01-842r
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HRA RESOLUTION NO. 842
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY
LOCATED AT 6812 QUEEN AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority (the "HRA") owns certain
real property located at 6812 Queen Avenue, legally described at Lot 4, Block 2, Tingdale
Bros. Lincoln Hills Third Addition; and
WHEREAS, the HRA acquired the property so that Hennepin Technical College
(HTC) could construct a new single family home at the site to be sold by the HRA to a
moderate income family; and
WHEREAS, a family has been identified as an eligible purchaser for the property;
and
WHEREAS, the conditions of the sale include a total sale price of $190,000; first
mortgage of $137,750 payable to the lender; a lien of $45,000 payable to the HRA and a
minimum of $5,250 down payment; and
WHEREAS, the sale of 6812 Queen Avenue may be authorized by the HRA
following a public hearing which considers the disposition of the property; and
WHEREAS, that hearing has been held following proper publication of notice.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the HRA Chairperson and the
Executive Director are authorized to execute the a purchase agreement and other required
documents so that the disposition of HRA owned property at 6812 Queen Avenue occurs
as presented herein.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 17th day of December, k~ '
(~(jbf
-~fhomas E. Harms, Chair
ATTEST: