12-1131r HRA RESOLUTION NO. 1131
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7220 RUSSELL AVENUE TO ENDRES CUSTOM HOMES, INC
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:
Address: 7220 Russell Avenue
Legal: Lot 4, Block 3, "Home Acres," Hennepin County, Minnesota
WHEREAS, the HRA is authorized to sell real property within its area of
operation after a public hearing; and
WHEREAS, the purchasers of the described property have been identified as
Matthew and Jennifer Lux, and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of 7220 Russell Avenue is $56,500.00 with performance security in the amount of
$10,000; 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 7220 Russell Avenue is authorized to be
sold for $56,500.00 to Matthew and Jennifer Lux; 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 Buyers.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 17th day of September, 2012.
Aiejak7
Suz ne M. Sandahl, Chair
ATT
£teuen L. De-such, Executi'e Director