1988-341103
HRA RESOLUTION N0. 341
RESOLUTION AUTHORIZING SALE OF PROPERTY AT
6514 IRVING AVENUE
MHEREAS, the Housing and Redevelopment Authority (HRA), owns
certain real property located at 6514 Irving Avenue and legally
described as:
Lot 4, Block 13
Fairwood Park 1st Addition, Hennepin County
MHEREAS, the HRA acquired the property so that the South
Hennepin Vocational Technical Center (Vo-Tech) could rehabilitate
a single family structure at the site to be sold by the HRA to
moderate income families; and
MHEREAS, construction work is nearing completion; and
MHEREAS, the James and Julie Miller family has been
identified as qualified purchasers; and
MHEREAS, the conditions of sale include a total sales price
of $92,800, a first mortgage of $64,000 payable to the lender, a
second lien of $23,800 payable to the HRA, and a $5000
downpayment; and
MHEREAS, the sale must be authorized by the HRA following
public hearing on the proposed disposition of the property.
NOM, THEREFORE BE IT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield,
Minnesota that the HRA Chairperson and Executive Director are
authorized to execute the purchase agreement for the disposition
of HRA owned property at 6514 Irving Avenue.
Passed by the Housing and Redev,~'gpment Authority in and for
the City of Richfield, Minnesota t'h' 5th day ofd O~'cember, 1988.
T omas E. Harms, Chairman
ATTEST:
Jo n Helmberger, Sec a ary ~.`-