01-827r
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HRA RESOLUTION NO. 827
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7241 SECOND AVENUE SOUTH AND 6929 QUEEN AVENUE SOUTH TO KEY-LAND
HOMES, 6529 EMERSON AVENUE SOUTH TO PROFESSIONAL BUILDERS
CORPORATION, AND 6856 PARK AVENUE SOUTH TO SPENCER DAHL
CONSTRUCTION AND RACHELLE A. REYNOLDS
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 follows:
Address
7241 Second Avenue South
6929 Queen Avenue South
Legal Description
Lot 14, Block 6, Wooddale Second Addition
Lot 17, Block 16, Tingdale Bros. Lincoln
Hills Third Addition
The north 60 feet of Lot B, Silver Wood
Second Addition to Richfield
The south 55 feet of Lot 4, Block 3, Portland
Avenue Acres Addition
6529 Emerson Avenue South
6856 Park Avenue South
and
WHEREAS, the HRA is authorized to sell real property within its area of operation
after a public hearing; and
WHEREAS, the purchasers and purchase prices of the described properties have
been identified as follows:
Builder
KEY-LAND HOMES
KEY-LAND HOMES
Professional Builders Corp
Spencer Dahl Construction
and Rachelle A. Reynolds
Address
7241 Second Avenue
6929 Queen Avenue
6529 Emerson Avenue
6856 Park Avenue
Purchase price
$47,000
$53,000
$44,000
$50,000
and performance security in the same amount as the purchase price has been
required for each property; 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 7241 Second Avenue South and 6929 Queen
Avenue South are authorized to be sold for $47,000 and $53,000 respectively to KEY-
LAND HOMES; 6529 Emerson Avenue South is authorized to be sold for $44,000 to
Professional Builders Corporation; and 6856 Park Avenue South is authorized to be
sold for $50,000 to Spencer Dahl Construction and Rachelle A. Reynolds; and
0820Richfield Rediscovered
2. The Chairperson and Executive Director are authorized to execute Contracts for
Private Development and other agreements as required to effectuate the sale to the
builders.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of August 2001.
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l=rhomas E. Harms, Chair
ATTEST:
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