1994-51989
HRA RESOLUTION NO. 519
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND
FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO HTC AGREEMENT FOR
7537 GIRARD AVENUE
WHEREAS, on March 21, 1994, the HRA authorized the purchase
of the property at 7537 Girard Avenue, legally described as:
I,ot 15, Block 19, Irwin Shores Addition; and
WHEREAS, utilizing CDBG funds, the City and HRA have
cooperatively purchased the site; and
WHEREAS, a project has been proposed as a cooperative effort
between the HRA and Hennepin Technical College (HTC); and
WHEREAS, the property at 7537 Girard Avenue would be
developed with a new single-family home; and
WHEREAS, the Construction Agreement price for the new
construction project will not exceed 576,983; 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 HTC for an amount
not to exceed $76,983 for the new construction project at 7537
Girard Avenue South.
Adopted by the Housing and Redev opment Authority in and
for the City of Richfield, Minneso his 1~th da of August,- 1994.
Thomas E. Harms, Chairperson
ATTE T:
Vern Luetti a Secretary