06-9783r
RESOLUTION NO. 9783
RESOLUTION AUTHORIZING PURCHASE AGREEMENT WITH
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD FOR THE SALE OF LAND
WHEREAS, the City is the owner of certain real estate in the City of Richfield legally
described in the attached Purchase Agreement; and
WHEREAS, the City desires to sell, and the Housing and Redevelopment Authority
in and for the City of Richfield (the "HRA") desires to purchase such real estate; and
WHEREAS, a proposed purchase agreement (the "Purchase Agreement") for the
transaction has been reviewed by the City Council and is informed as to it contents.
NOW THEREFORE, BE IT RESOLVED by the City Council as follows:
1. The Purchase Agreement is approved, contingent upon City Council approval of
a sale ordinance as required by the City Charter. Execution and delivery of a
deed of conveyance by the City shall be deemed conclusive determination that
the contingency has been met.
2. Subject to the contingency, the Mayor and City Manager are authorized to take
all steps and do all things necessary to accomplish the transaction contemplated
by this Agreement.
Adopted by the City Council of he City of Richfield, Minnesota this 27th day of June,
2006.
ATTEST: