1991-430192
RESOLUTION NO. 430
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT
7101 FIRST AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority (HRA), owns
certain real property located at 7101 First Avenue South, legally
described as:
Lot 24, Block 1, Sheldon Blair's Wooddale Fourth Addition
WHEREAS, the HRA acquired the property so that the South
Hennepin Vocational Technical College (Vo-Tech) could construct a
new single family home at 7101 First Avenue, to be sold by the
HRA to a moderate income family; and
WHEREAS, construction work 3s nearing completion; and
WHEREAS, the Scott family has been identified as qualified
purchasers £or 7101 First Avenue; and
WHEREAS, the conditions of sale include a total sales price
of $84,000, a first mortgage of $73,150 payable to the lender, a
lien of $7,000 payable to the HRA, and a $3,850 downpayment; and
WHEREAS, the sale of 7101 First Avenue 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 7101
First Avenue occurs as presented herein.
Passed by the Housing and Redevelopment Authorit in and for
the City of Richfield, Minnesota th th day of Se ember,
1991.
homas E. Harms, Ch r
ATTEST:
Jo' n Helmberger, Secre ry