03-877r
51
HRA RESOLUTION NO. 877
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED
AT 6945 CLINTON 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 9, Block 3, D.L. Tate's 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 program requirements for acquisition; and
WHEREAS, the HRA has negotiated a purchase price of $115,000 based on an
independent appraisal; and
WHEREAS, funds are available for acquisition.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. The purchase price for 6945 Clinton Avenue is approved at $115,000.
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 on this 21st day of January 2003.
/1
/~/
,,"" _,/,.... /,/" I
(/i /l" /i
\.//.tl&~../~/.
1/ ~ ~/\L~-'
Thomas E. Harms, Chair
ATTEST: