1982-19168
HRP, RESOLUTION NO. 191
RESOLUTION AUTHORIZING SALE OF PROPERTY
,~ AT 6413 22ND AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority of
Richfield, Minnesota, (hereinafter referred to as the HRA)
owns certain real property located at 6413 22nd Avenue
South, said property legally described as follows:
Lot 13, Block 4
New Ford Town Addition
Hennepin County; and
WHEREAS, the property was acquired by the HRA from the
city so that the South Hennepin Vocational Technical Center
could relocate and rehabilitate a house on the site and
subsequently sell the home to a moderate income family
utilizing the FHA Section 235 program; and
WHEREAS, the Department of Housing and Urban Develop-
ment has required that a firm commitment be secured for
FHA Section 235 no later than March 31, 1982; and
WHEREAS, as the. result of a lottery and in cooperation
with the lender, qualified purchasers for 6413 22nd Avenue
South have been assigned a position establishing eligibility
for purchase as follows:
John and Lauri McCune,
Terry and Noel Hanson; .and
WHEREAS, a purchase agreement has been executed with
the first ranked family, John and Lauri McCune, to allow
FHA evaluation for an FHA Section 235 mortgage; and
WHEREAS, the conditions of sale include~a sale price of
$55,000, a mortgage amount of $50,000, and provisions for
second and third mortgages by the HRA and~the Department of
Housing and Urban Development (HUD) respectively; and
WHEREAS, if the McCune family is found riot to be qualified,
the alternate purchaser will be considered and qualified as
established above; and
WHEREAS, the purchaser will also be subject to any require-
ments imposed by HUD or FHA; and
WHEREAS, the HRA has completed a public hearing on the
proposed disposition of 6413 22nd Avenue South.
NOW,- THEREFORE, BE IT RESOLVED BY THE HOUSING AND
REDEVELOPMENT AUTHORITY OF RICHFIELD, MINNESOTAs
1) that the property located at 6413 22nd Avenue South
cam be sold in accordance with the conditions of sale;
2) that the Executive Director is authorized to execute
a purchase agreement; and
3) that the Executive Director and staff are authorized
to take such steps that may be necessary to effectuate this
resolution and any sales agreement.
Sassed by the Housing and Redevelopment Authority of
Richfield this 15th day of March,, 1982.
mas E. Harms, Chairman
Michael Freeman, Secretary
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