1986-29354
HRA RESOLUTION N0. 293
RESOLUTION AUTHORIZING THE ISSUANCE OF
CERTIFICATES OF COMPLETION
FOR 66TH STREET/RAE DRIVE HOUSING
WHEREAS, the Housing and Redevelopment Authority (HRA) in
and for the City of Richfield has considered the status of the
66th Street/Rae Drive Housing Development; and
WHEREAS, it has been determined that the developer has
substantially complied with the development agreement in the
construction of the eight townhouse units; and
WHEREAS, all eight units are near completion; and
WHEREAS, qualified buyers have been identified for six of
the eight units and the lender has scheduled closings; and
WHEREAS, marketing efforts should soon identify the
remaining buyers; and
WHEREAS, the HRA is required by the development agreement to
provide Certificates of Completion and other supporting documents
in advance of total project completion, to facilitate the sale of
individual units and the timely completion of the entire project;
and
WHEREAS, the Certificates of Completion would be released
given the following conditions:
-Requirements of~the Development Agreement are met;'
-A Certificate of Occupancy is provided by the City Building
Official;~~
-The retaining wall at 921 Rae Drive is repaired;
-A properly sized and located tree is provided at 915 Rae
Drive
NOW, THEREFORE, BE IT RESOLVED, by the Housing and~-
Redevelopment Authority in and for the City of Richfield,
Minnesota:
That the Chairperson and Executive Director are authorized
to execute the Certificate of Completion-Partial and Certificate
of Completion-Final and other supporting documents to facilitate
the closing of individual units.
Passed by the Housing and Redevelopment Authority in and for
the City of Richfield this 20th day o ctober, 198 .
r
~~(~%~ ~;
homas E. Harms, Chairperson
ATTEST:
_. ~
Joa Helmbe ger, Secreta y