1989-371133
HRA RESOLUTION NO. 371
RESOLUTION AUTHORZZING SALE OF PROPERTY AT
' 6840 HUMBOLDT AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority (HRA), owns
certain real property located at 6840 Humboldt Avenue South,
legally described as:
Lot 9, Block 2
Wood Lake Highlands, Hennepin County
WHEREAS, the HRA acquired the property so that the South
Hennepin Vocational Technical College (Vo-Tech) could construct a
new single family home at 6840 Humboldt Avenue South, to be sold
by the HRA to a moderate income family; and
WHEREAS, construction work is nearing completion; and
WHEREAS, the Ewing and Carol Taylor family has been
identified as qualified purchasers for 6840 Humboldt Avenue
South; and
WHEREAS, the conditions of sale include a total sales price
of 595,000, a first mortgage of $70,000 payable to the lender, a
second lien of 520,000 payable to the HRA, and a 55,000
downpayment; and .
WHEREAS, the sale of 6840 Humboldt Avenue South may be
authorized by the HRA following a public hearing which considers
the disposition of the property; and
WHEREAS, that hearing-has been held following proper
publication of notice.
NOW, 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 and other required
documents so that the disposition of HRA owned property at 6840
Humboldt Avenue South occurs as presented herein.
Passed by the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota th 8th day of December, 1989.
Thomas E. Harms, Chair
ATTEST:
an Helmberger, Secre ary