1993-48454
RESOLUTION NO. 4$4 .
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO VO-TECH AGREEMENT FOR
7112 FIRST AVENUE
WHEREAS, on June 21, 1993, the HRA authorized the purchase of
7112 Fir§t'Avenue, legally described as:
Lot 4, Block 2, Sheldon Blair's Wooddale Fourth Addn.; and
WHEREAS, HUD CDBG funds have been authorized for this
acquisition; and
WHEREAS, HUD rules require that the City, rather than the HRA,
initially purchase the property with a subsequent sale to the HRA;
and
WHEREAS, the City will purchase the property in September 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 7112 First Avenue would be developed
with a new single family home; and
WHEREAS, the Construction Agreement price for the new
construction project will not exceed 573,377; 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 $73,377, for the new construction project at 7112 First
Avenue.
Adopted by the Housing and Redevelo ment Authority in and for
the City of Richfield, Minnesota this ~0~h day of September, 1993.
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F<.
Thomas E. Harms, Chair on-~
ATTEST : ~/~ ~ .~
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Lawrence Wo is a, Secretary