12-1133r HRA RESOLUTION NO. 1133
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7544 2nd AVENUE TO JOHNSON-REILAND BUILDERS & REMODELERS, 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: 7544 2nd Avenue
Legal: Lot 8, Block 7, Nicollet Garden Lots, according to the recorded plat
thereof, and situate in 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
Johnson-Reiland Builders & Remodelers, and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of 7544 2nd 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 7544 2nd Avenue is authorized to be sold
for $56,500.00 to Johnson-Reiland Builders & Remodelers; 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 15th day of October, 2012.
_/kS Ae-ul-de
Suz M. Sandahl, Chair
ATTEST:
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_ Ir
D:ris Rubenstei , Secretary