1995-554124
HRA RESOLUTION N0.554
RESOLUTION ACCEPTING SELECTION OF PROPERTY MANAGER AND
DIRECTING APPROVAL OF SAME (HAMPTON PLACE, CRESTWOOD, HERITAGE
SQUARE EAST)
WHEREAS, pursuant to authority granted to it by special law of the 1995
Minnesota Legislature (the "Act"), the HRA has participated in the creation of three non-
profit corporations ("Corporations") each of which will own, manage and operate one of
the following apartment communities in the City of Richfield:
1. Hampton Place
2. Crestwood
3. Heritage Square East; and
WHEREAS, pursuant to the Act, the HRA is empowered to direct the activities of
such Corporations; and
WHEREAS, the HRA has received and reviewed proposals from independent
fee management companies involving the management of the above referenced
apartment communities and is fully informed as to the provisions of such proposals.
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield as follows:
1. That the proposal by Stuart Shelard is hereby accepted.
2. That each Corporation, upon formation, is hereby directed to approve the
selection of Stuart Shelard subject to the negotiation of a suitable contract and to carry
out all acts and do all things necessary to consummate the directions contained in this
resolution.
3. That the Executive Director and Commission Chairperson of the HRA are
directed to take all actions and do all things required to effectuate the provisions of this
resolution,
Adopted by the Housing and Redevelopme u ority in and for the ity of
Richfield, Minnesota this 17th day of July,1995.
Thomas E. Harms, Chair
A'
Vern Luettinger,