10-1071rHRA RESOLUTION NO. 1071
RESOLUTION ESTABLISHING APPLICATION AND PROCESSING FEES FOR
RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY PROGRAMS
WHEREAS, the City of Richfield Housing and Redevelopment Authority ("HRA"),
Richfield, Minnesota, administers various grant and loan programs designed to improve
the City's housing stock and provide a range of housing opportunities; and
WHEREAS, the HRA incurs costs directly related to the administration of these
programs; and
WHEREAS, in an effort to ensure continued operation of these programs, the
HRA desires to recoup a portion of the administrative costs;
NOW, THEREFORE BE IT RESOLVED that the HRA shall implement the
following application and processing fees as indicated:
• Transformation Homes Loan ,program: $350 application fee, plus actual
filing fees;
• Richfield Rediscovered Direct-Subsidy program: $525 application fee,
plus actual filing fees;
• Richfield Rediscovered Vacant Lot program: $250 application fee, plus
actual filing fees;
• Foreclosure Purchase Incentive Program: $150 application fee, plus
actual filing fees; and
• Subordination Requests: $125 application fee, plus an additional $25 fee
for subsequent administrative change requests.
Adopted by the Richfield Housing and Redevelopment Authority of the City of
Richfield, Minnesota this 19th day of April, 2010.
wvv~--
Su ` ne M. Sandahl, Chair
ATTEST:
L
f oan Helmberger, Secretary