1998 HRA Resolution 0660
HRA RESOLUTION NO. 660
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
6820 PORTLAND AVENUE TO TWIN CITIES HABITAT FOR HUMANITY 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:
Address
6820 Portland Avenue
Legal Description:
The East 1/2 of the following described tract. That part of the Northeast 1/4 of the
Southeast 1/4 of the Southeast 1/4 of Section 27, Township 28 North, Range 24
West of the 4th Principal Meridian described as follows: Beginning at a point on
the East line of said tract 278.15 feet South of the Northeast corner thereof;
thence West parallel to the North line of said Northeast 1/4 a distance of 330.92
feet; thence South parallel to the East line of said Northeast 1/4 a distance of
49.58 feet; thence East to a point in said East line a distance of 49.63 feet South
of the point of beginning; thence North along said East line a distance of 49.63
feet to the point of beginning except the Easterly 33 feet thereof.
WHEREAS
, the HRA is authorized to sell real property within its area of operation
after public hearing; and
WHEREAS
, a developer, Twin Cities Habitat for Humanity, has been identified as
the purchaser of the described property and in accordance with a development
agreement; and
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 6820 Portland Avenue is authorized to be sold
for $1.00 to Twin Cities Habitat for Humanity in accordance with a development
agreement with the HRA.
2.That the HRA accept a $20,000 second mortgage lien executed by the buyer from
Habitat.
3.The Chairperson and Executive Director are authorized to execute a Contract for
Private Development and other agreements as required to effectuate the sale to
Twin Cities Habitat for Humanity.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of March, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary