1990-401163
HRA RESOLUTION N0. 401
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO VO-TECH AGREEMENT FOR
7528 COLFAX AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority (HRA)
acquired the real property at 7528 Colfax Avenue South, legally
described as:
Lot 8 and 5.3' of Lot 7, Hlock 22, Irwin Shores
WHEREAS, a project has been proposed in cooperation with
South Hennepin Vocational Technical Center (Vo-Tech); and
WHEREAS, the property at 7528 Colfax Avenue South would be
developed with new construction; and
WHEREAS, the Agreement price for the new construction
project will not exceed 561,507; and
WHEREAS, following completion of the new construction work,
the property will be sold to a first time home buying, moderate
income family.
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 enter into a construction agreement for an amount
not to exceed 561,507 for the new construction project at 7528
Colfax Avenue South.
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield, Minnesota thi 19th day of November,
1990.
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~ Thomas E. Harms, Chairperson
ATTEST:
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Joan Helmberger, Secre ary
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