1989-347109
i~
HRA RESOLUTION N0. 347
RESOLUTION AUTHORIZING SALE OF PROPERTY AT
6632 5TH AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority (HRA), owns
certain real property located at 6632 5th Avenue South, legally
described as:
Lot 9, Block 2 '
McCutchan's Portland Avenue Park, Hennepin County
WHEREAS, the HRA acquired the property so that the South
Hennepin Vocational Technical Center (Vo-Tech) could construct a
new single family home at 6632 5th Avenue South, to be sold by
the HRA to a moderate income family; and
WHEREAS, construction work is nearing completion; and
WHEREAS, the Keith and Meridith Henderson family has been
identified as qualified purchasers for 6632 5th Avenue South; and
WHEREAS, the conditions of sale include a
of $83,800, a first mortgage of $62,000 payable
second lien of $16,800 payable to the HRA, and
downpayment; and
1
WHEREAS, the sale of 6632 5th Avenue Sout
authorized by the HRA following public hearing
disposition of the property; and
total sales price
to the lender, a
a 55000
h must be
on the proposed
WHEREAS, that hearing has been held following proper
publication of notice.
NOW, THEREFORE HE 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 and other required
documents so that the disposition of HRA owned property at 6632
5th Avenue South occurs as presented herein.
Passed by the Housing and Redev ~ merit authority in and for
the City of Richfield, Minnesota th,sf Y~7/t/h day f pr 1, 1989.
~~ ~~
omas E. Harms, Chairman
ATTEST:
J an Helmb rger, Sec tart'