1991-425187
HRA RESOLUTION N0. 425
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO THE ISSUANCE
OF COMPLETION CERTIFICATES FOR
EXPANDED NEW HOME PROPERTIES AT
7223 AND 7145 JAMES, 1020 AND 1016
MILDRED DRIVE, 6425 15TH AND 7320 5TH
AVENUES
WHEREAS, on September 17, 1990, the Richfield Housing and
Redevelopment Authority (HRA) and Marv Anderson Homes, Inc.
entered into contracts for construction of single family homes;
and
WHEREAS, the homes are located at 7223 James Avenue, 7145
James Avenue, 1020 Mildred Drive, 1016 Mildred Drive, 6425 15th
Avenue and 7320 5th Avenue; and
WHEREAS, the construction agreements required the
construction of homes and upon completion, the issuance of a
Completion Certificate and the release of performance security;
and
WHEREAS, staff has verified by visual inspection that
construction is completed and that performance security in the
amount of $111,277 can be released.
NOW, THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield that:
1) A Completion Certificate be issued for the following
properties; 7223 James Avenue, 7145 James Avenue, 1020
Mildred Drive, 1016 Mildred Drive, 6425 15th Avenue and
7320 5th Avenue.
2. The Letter of Credit performance security be released.
Passed by the Housing and Redevelopment Authority of
Richfield this 15th day of July, 1991.
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Thomas E. Harms, Chairperson
ATTEST:
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J ~n Helmberger, Sec tary