1992-44414
HRA RESOLUTION N0. 444
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO VO-TECH AGREEMENT FOR
6501 15TH AVENUE
WHEREAS, on November 18, 1991, the HRA authorized the
purchase of 6501 15th Avenue, legally described as:
Lot 24, Block 5, Nokomis Gardens Rearrangement of Blocks
1, 2, 3, 4, and 5, Girard Parkview Addn.
from the owner Barry Burda for $50,000; and
WHEREAS, HUD CDBG funds have been authorized for this
acquisition; and
WHEREAS, a change in HUD rules has required that the City,
rather than the HRA, initially purchase the property with a
subsequent sale to the HRA; and
WHEREAS, the City authorized purchase of the property on
March 9, 1992; and
WHEREAS, the City and HRA must enter into a purchase
agreement in the amount of 51.00 for the City to sell the
property to the HRA; and
WHEREAS, a project has been proposed as a cooperative effort
between the HRA and South Hennepin Vocational Technical College
(Vo-Tech); and
WHEREAS, the property at 6501 15th Avenue would be developed
with a new single family home; and
WHEREAS, the construction Agreement price for the new
construction project will not exceed $64,936; and
WHEREAS, following completion of the new construction work,
the property will be sold to a first time home buying, moderate
income family.
WHEREAS, Vo-Tech contract authorization by the HRA is
contingent on the property being purchased by the City and
transferred to the HRA.
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HRA Resolution No. 444
Page 2
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:
(1) Enter into a purchase agreement to acquire 6501 15th Avenue
from the City;
(2) Enter into a construction agreement with Vo-Tech for an
amount not to exceed $64,936, for the new construction
project at 6501 15th Avenue South.
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield, Minnesota this 16th day of March,
1992.
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Thomas E. Harms, Chairperson
ATTEST:
'~~
oan Helmberger, S~ cretary
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