15-1214r HRA RESOLUTION NO. 1214
RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTY WITHIN
THE CITY OF RICHFIELD
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota ("the HRA") desires to obtain certain real property as described in
the attached Exhibit A ("the Property") currently owned by the City of Richfield, pursuant
to and in furtherance of its redevelopment efforts;
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation;
WHEREAS, the HRA has determined that acquisition of said property is in
furtherance of its redevelopment purposes; and
WHEREAS, four of the properties to be conveyed to the HRA (6615, 6621, 6627,
6633 17th Ave.) are subject to an Option Agreement with Ryan Companies, and the
HRA shall not accept conveyance of such property unless the Option Agreement
expires or Ryan Companies consents to the conveyance of such property to the HRA.
NOW THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. The conveyance of the Property by the City to the HRA is hereby approved.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota on this 16th day of November, 2015.
(WA/ 1/4
Mary B. S le CChhaV
ry �pp ,
ATTEST:
AA' -
Doris Rubenstein, Secretary