12-1124r HRA RESOLUTION NO. 1124
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7408 SHERIDAN TO DONNAY HOMES, 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:
Address: 7408 Sheridan Avenue
Legal: Lot 2, Block 7, Penn Lake Terrace 1st Addition, Hennepin County,
Minnesota
WHEREAS, the HRA is authorized to sell real property within its area of
operation after a public hearing; and 1
WHEREAS, the purchaser of the described property has been identified as
Donnay Homes, Inc., and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of 7408 Sheridan Avenue is $56,500.00 with performance security in the amount
of$10,000; 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. A public hearing has been held and 7408 Sheridan Avenue is authorized to
be sold for$56,500.00 to Donnay Homes, Inc.; and
2. The Chairperson and Executive Director are authorized to execute a Contract
for Private Development and other agreements as required to effectuate the
sale to the builder.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 21st day of May, 2012.
,-,`,E/ A-Vita ‘,1,1 - , / /
Suza M. Sandahl, Chair
ATTEST:
Doris Rubenstein, Secretary