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03-886r 60 HRA RESOLUTION NO. 886 RESOLUTION AUTHORIZING EXECUTION OF A CONTRACT WITH PROJECT FOR PRIDE IN LIVING FOR THE REHABILITATION OF 6945 CLINTON AVENUE WHEREAS, the City of Richfield has authorized the purchase the property at 6945 Clinton Avenue by voluntary acquisition, to convey it to the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) for the purpose of rehabilitation and sale, said real property being legally described as Lot 9, Block 3, D.L. Tate's Addition, and whose street address is 6945 Clinton Avenue South; and WHEREAS, the HRA determines, as allowed in MN Statutes 469.015 Subd 4, that holding a public bidding process is not financially prudent because the cost for advertising, staff time, and developer overhead would make the project more expensive; and WHEREAS, a project has been proposed as a cooperative effort between the HRA and Project for Pride in Living (PPL); and WHEREAS, the property at 6945 Clinton Avenue would be rehabilitated and improved; and WHEREAS, the cost for rehabilitating and improving the property in accordance with the contract is not to exceed $158,950; and WHEREAS, following completion of construction, the property will be sold to a low to moderate income, first-time buying family. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota that the Chairperson and Executive Director are authorized to enter into a Construction Agreement with PPL for a contract not to exceed $158,950 for the rehabilitation and improvement of the property at 6945 Clinton Avenue. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 18th day of February 2003. :1 /:(1' I . / : / / ~ ;./ .../1 ~~ Thomas E. Harms, Chair ATTEST: