1989-368130
RESOLUTION NO. 368
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING MODIFICATIONS TO THE
RICHFIELD VOLUNTARY ACQUISITION PROGRAM GUIDELINES
WHEREAS, the Richfield Housing and Redevelopment Authority
(HRA) provides a Voluntary Acquisition Program which utilizes
CDHG funds to purchase and clear substandard dwellings; and
WHEREAS, the program is administered in accordance with the
Richfield Voluntary Acquisition Procedural Guidelines; and
WHEREAS, these guidelines ere based on criteria established
by Hennepin County and HUD; and
WHEREAS, the program guidelines are modified periodically to
reflect program needs and changes in Hennepin County and HUD
criteria; and
WHEREAS, Hennepin County and HUD have recommended
modifications to the procedural guidelines and those
modifications have been prepared by staff and reviewed by the
HRA.
1. The fair market value/purchase price will be determined by
an independent appraisal and/or the County Assessor.
2. Prior to signing the purchase agreement, the seller will
be informed in writing of the purchase price, determination
of the purchase price, that the HRA will not acquire the
property if negotiations fail, and information clearly
describing the relocation benefits which the seller has
agreed to waive.
3. Prior to demolition, the fair market rent for each property
will be determined and required information provided to
Hennepin County if that rent is estimated below the Richfield
Section 8 Fair Market Rent Schedule.
NOW, THEREFORE, BE iT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield,
Minnesota, that the Executive Director is authorized to modify
the Richfield Voluntary Acquisition Guidelines as described
herein.
Passed by the Housing and Redevelo ment Authority of
Richfield, Minnesota this 18th day ecember, 1989.
omas E. Harms, Chairperson
ATTEST:
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oan Helmberger, Se etary