06-1005r
HRA RESOLUTION NO.1 005
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7201 NICOLLET AVENUE
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:
7201 Nicollet Avenue
Lots 11 and 12, Block 3, Wooddale 2nd Addition, Hennepin County
WHEREAS, the HRA is authorized by Minnesota Statutes Section
469.012 to acquire real property within its area of operations; and
WHEREAS, a purchase price has been negotiated based on independent
appraisal; and
WHEREAS, Community Development Block Grant and local HRA funds
are available for acquisition purposes.
NOW THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota as follows
1. The purchase price for the property at 7201 Nicollet is approved at $182,000
with $82,000 being funded by Community Development Block Grant funds
and $100,000 being funded by the Housing Fund.
2. The Chairperson and Executive Director are authorized to execute purchase
agreements and to take other actions necessary to purchase the property for
the amount set forth in this Resolution.
Adopted by the Housing and Redevelopment Authority in and for the City
of Richfield, Minnesota this 18th day of December, 2006.
''"'
ATTEST:
~
M. Sandahl, Chair
cr;;:~ c:u~
Donna Drummond, Secretary