1981-18Bill 1981-18
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TRANSITORY ORDINANCE NO. 16.82
AN ORDINANCE DIRECTING THE RICHFIELD
HOUSING AND REDEVELOPMENT AUTHORITY
TO DESIGNATE CERTAIN REAL PROPERTY
LIENS AS SECONDARY
City of Richfield Does Ordain:
Section 1. Statement of Policy. The City of Richfield has
from time to time loaned monies and sold real property to the
Housing and Redevelopment Authority of the City of Richfield for
the purpose of assisting it in carrying out its redevel-
opment activities within the City of Richfield; and anticipates
that it will continue to do so in the future. As a result, the
City is desirous that the Authority be able to obtain sufficient
security to assure the repayment of such loans.
Section 2. Direction to HRA. The City of Richfield requires
that, consistent with Federal law, all repayment notes and mortgage
deeds executed in favor of the Authority, involving Federal Housing
Administration Section 235 insured mortgages, be designated as
second liens which will be junior to the Federally insured mortgage
but senior to any FHA recapture note and mortgage deed.
Section 3. Transactions f~ffected. This ordinance shall be
applicable to all HRA sales on which the closings are pending as
of the effective date of this ordinance.
Passed by-the City Council of the City of Richfield, Minnesota,
this 14th day of September 1981.
ATTEST:
yl 'a Bergh, City Cl
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oriald Priebe, Mayor ~
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SUN
NEwSPA.PERS
AFFIDAVIT OF PUBLICATION
RICHFIELD SUN
9615 Lyndale Avenue South
State of Minnesota
County of Hennepin
Bloomington, Minnesota
D. K. MORTENSON, being duly sworn, on oath says he is and during all times here stated has been the
vice president and general manager of the newspaper know as The Richfield Sun and has full knowledge
of the facts herein stated as follows: (1) Said newspaper is printed in the English language in newspaper
format and in column and sheet form equivalent in printed space to at least 900 square inches. (2) Said
newspaper is a weekly and is distributed at least once every week. (3) Said newspaper has 50% of its
news columns devoted to news of local interest to the community which it purports to serve and does not
wholly duplicate any other publication and is not made up entirely of patents, plate matter and
advertisement. (4) Said newspaper is circulated in and near the municipalities which it purports to
serve, has at least 500 copies regularly delivered to paying subscribers, has an average of at least 75%
of its total circulation currently paid or no more than three months in arrears and has entry as second-
_ class matter in its local post-office (5) Said newspaper purports to serve the City of Richfield in the
County of Hennepin, and it has its known office of issue in the City of Bloomington in said county,
established and open during its regular business hours for the gathering of news, sale of advertisements
and sale of subscriptions and maintained by the managing officer of said newspaper or persons in its
employ and subject to his direction and control during all such regular business hours and devoted
exclusively during such regular business hours and at which said newspaper is printed. (6) Said
newspaper files a copy of each issue immediately with the State Historical Society. (7) Said newspaper
is made available at single or subscription prices to any person, corporation, partnership or other
unincorporated association requesting the newspaper and making the applicable payment. (It) Said
newspaper has complied with all foregoing conditions for at least one year preceding the day or dates of
publication mentioned below. (9) Said newspaper has filed with the Secretary of State of Minnesota prior
to January 1, 1966 and each January 1 thereafter and affidavit in the form prescribed by the Secretary
of State and signed by the managing officer of said newspaper and sworn to before a notary public stating
that the newspaper is a legal newspaper.
He further states on oath that the printed ~ ~• ~- Z 3 ~ • ~ ~ ~ ~ '"' ~ '~
hereto attached as a part hereof was cut from the columns of said newspaper, and was printed
and published therein in the English language, once each week, for O-ilE= successive weeks;
that it was first so published on W E= a • the t ~ day of S ~ ~ ~ • 19 ~ ~
and was thereafter printed and published on every to and including
the day of 19 and that the following is a printed copy
of the lower case alphabet from A to Z, both inclusive, and is hereby acknowledged as being the size and
kind of type used in the composition and publication of said notice, to wit:
(Official Publication)
BILL NO~. 1981-18
TRANSITORY ORDINANCE NO.
16.82
A TRANSITORY ORDINANCE
DIRECTING THE RICHFIELD
HOUSING AND
REDEVELOPMENT AUTHORITY
TO DESIGNATE CERTAIN REAL
PROPERTY LIENS AS
SECONDARY
City of Richfield Does Ordain:
Section 1. Statement of Policy. The
City of Richfield has from time to
time loaned monies and sold real
property to the Housing and Re-
development Authority of the Cny of
Richfield for the purpose o[ assisting
it in carrying out its redevelopment
activities within the City of Richfield;
and anticipates that it will continue to
do so in the future. As a result, the
city is desirous that the Authority be
able to obtain sufficient security to
assure the repayment of such loans.
Sectioh 2. Direction to HRA. The
City bf Richfield requires that, con-
sistent with Federal law, all repay-
ment notes and mortgage deeds ex-
ecuted in favor of the Authority, in-
volving Federal Housing Adminis-
tration Section 235 inured mort-
which will be uniordto the Federally
insured mortgage but senior to any
FHA recapture note and mortgage
deed.
Section 3. Transactions Effected.
This ordinance shall be applicable to
all HRA sales on which the closings
are pending as of the effective date of
this ordinance.
Passed by the City Council of the
City of Richfield, Minnesota, this 14th
day of September, 1981. '
ATTEST:
SYLVIA K. BERGH
City Clerk
(September 16, 1981)-RICH
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Subscribed and sworn to before me this ~ *` day
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~'°~"~' h1cP.lE~I:L M. i-iEDB! OM
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~~~11 •+~. j:lO7ARY GUELIC • MINNESOT,
-1~.~2~. HcNNEPIN COUNTY
My commission expires July 2, 1486
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