03-904r
78
HRA RESOLUTION NO. 904
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
6819 OLIVER AVENUE TO BCB CONSTRUCTION INC.
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 6819 Oliver Avenue, and whose legal description is Lot 10, Block 8,
Tingdale Bros. Lincoln Hills 2nd Addition, Hennepin County, Minnesota; and
WHEREAS, the HRA is authorized to sell real property within its area of operation
after a public hearing; and
WHEREAS, the purchaser of the described property has been identified as BCB
Construction Inc.; and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of the land is $57,000 with performance security in the same amount; 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, Minnesota:
1. The Chairperson and Executive Director are authorized to execute a Contract for
Private Development and other agreements as required to effectuate the sale to BCB
Construction Inc.
2. A public hearing has been held and 6819 Oliver Avenue is authorized to be sold for
$57,000 to BCB Construction Inc.; and
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 15th day of September, 2'./1
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Thomas E. Harms, Chair