16-1236r HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD,MINNESOTA
RESOLUTION NO. 1236
RESOLUTION APPROVING FIRST AMENDMENT TO CONTRACT FOR PRIVATE
DEVELOPMENT WITH ENDRES CUSTOM HOMES,INC.
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota
(the"Authority"),entered into a Contract for Private Development,dated July 18,2016(the"Contract"),with
Endres Custom Homes, Inc. (the "Developer"), pursuant to which the Developer agreed to purchase certain
real property located at 7333 Emerson Avenue South from the Authority and construct a single family home
on the property;and
WHEREAS, an Amendment to Contract for Private Development (the "Amendment") has been
presented to the Board of the Authority which amends the minimum market value required for the single
family home to be constructed on the property;and
WHEREAS, the Board has reviewed the Amendment and fmds that the execution thereof by the
Authority and the performance of the Authority's obligations thereunder are in the best interest of the City
and its residents;and
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Housing and
Redevelopment Authority in and for the City of Richfield,Minnesota as follows:
1. The Amendment is hereby in all respects authorized, approved, and confirmed, and the
Chairperson and the Executive Directed are hereby authorized and directed to execute the Amendment for
and on behalf of the Authority in substantially the form now on file with the Community Development
Director but with such modifications as shall be deemed necessary, desirable, or appropriate, the execution
thereof o constitute conclusive evidence of their approval of any and all modifications therein.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota
this 15th day of August,2016.
Mary Sup le,Chair
ATTEST:
Doris Rubenstein, Secretary
484494v1 JAE RC125-351