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1999 HRA Resolution 0713 HRA RESOLUTION NO. 713 RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 7545 PENN AVENUE TO FLOYD SJOSTRAND WHEREAS , the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) desires to sell certain real property pursuant to and in furtherance of the Apartment Remodeling Program adopted by the HRA, said real property being described as follows: Address: 7545 Penn Avenue: Legal: Exhibit E-1, attached. WHEREAS , the HRA is authorized to sell real property within its area of operation after a public hearing; and WHEREAS , the purchaser of the described property is Floyd Sjostrand, the adjacent property owner, at a price of $1.00; 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, Minnesota. 1.A public hearing has been held and 7545 Penn Avenue is authorized to be sold to FloydSjostrand in accordance with an Apartment Remodeling Program Agreement. 2.The Chairperson and Acting Executive Director are authorized to execute agreements necessary to complete the transaction. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 17th day of May, 1999. Thomas E. Harms, Chair ATTEST: Michael Sandahl, Secretary