1979-1241
HRA RESOLUTION NO. 124
RESOLUTION AUTHORIZING RESALE
OF PROPERTY AT 7444 BRYANT AVENUE SOUTH
WHEREAS, on July 14, 1975, the City of Richfield, A4innesota,
{the "City") and the Housing and Redevelopment Authority of Richfield,
P4innesota, (the "HRA") entered into an agreement to implement the
New Home Program in order to provide moderately-priced housing for
large families; and
WHEREAS, the City has received Community Development Block
Grant funds from the United States Department of Housing and Urban
Development and allocated part of those funds for housing rehabilita-
tion efforts by the HRA; and
WHEP.EAS, on February 27, 1978, the HRA authorized the execution
of a contract with Suburban Hennepin County Area Vocational-Technical
Schools (the "Vo-Tech") for the substantial rehabilitation of the
property located-at 7444 Bryant Avenue South and~on that same date
the HRA authorized the acquisition of the above-noted property
for this purpose; and
WHEREAS, on July 18, 1979', this property will be inspected
by the city and the HRA to determine that the work.performed by
the Vo-Tech is fully completed in conformance with the executed
contract and with applicable laws, codes, and ordinances; and
WHEREAS, it will then be deemed desirable to resell the
property at 7444 Bryant Avenue South;
NOW, THEREFORE, BE IT RESOLVED, that the Housing and RedeveIop-
ment Authority of Richfield, P!iinnesota, authorize the offering for
sale of the property at 7444 Bryant Avenue South to a moderate-
income family for a purchase-price of $52,800 with any sales
agreement to be submitted to the HRA far final approval; and
BE IT FURTHER RESOLVED, that upon the completion of the resale,
and upon the completion of a satisfactory inspection by the City
and the HRA; Sub-urban Hennepin County Area Vocational Technical
Centers be paid $3.2,578 as General Contractor for the remode-ling
of the above-noted property and that the remaining proceeds be
deposited into the Rehabilitation Program fund.
Passed this 9th day of
ATTEST:
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V. L. Lue ti er
cre~ary