04-929r
103
HRA RESOLUTION NO. 929
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
680512TH AVENUE SOUTH TO TWIN CITIES HABITAT FOR HUMANITY
IN ACCORDANCE WITH A DEVELOPMENT AGREEMENT
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (HRA) desires to develop certain real property pursuant to and in
furtherance of the Richfield Rediscovered Program adopted by the HRA, said real property
being described as follows:
Address Legal
6805 12th Avenue South All of the South seventy-two (72) feet of the North One
Hundred Forty-four (144) feet of Block Five (5), except the East
One Hundred Thirty-three (133) feet thereof, Rich Fields,
Hennepin County, Minn., according to the plat or map thereof
now on file and of record in the office of the Registrar of Titles,
in and for said County and State.
Subject to a right of way for private roadway eight (8) feet wide
commencing at road on the North side of Southeast Quarter
(SE %) Sec. 26 Twp. 26 R. 24 and running South along the
Westerly side of said tract to the South ten (10) acres of the
West fifty-five (55) rods of the West Half (W %) of said
Southeast quarter (SE %) according to deeds record in Book
264 of Deeds page 123 and Book 340 of Deeds page 129 and
Book 460 of Deeds page 192. Also
That part of the South Thirteen Hundred and Ten (1310) feet of
the East Eight and 58/100 (8.58) feet of the West Forty-one
and 58/100 (41.58) feet of the Southwest Quarter (SW %) of
Southeast Quarter (SE %), Section 26, Township 28, Range
24, which lies between the north and south lines extended of
the South 72 feet of the North 144 feet of Block 5, Rich Fields,
Hennepin County, Minn. according to the map or plat thereof
now on file and of record in the office of the Registrar of Titles
in and for said County and State.
WHEREAS, the HRA is authorized to sell real property within its area of operation
after public hearing; and
WHEREAS, a developer, Twin Cities Habitat for Humanity, has been identified as
the purchaser of the described property and in accordance with a development agreement;
and
WHEREAS, a public hearing has been held after property 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 6805 12th Avenue is authorized to be sold for
$1.00 to Twin Cities Habitat for Humanity in accordance with a development
agreement with the HRA.
2. That the HRA accept a $15,000 second mortgage lien executed by Habitat, and
upon sale to an end buyer, the HRA release the lien with Habitat and accept a
second mortgage lien executed by the end buyer.
3. The Chairperson and Executive Director are authorized to execute a Contract for
Private Development and other agreements as required to effectuate the sale to
Twin Cities Habitat for Humanity.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of August 2004"'1 ,
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ATTEST:
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Kristal Stokes, Secretary