2000 HRA Resolution 0796
HRA RESOLUTION NO. 796
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY
LOCATED AT 6537-14TH AVENUE AND 6224 BLOOMINGTON AVENUE
WHEREAS
, the Housing and Redevelopment Authority (HRA) owns certain real
property located at 6537-14th Avenue, legally described at Lot 17, Block 4, Nokomis
Gardens Rearrangement of Blocks 1, 2, 3, 4, and 5 GirardParkview, and the property at
6224 Bloomington Avenue, legally described as Lot 9, Block 8, Nokomis Gardens
Rearrangement of Blocks 1, 2, 3, 4, and 5 GirardParkview; and
WHEREAS
, the HRA acquired the properties so that Hennepin Technical College
(HTC) could construct a new single family home at each site to be sold by the HRA and a
minimum of $5,000 down payment to a moderate income family; and
WHEREAS
, two families have been identified as eligible purchasers for the
properties; and
WHEREAS
, the conditions of the sale include a total sale price of $185,000; first
mortgage of $135,000 payable to the lender; a lien of $45,000 payable to the HRA and a
minimum of $5,000 down payment; and
WHEREAS
, the sale of 6537-14th and 6224 Bloomington Avenues 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 ITRESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the HRA Chairperson and the
Executive Director are authorized to execute the purchase agreements and other required
documents so that the disposition of HRA owned property at 6537-14th Avenue and 6224
Bloomington Avenue occurs as presented herein.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 18th day of December, 2000.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary