03-885r
HRA RESOLUTION NO. 885
59
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6309 BRYANT AVENUE SOUTH UNDER THE NEW HOME PROGRAM
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota ("the HRA") desires to purchase certain real property pursuant to and
in furtherance of the New Home Program, said property being described as:
Lot 11, Block 2, Ray's Lynnhurst 2nd Addition; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, a purchase price of $120,000 has been established based on an
independent appraisal; and
WHEREAS, $90,000 in Community Development Block Grant funds are available
for acquisition, and Habitat for Humanity will contribute $30,000 towards acquisition.
NOW, THEREFORE, BE IT RESOLVED by the City of Richfield Housing and
Redevelopment Authority:
1. The purchase price for 6309 Bryant Avenue South is approved at $120,000.
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 fgr the City of Richfield,
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Minnesota on this 18th day of February 2003. ",,-Pj' !
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Thomas E. Harms, Chair