12-1132r HRA RESOLUTION NO. 1132
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7225 1ST AVENUE
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 New Home Program, said property being described as:
7225 1st Avenue South
Legal: Lots 11 and 12, Block 1, Scheubles First Addition, Hennepin County,
Minnesota
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, Richfield Rediscovered Program funds are available for acquisition
purposes.
NOW THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. The purchase price for the property identified is approved at $105,000,
plus closing costs, not to exceed $110,000.
2. The Chairperson and Executive Director are authorized to execute a
Purchase Agreement and to take other actions necessary to purchase
the property for the amount set forth in this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota on this 15th day of October, 2012.
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Su %ne M. Sandah, Chair
ATTEST: ;/2
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Doris Rube tein, Secretary