15-1198r HRA RESOLUTION NO. 1198
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
2517 WEST 76TH STREET TO THE GREATER METROPOLITAN HOUSING
COPRPORATION IN ACCORDANCE WITH A CONTRACT FOR DEVELOPMENT
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:
That part of the East % of the Southeast Quarter of the Southeast Quarter (SE 1/4 of SE
%4) of Section Thirty-two (32), Township Twenty-eight (28), Range Twenty-four (24),
described as commencing at the northwest corner of said East % of the SE % of the SE
%4; thence East along the North line of said SE % of the SE % 170 feet; thence South
parallel with the West line of said East 3/ of SE % of the SE % 258 feet; thence West
parallel with the North line of said SE % of the SE % 170 feet to the West line of said
East % of the SE ' of the SE %4; thence North along said West line of East % of the SE
% of the SE % to the point of beginning, according to the United States Government
Survey thereof and situate in Hennepin County, Minnesota (Property),
WHEREAS, the HRA is authorized to sell real property within its area of operation after
public hearing; and
WHEREAS, a developer, the Greater Metropolitan Housing Corporation, 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 2517 West 76th Street is authorized to be sold for
$1.00 to the 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
Development and other agreements as required to effectuate the sale to the Greater
Metropolitan Housing Corporation.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 16th day of March, 2015.
Mary B. S -'pie, Chair
ATTEST:
r ,
Doris Rubenstein, Secretary