14-1190r HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD,MINNESOTA
HRA RESOLUTION NO. 1190
RESOLUTION APPROVING A PURCHASE CONTRACT WITH DONALD JAMES GROUP
WHEREAS,the Housing and Redevelopment Authority in and for the City of Richfield,Minnesota
(the "Authority") is the owner of certain property (the "HRA Property") located within the City of
Richfield,Minnesota(the"City") legal described as follows:
211 W 76th Street
PID: 34-028-24-34-0070
The west 1/2 of that part of Lot 1 Block 4, lying east of the west 30 feet thereof; Also,
that part of Lot 2 and of the north 75 feet of Lot 3, said Block 4 lying west of the east
121.99 feet thereof; RC SOENS ADDITION, Hennepin County, Minnesota
7600 Pillsbury
PID: 34-028-24-34-0049
The east 1/2 of that part of Lot 1 lying east of the west 30 feet thereof, Block 4, RC
SOENS ADDITION, Hennepin County, Minnesota
7608 Pillsbury
PID: 34-028-24-34-0067
Municipality: RICHFIELD
Addition Name: R C SOENS ADDN
Lot: 002
Block: 004
The east 121.99 feet of Lot 2 Block 4, R C SOENS ADDN, Hennepin County, Minnesota
WHEREAS, the City is the owner of three separate parcels of property adjacent to the HRA
Property(the"City Property") legally described as follows:
7644 Pillsbury
PID: 34-028-24-34-0072
Lot 3, Block 4, except the north 75 feet thereof; also Lots 4 and 5, said Block 4; subject
to road; R C SOENS ADDN, Hennepin County, Minnesota
WHEREAS, on November 10, 2014, the City Council of the City appointed the Authority as the
agent of the City for the purposes of the sale and development of the City Property; and
WHEREAS, Donald James Group, L.L.C., a Minnesota limited liability company, or a related
party or affiliate (the "Developer"), has proposed to acquire and develop the HRA Property and the City
Property(collectively, the"Property") in order to construct market-rate townhomes (the"Development");
and
WHEREAS, the Board of the Authority has been presented with a Purchase Contract (the
"Contract") between the Authority and the Developer which sets forth the terms and conditions of the sale
of the Property to the Developer; and
WHEREAS, the Authority has reviewed the Contract and fmds that the execution thereof by the
Authority and performance of the Authority's obligations thereunder are in the best interest of the City and its
residents;and
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment Authority in
and for the City of Richfield, Minnesota as follows:
1. The Contract presented to the Authority and on file with the Community Development
Director is hereby in all respects approved, subject to modifications that do not alter the substance of the
transaction and that are approved by the Chairperson and Executive Director;provided that execution of such
document by such officials shall be conclusive evidence of approval.
2. The Chairperson and Executive Director are hereby authorized to execute the Contract on
behalf of the Authority and to carry out on behalf of the Authority the Authority's obligations thereunder.
3. This resolution shall be in full force and effect following the adoption by the City Council of
its resolution appointing the Authority as the agent for the sale and development of the City Property.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 15th day of December,2014.
/11 4-1.4111-16,
Suza . Sandahl, Chair
ATTEST:
f , �'
•Doris Rubenste. , Secretary
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