05-959r
HRA RESOLUTION NO. 959
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
6400 15TH AVENUE SOUTH 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:
Lot 1, Block 3, Nokomis Gardens Rearrangement of Blocks 1, 2, 3, 4, and 5
Girard Parkview; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, a purchase price of $140,000 has been established based on an
independent appraisal; and
WHEREAS, $40,000 in Affordable Housing Incentive Funds are available for
acquisition from Hennepin County, and $100,000 in HRA Housing Fund funds are
available for acquisition.
NOW, THEREFORE, BE IT RESOLVED by the City of Richfield Housing and
Redevelopment Authority:
1. The purchase price for 6400 15th Avenue South is approved for $140,000.
2. The Chairperson and Executive Director are authorized to execute a
purchase agreement and other documents to allow purchase for the amount
set forth in this resolution. The acquisition is contingent upon the Planning
Commission finding of consistency with the Comprehensive Plan.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of December, 20~
Thomas E. Harms, Chair
ATTEST: