07-1010r
HRA RESOLUTION NO.1 01 0
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY
TO RYAN COMPANIES US, INC.
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (the "HRA") desires to develop certain real property in accordance
with a Contract for Private Development with Ryan Companies US, Inc. (the "Developer"),
dated July 27,2005 (the "Contract") and an amended First Amendment, dated June 30,
2006, (collectively, the "Contract"); and
WHEREAS, said real property is legally described as:
The North 8 feet of the South 25 feet of Lot 6, Block 3, Iverson's Third Addition
WHEREAS, the HRA is authorized to sell real property within its area of operation
after public hearing; 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:
1. A public hearing has been held and the real property legally described as the North
8 feet of the South 25 feet of Lot 6, Block 3, Iverson's Third Addition is authorized to
be sold to the Developer in accordance with the Contract.
2. The Chairperson and Executive Director are authorized to execute the necessary
documents or other agreements as required to effectuate the sale to the Developer.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of January, 2007.
ATTEST:
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M. Sandahl, Chair
Donna Drummond, Secretary