01-817r
2
HRA RESOLUTION NO. 817
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RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
6800 LOGAN AVENUE TO ALTA LIMITED
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:
6800 Logan Ave. legally described as: Lot 1, Block 6, Tingdale Bros. Lincoln Hills
Second Addition, Hennepin County, Minnesota
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 Alta
Limited; and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of 6800 Logan Avenue is $81,601.51 with performance security in the amount of
$65,000; and
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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 6800 Logan Avenue is authorized to be sold for
$81,601.51 to Alta Limited; 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 23rd day of April, 2001.
~/c/L
Thomas E. Harms, Chair
ATTEST:
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Michael san?:aVecretary