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1981-17956 HRA RESOLUTION NO. 179 A Resolution Authorizing a Joint Housing Rehabilitation Project with the South Hennepin Vocational-Technical School and Authorizing the Acquisition of Property at 6244 16th Avenue South and - 6413 22nd Avenue South - WHEREAS, the City of Richfield owns certain property located at 6244 16th Avenue South and 6413 22nd Avenue South, said property being legally described as follows, respectively: Lot l3, Block 9, Girard's Parkview Addition Lot 4, Block 13, New Ford Town Addition, -_ ..Caunty•of Hennepin; and - WHEREAS, the property at 6244 16th Avenue South has been acquired by the city and it is recommended the existing structure be removed; and WHEREAS, the vacant lot at 6413 22nd Avenue South is avail- able as a relocation site; and WHEREAS, the Housing and Redevelopment Authority of Richfield (HRA) does acquire, relocate, and rehabilitate structures with the cooperation of the area vocational technical school; and WHEREAS, the HRA desires to acquire the structure at 6244 16th Avenue•South, to relocate it to 6413 22nd Avenue South, to • rehabilitate it in cooperation with the Suburban Hennepin County Vocational-Technical Schools, and to sell the home to a moderate income family ut~ilizi.ng the FHA Section 235 program; and WHEREAS, to initiate this activity, the HRA will have to execute a contract with the Vocational-Technical School and acquire ownership of the structure and title to the lot at 6413 22nd Avenue; and WHEREAS, the cost of acquiring the structure and lot will be equal to the amount of funds that remain after subtracting the HRA program costs from the sale price of the rehabilitated house;- and WHEREAS, according to the FHA Section 235 program, the sale of the rehabilitated property should not exceed $52,800. NO6V THEREFORE, BE IT RESOLVED BY THE ROUSING AND REDEVELOPMENT AUTHORITY OF RICHFIELD, MINNESOTA: 1. that the contract for rehabilitation of a house at G413 2"2nd Avenue South by the South Iennepin Vocational-Technical School can be executed. 2. that the Executive Director is to execute the purchase of the 16th Avenue South from the cit~ 3. that the Executive Director is to execute the purchase of the Avenue South. granted authority structure at 6244 Y- granted authority lot at 6413 22nd Passed by the Housing and Redevelopment Authority of Richfield this 19th day of October, 1981. omas E. Harms, Chairman ATTEST: c Michael Freeman, Secretary 1