01-818r
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HRA RESOLUTION NO. 818
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7039 FIFTH AVENUE SOUTH FOR THE
2001-2002 NEW HOME PROGRAM
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota ("the HRA") desires to purchase certain real property pursuant to and
in furtherance of the Hennepin Technical College construction program, said property
being described as:
Lots 30 & 31 Savage's Addition
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, the HRA has negotiated a purchase price of $87,000 based on an
independent appraisal; and
WHEREAS, funds are available for acquisition.
NOW, THEREFORE, BE IT RESOLVED by the City of Richfield Housing and
Redevelopment Authority:
1. The purchase price for 7039 Eifth Avenue South is approved at $87,000.
2. The Chairperson and Executive Director are authorized to execute a purchase
agreement and other documents to allow purchase for the amount set forth in this
resolution.
Adopted by the Housing and Redevelopment Authority in and ~
Minnesota on this 21st day of May, 2001.
e City of Richfield,
/L
Thomas E. Harms, Chair