1993-46939
RESOLUTION NO. 469
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO VO-TECH AGREEMENT FOR
6634 FOURTH AVENUE
WHEREAS, on November 16, 1992, the HRA authorized the
purchase of 6634 Fourth Avenue, legally described as:
Lot 9, Block 3, McCutchan's Portland Avenue Park; and
WHEREAS, HUD CDBG funds have been authorized for this
acquisition; and
WHEREAS, HUD rules requires that the City, rather than the
HRA, initially purchase the property with a subsequent sale to
the HRA; and
WHEREAS, the City purchased the property on February 2,
1993; 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 6634 Fourth Avenue would be
developed with a new single family home; and
WHEREAS, the construction Agreement price for the new
construction program will not exceed $77,720; 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, 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:
Enter into a construction agreement with Vo-Tech for an
amount not to exceed 577,720, for the new construction project at
6634 Fourth Avenue South.
Adopted by the Housing and Redeye pment Authority in and
for the City of Richfield, Minnesot is 15th day of March,
1993.
<'
Thomas E. Harms, Chairperson
ATTEST:
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Lawrence oz czka, Secretary