08-1035rHRA RESOLUTION NO. 1035
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7316 CLINTON AVENUE
UNDER THE NEW HOME PROGRAM
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota ("the HRA") desires to purchase certain real property pursuant to and
in furtherance of the New Home Program, said property being described as:
7316 Clinton Avenue
Lots 4 and 5, Block 4, Blairs Wooddale Third Addition, Hennepin County
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operations; and
WHEREAS, a purchase price has been negotiated based on an independent
appraisal; and
WHEREAS, Community Development Block Grant and local HRA funds are
available for acquisition purposes.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows
The purchase price for the property at 7316 Clinton Avenue is approved at $150,000
with $32,150 being funded by Community Development Block Grant funds and
$117,850 being funded by the Housing Fund.
2. The Chairperson and Executive Director are authorized to execute purchase
agreements and to take other actions necessary to purchase the property for the
amount set forth in this Resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of May, 2008.
Suza M. Sandahl, Chair
ATTEST:
an Helmberger, Secret ry