10-21 HRA Resolution No. 1342 HRA RESOLUTION NO. 1342
RESOLUTION APPROVING FIRST AMENDMENT TO CONTRACT FOR PRIVATE
DEVELOPMENT WITH TWIN CITIES HABITAT FOR HUMANITY, 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 May 20, 2019 (the "Contract"), with Twin Cities Habitat for Humanity, Inc., (the
"Developer"), pursuant to which the Developer agreed to purchase certain real
property located at 6310 Irving Avenue South from the Authority and construct a 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 provides
a subsidy from the Authority to the Developer to offset additional costs incurred
by asbestos abatement; and
WHEREAS, the Authority and the Developer propose to amend certain terms
of the Original Agreement, including but not limited to extending the closing date,
commencement date for construction, and completion date for the Minimum
Improvements; and
WHEREAS, the Board has reviewed the Amendment and finds 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 Housing and Redevelopment
Authority in and for the City of Richfield:
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 21st day of October, 2019.
Mary B. Stipple, Chair
ATTEST:
t.
Erin Vrieze Daniels, Secretary