07-1016r
HRA RESOLUTION NO.1 016
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
7201 NICOLLET AVENUE SOUTH TO GREATER METROPOLITAN HOUSING
CORPORATION IN ACCORDANCE WITH A DEVELOPMENT AGREEMENT
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 New Home Program adopted by the HRA, said real property being
described as follows:
Address
7201 Nicollet Avenue S
Legal
Lots 11 and 12, Block 3, WOODDALE SECOND ADDITION,
Hennepin County, Minnesota
WHEREAS, the HRA is authorized to sell real property within its area of operation
after public hearing; and
WHEREAS, a developer, Greater Metropolitan Housing Corporation (GMHC), has
been identified as the purchaser of the described property and in accordance with a
Development Agreement; 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:
1. A public hearing has been held and 7201 Nicollet Avenue South is authorized to be
sold for $1.00 to Greater Metropolitan Housing Corporation in accordance with a
Development Agreement with the HRA.
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
Greater Metropolitan Housing Corporation.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of August, 2007.
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ATTEST:
(j~ c:o-~
Donna Drummond, Secretary