14-1186r HRA RESOLUTION NO. 1186
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED
AT 7225 1ST 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: 7225 1st Avenue South
Legal: Lot 12, Block 1 "Scheubles First Addition," 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 Endres Custom Homes, Inc., and
WHEREAS, a Contract for Private Development has been prepared, and
the sale price of 7225 1st Avenue is $55,000.00 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 7225 1st Avenue is authorized to
be sold for $55,000.00 to Endres Custom Homes, Inc.; 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 18th day of August, 2014.Syle nne M. Sandahl, Chair
AT EST: /
4
D•ris Rubenst- n, Secretary