1995-538108
HRA RESOLUTION NO. 538
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT
6634 FOURTH AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority (HRA), owns certain real
property located at 6634 Fourth Avenue, legally described as: Lot 9, Block 3,
McCutchan's Portland Avenue Park Addition; and
WHEREAS, the HRA acquired the property so that the South Hennepin
Technical College (Vo-Tech) could construct a new single family home at 6634 Fourth
Avenue, to be sold by the HRA to a moderate income family; and
WHEREAS, construction work is completed; and
WHEREAS, the Lueder family has been identified as qualified purchasers for
6634 Fourth Avenue; and
WHEREAS, the conditions of sale include a total sales price of $110,000, a first
mortgage of $75,000 payable to the lender, a lien of $21,000 payable to the HRA, and
a $14,000 down payment; and
WHEREAS, the sale of 6634 Fourth 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 6634 Fourth
Avenue occurs as presented herein.
Passed by the Housing and R
Richfield, Minnesota this 17th day of
Authority in and for the City of
,1 5. ,~
Harms,
A
Vem Luettinger,
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