1994-4996~
HRA RESOLUTION NO. 499
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT
6501 15TH AVENUE
WHEREAS, the Housing and Redevelopment Authority (HRA), owns
certain real property located at 6501 15th Avenue, legally
described as: Lot 24, Block 5, Nokomis Gardena Rearrangement of
Blocks 1, 2, 3, 4, 5 Girard Parkview Addition; and
WHEREAS, the HRA acquired the property so that the South
Hennepin Technical College (HTC) could construct a new single
family home at 6501 15th Avenue, to be sold by the HRA to a
moderate income family; and
WHEREAS, the family has been identified as qualified
purchasers for 6501 15th Avenue; and
WHEREAS, the conditions of sale include a total sales price
of $89,500; a first mortgage of $80,000 payable to the lender, a
lien of $5,000 payable to the HRA, and $4,500 downpayment, and
WHEREAS, the sale of 6501 15th 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 6501
15th Avenue occurs as presented herein.
Passed by the Housing and Redeye ent Authority in and for
the City of Richfield, Minnesota th st day of Marc 1994.
Thomas E. Harms, Chairperson
ATTEST: r--a
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fern Luettinger, Secr~'t~ry
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