06-982r
HRA RESOLUTION NO. 982
RESOLUTION AUTHORIZING PURCHASE AGREEMENT WITH
THE CITY OF RICHFIELD FOR THE PURCHASE 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 HRA Board and is informed as to it contents.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield:
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 Chairperson and Executive Director are
authorized to take all steps and do all things necessary to accomplish the
transaction contemplated by this Agreement.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 26th day of June, 2006.
ATTEST:
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Donna Drummond, Secretary