Agenda - Council - 12/12/2000 - Laserfiche WebLink

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EXHIBIT F RAMSEY TOWNHOME NEIGHBORHOOD DEVELOPMENY AGR~EMENY . Developer: City: . Development: Partnership: Anoka County Community Action Program, Inc. (ACCAP) Ramsey Ramsey Townhomes A Minnesota limited partnership formed to own the Development For consideration heretofore acknowledged the Developer agrees as follows: Development: D1. The development will consist of no more than 28 townhome units. D2. The units will be developed at an approximate cost of $140,000 per unit. D3. ACCAP will construct a play area onsite at a cost of at least $30,000. D4. The Developer consents to the use Of a PUD. Manaqement Commitments: M1. No more than 25% of the two and three bedroom units will be occupied by very Iow ncome families, defined as having incomes at or below the poverty level for their family size. M2. ACCAP will screen all applicants. Any applicants found to have serious criminal records (a crime that is recent or repeated or relevant to the property and safety concerns of the residents of the City) will not be accepted. Any residents that commit serious criminal acts while residents wilt be evicted. ACCAP's screening will also look for other potential problems, and we will not accept applicants that have previous behavioral and non-financial lease violations that would affect their likely compliance with our lease rules. M3. ACCAP will participate in ongoing neighborhood meetings that are intended to involve the neighborhood and residents in the management of the Development and resolve any problems. M4. ACCAP will respond to neighborhood concerns and iSsues raiSed about. residents of the Ramsey Townhomes. ACCAP will resolve such concerns, if necessary, through the timely eviction of residents. M5. ACCAP will be responsible for the exterior maintenance of the Ramsey Townhomes: trash removal, all landscaping, litter, junk and unlicenced vehicles, etc. ACCAP will inspect the interior of each unit at least once a year and correct any maintenance and housekeeping problems in a timely manner. M6. ACCAP will employ a manager that will live onsite (resident manager). The Developer agrees that if the Devel~)'per is not complying with the Management Commitments outlined above and as otherwise agreed to by the Developer and the City, the-City has the right to replace the Developer as the property manager of the Development with another professional property manager subject to the approval of the loan and equity partners of the Partnership and at the same management fee that ACCAP is charging the Partnership. The process for said replacement will be as follows: City staff shall conduct a review and if advisable will refer the matter to a committee consisting of a City staff person, a City police officer, and a representative from ACCAP. A majority vote of the committee shall result in a determination to search for and select a replacement property manager. The committee shall select by majority vote a replacement property manager that will be recommended to the lenders and equity partner of the pa~nership and unless objected to in writing shall replace the Developer as property manager. -205-