recognized, reputable overnight
courier, properly addressed as follows:
7
If to Seller: Twin Cities Community Land Bank
615 First Avenue NE, Suite 410
Minneapolis, Minnesota 55413
Attn: Rebecca Rom
If to Buyer: The City of New Hope
4401 Xylon Avenue N
New Hope, Minnesota 55428
Attn: Curtis Jacobsen
Notices shall be deemed effective on the earlier of the date of receipt or the date of
deposit as aforesaid; provided, however, that if notice is given by deposit, then the time for
response to any notice by the other party shall commence to run one business day after any such
deposit. Any party may change its address for the service of notice by giving written notice of
such change to the other party, in any manner above specified, three days prior to the effective
date of such change.
SECTION 19. MISCELLANEOUS PROVISIONS
(a) Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns.
(b) Waiver; Modification. The failure by either party to enforce its rights hereunder
shall not constitute a waiver of said party's right to demand future performance of
the provisions hereof. No modification or extension of this Agreement shall be
binding unless in writing and signed by the parties.
(c) Time of Essence. Time is of the essence of this Agreement and each of its
provisions.
(d) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Minnesota.
(e) Assignment. This Agreement shall not be assigned by either party without the
prior written consent of the other, which consent shall not be unreasonably
withheld.
(f) Section Headings. The section headings used in this Agreement are for
convenience or reference only and shall not be deemed to vary the content of this
Agreement or its covenants, agreements, representations and warranties or limit
the provisions or scope of any section.
(g) Subsequent Documentation. Each of the parties hereto agrees to execute and
deliver to the other party, as requested, any additional documents and/or
instruments that may reasonably be determined as necessary to consummate the
transaction.
8
(h) Utilities. Buyer agrees to assume responsibility for utilities from the First Look
Purchase Closing Date. Buyer is responsible for transferring utilities into Buyer's
name. Buyer recognizes utilities may not be activated at property at time of
purchase.
SECTION 20. RIGHT OF INSPECTION
Buyer has been advised to carefully inspect the Property personally, and to obtain
inspection reports from qualified experts regarding all systems and features of the Property.
Seller hereby assigns to Buyer the rights of Seller under the NCST First Look Purchase
Agreement to enter into the Property for the purpose of performing any inspections or
investigations which Buyer reasonably may deem appropriate. Buyer shall have the right to
inspect the Property or to have it inspected by a person of Buyer's choice, at Buyer's expense.
Buyer understands that the Property will be purchased in the condition it is in at the time of the
NCST First Look Purchase Agreement. Buyer shall have the right to a walk-through review of
the Property prior to closing. Buyer shall keep the Property free and clear of liens and indemnify
and hold Seller harmless from all liability claims, demands, damages, and costs related to any
inspection conducted by Buyer, and Buyer shall repair all damage arising from or caused by
Buyer's inspections. Purchaser shall not directly or indirectly cause any inspections to be made
by any government building or zoning inspectors or government employees without prior written
consent of Seller (which consent may be withheld in Seller's sole discretion), unless required by
law, in which case, Buyer shall provide reasonable notice to Seller prior to any such inspection.
THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK
IN WITNESS WHEREOF, the parties have executed this Agreement to be effective as
of the day and year first above written:
SELLER:
TWIN CITIES COMMUNITY LAND BANK
LLC, a Minnesota non-profit limited liability
company
Rebbcca L. Rom
Its: President
10
BUYER:
CITY OF NEW HOPE, a public body corporate
and politic under the laws of the State of Minnesota
By:&a�—
Jacobsen
Its: Director of Community Development
11
EXHIBIT A to Purchase Agreement
NCST FIRST LOOK PURCHASE AGREEMENT
See attached
A-1
EXHIBIT B to Purchase Agreement
LEGAL DESCRIPTION
Property ID: 18-118-21-33-0035
LOT 10, BLOCK 3, NORTHWOOD TERRACE 2' ADDN, HENNEPIN CTY, MINNESOTA
EXHIBIT C to Purchase Agreement
PERMITTED ENCUMBRANCES
The following shall be permitted encumbrances on the title to the Property:
(a) governmental regulations, if any, affecting the use and occupancy of the Property;
(b) zoning laws of the City, County, and State;
(c) all rights in public highways upon the land;
(d) easements for public rights-of-way and public and private utilities, which do not interfere
with present improvements;
(e) reservations to the State, in trust for the taxing districts concerned, of minerals and
mineral rights in those portions of the Property the title to which may have at any time
heretofore been forfeited to the State for nonpayment of real estate taxes;
(f) the lien of unpaid special assessments, if any, not presently payable but to be paid as a
part of the annual taxes to become due; and
(g) the lien of unpaid real estate taxes, if any, not presently payable but to be paid as a part of
the annual taxes to become due.
C-1