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1987-30566 HRA RESOLUTION NO. 305 RESOLUTION AUTHORIZING CONTRACTS WITH VO-TECH AND AN AGREEMENT TO ACQUIRE STRUCTURE FROM CITY WHEREAS, the Mousing and Redevelopment Authority (HRA) acquired the real properties at 6514 Irving Avenue South and 6632 5th Avenue south, legally described as: Lot 4, Block 13, Fairwood Park 1st Addition, and Lot 9, Block 2, McCutchen's Portland Ave. Park, respectively, and; WHEREAS, a project has been proposed for each site in cooperation with South Hennepin Vocational Technical Center (Vo- Tech); and WHEREAS, a structure at 6301 Portland Ave. So. has been identified for relocation to 6514 Irving Avenue South and rehabilitation to become a 3 bedroom, one and one half bathroom home; and WHEREAS, the purchase price for the structure at 6301 Portland Ave: So. is $4,000; and WHEREAS, the contract price for the rehabilitation of the project at 6514 Irving Ave. So. will not exceed $61,057; and WHEREAS, the property at 6632 5th Ave. So. would be developed with new construction; and WHEREAS, the contract price for the new construction project at 6632-5th Ave. So. will not exceed $53,800; and WHEREAS, following completion of the rehabilitation and new construction work the properties would be sold to a first time homebuying, moderate income families. NOW, THEREFORE, 8E IT RESOLVED by the Housing and Redevelopment Authority of Richfield Minnesota that the HRA Chairperson and Executive Director are authorized to: 1. enter into a construction contract for an amount not to exceed $61,057 for the housing rehabilitation project to be completed at 6514 Irving Avenue South. 2. Enter into a construction contract for an amount not to exceed $53,800 for the new construction housing project at 6632 5th Avenue South. 3. Request the City Council to enter into an agreement to acquire the structure at 6301 Portland Avenue South for $4,000, sell the garage and backfill the excavation. Passed by the Housing Richfield, Minnesota this ATTEST: ~ .~ Jd`an Helmberger, Se etary G~' rperson L_~