1999 HRA Resolution 0737
HRA RESOLUTION NO. 737
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
6812 QUEEN AVENUE FOR THE NEW HOME PROGRAM
WHEREAS
, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (HRA) desires to purchase certain real property pursuant to and in
furtherance of the New Home Program, said property being described as:
Lot 4, Block 2, TingdaleBros’. Lincoln Hills Third Addition; and
WHEREAS
, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS
, the property meets all program requirements for acquisition; and
WHEREAS
, the HRA has negotiated a purchase price relative to the estimated
market value of 6812 Queen Avenue; and
WHEREAS
, funds are available for acquisition.
NOW, THEREFORE, BE ITRESOLVED
by the Richfield Housing and
Redevelopment Authority:
1.The purchase price for 6812 Queen Avenue is approved at $70,000.
2.The Chairperson and Executive Director are authorized to execute a Purchase
Agreement and other documents to allow purchase for the amount set forth in
this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 18th day of October, 1999.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary