1991-420182
RESOLUTION NO. 420
THE HOUSING AND REDEVELOPMENT- AUTHORITY
IN AND FOR THE .CITY OF RICHFIELD
RESOLUTION AUTHORIZING CONTRACT WITH
VO-TECH
WHEREAS, the Housing and Redevelopment Authority (HRA) has
acquired the real property at 6318 Nicollet Avenue, legally
described as:
Lot 4, Block 8, "Nicollet Homes Addition; and
1
WHEREAS, a project has been proposed for this site in
cooperation with South Hennepin Vocational Technical Center (Vo-
Tech); and
WHEREAS, the contract price for the rehabilitation of the
pr~,~ect will not exceed $38,761; and
WHEREAS, in resolution number 415, from April 15, 1991, the
HRA made funds available for rehabilitation from the Expanded New
Home Program for the project; and
WHEREAS, additional funding is available from the proceeds of
sale, Expanded New Home Program and possibly the Federal Home
Loan Bank; and
WHEREAS, following completion of the rehabilitation work, the
property will be sold to a first time homebuying, moderate income
family.
NOW, THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment Authority of Richfield, Minnesota that the HRA
Chairperson and Executive~Director are authorized to:
Enter into a construction contract for an amount of
$38,761 for the rehabilitation project funded as indicated.
Passed by the Housing and Redevelopm t Authority of
Richfield, Minnesota this 17th day of e, 1991.
E. Harms, Chairperson
AT ST:
an Helmberger, ecretary