1998 HRA Resolution 0659
HRA RESOLUTION NO. 659
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
7615 NICOLLET AVENUE TO SOUTHRIDGE CONSTRUCTION IN ACCORDANCE
WITH A DEVELOPMENT AGREEMENT
WHEREAS
, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (HRA) desires to develop certain real property pursuant to and in
furtherance of the Richfield Rediscovered Program adopted by the HRA, said real
property being described as follows:
AddressLegal Description
7615 Nicollet AvenueLots 13 and 14, A.G. Bogen Company’s
Nicollet Avenue Addition
WHEREAS
, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS
, a purchaser of the described property has been identified and a
development agreement negotiated as follows:
Performance
AddressSale PriceSecurityBuilder
7615 Nicollet Avenue $60,000$60,000Southridge Construction
WHEREAS
, a public hearing has been held after proper public notice.
NOW, THEREFORE, BE ITRESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield:
1.A public hearing has been held and 7615 Nicollet Avenue is authorized to be sold
for $60,000 to Southridge Construction in accordance with a development
agreement with the HRA.
2.The Chairperson and Executive Director are authorized to execute a Contract for
Private Development and other agreements as required to effectuate the sale to
Southridge Construction.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 17th day of February, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary