06-993r
HRA RESOLUTION NO. 993
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY
TO RYAN COMPANIES US, INC.
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (the "HRA") desires to develop certain real property in accordance
with a Contract for Private Development with Ryan Companies US, Inc. (the "Developer"),
dated July 27,2005 (the "Contract") and an amended First Amendment, dated June 30,
2006, (collectively, the "Contract") said real property described in the attached Exhibit A;
and
WHEREAS, the HRA is authorized to sell real property within its area of operation
after public hearing; and
WHEREAS, a public hearing has been held after proper public notice.
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. A public hearing has been held and the real property listed in the attached Exhibit A
is authorized to be sold to the Developer in accordance with the Contract.
2. The Chairperson and Executive Director are authorized to execute the necessary
documents or other agreements as required to effectuate the sale to the Developer.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 25th day of July, 2006.
ATTEST:
~~'"=(J~
Donna Drummond, Secretary
EXHIBIT A
Legal Descriptions of Properties
6300 Cedar Avenue S All that part of Lot 4, Block 3, lying Northerly of a line drawn parallel
with and 33 feet South of the North line of said Lot 4; All of Lot 5, Block
3, and the South 17 feet of Lot 6, Block 3, all in "Iverson's Third
Addition", according to the recorded plat thereof, and situate in
Hennepin County, Minnesota.
Together with abutting streets and alleys, vacated and to be vacated,
accruing thereto upon vacation.
Subject to drainage, utility and street easements as shown and
dedicated on the recorded plat.
Subject to easement of record in favor of City of Richfield, if any.
6320 Cedar Avenue S The South 67 feet of Lot 4, Block 3, "Iverson's Third Addition",
according to the recorded plat thereof, and situate in Hennepin County,
Minnesota
Together with abutting streets and alleys, vacated and to be vacated,
accruing thereto upon vacation.
Subject to drainage, utility and street easements as shown and
dedicated on the recorded plat.
Subject to easement of record in favor of City of Richfield, if any.
6500 Cedar Avenue S All of Lot 6, and the North 25 feet of Lot 5, Block 1, "Iverson's Third
Addition", according to the recorded plat thereof, and situate in
Hennepin County, Minnesota
Together with abutting streets and alleys, vacated and to be vacated,
accruing thereto upon vacation.
Subject to drainage, utility and street easements as shown and
dedicated on the recorded plat.
Subject to easement of record in favor of City of Richfield, if any.
6528 Cedar Avenue S The North 46 feet of Lot 2 and all of Lot 3, all in Block 1, "Iverson's
Third Addition", according to the recorded plat thereof, and situate in
Hennepin County, Minnesota
Together with all hereditaments and appurtenances belonging thereto,
subject to the following exceptions: easements of record.
Between 6344 Cedar All of Lot 2, Block 3, Iverson's Third Addition, except the South 60 feet
Avenue South and 6328 and except the North 40 feet thereof.
Cedar Avenue South