15-1196r HRA RESOLUTION NO. 1196
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7308 10TH 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: 7308 10th Avenue
Legal: Lot 2, Block 9, "Fallden's Third Addition"
WHEREAS, the HRA is authorized to sell real property within its area of
operation after a public hearing; and
WHEREAS, the purchaser of the described property has been identified as
Endres Custom Homes, Inc., and
WHEREAS, a Contract for Private Development has been prepared, and the sale
price of 7308 10th Avenue is $58,000.00 with performance security in the amount of
$10,000.00; 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 7308 10th Avenue is authorized to be
sold for $58,000.00 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 17th day of February, 2015.
Mary B. pple, h.
ATTEST;
Doris Rubenstein, Secretary