01-838r
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HRA RESOLUTION NO. 838
RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT
6529 EMERSON AVENUE TO REAL PROPERTY INVESTMENT
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 6529 Emerson Avenue South, and whose legal description is The north
60 feet of Lot 8, Silverwood Second Addition to Richfield, 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 Real
Property Investment; and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of the land is $44,000 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. A public hearing has been held and 6529 Emerson Avenue is authorized to be sold for
$44,000 to Real Property Investment; 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 Real
Property Investment.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of November, 2001.
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Michael Sqndahl, 'Secretary