09-18 HRA Resolution No. 1268 HRA RESOLUTION NO. 1268
RESOLUTION APPROVING AN AMENDMENT TO PURCHASE AGREEMENT FOR
PROPERTY LOCATED AT 6409 16TH AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the "Authority") and Daniel E. Schertner (the "Seller") entered into a Purchase
Agreement, dated August 21, 2017 (the "Original Agreement"), pursuant to which the Authority
agreed to purchase property from the Seller located at 6409 16th Avenue South in the City of
Richfield, Minnesota, and legally described as Lots 2, Block 2, Iverson's Second Addition (the
"Property"); and
WHEREAS, Section 2 of the Original Agreement provided that no earnest money would be
paid by the Authority to the Seller; and
WHEREAS, the Authority and the Seller wish to amend the terms of the Purchase
Agreement so that the Authority is required to pay earnest money to the Seller in the amount of
$3,500 for the purchase of the Property; and
WHEREAS, there has been presented before this Board a form of Amendment to
Purchase Agreement (the "Amendment") proposed to be entered into between the Authority and
the Seller,which amends the amount of earnest money set forth in the Original Agreement; and
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Housing
and Redevelopment Authority in and for the City of Richfield, Minnesota as follows:
1. The Amendment is hereby in all respects authorized, approved, and confirmed, and the
Chair and the Executive Director are hereby authorized and directed to execute the
Amendment for and on behalf of the Authority in substantially the form now on file with
the Community Development Director but with such modifications as shall be deemed
necessary, desirable, or appropriate, the execution thereof to constitute conclusive
evidence of their approval of any and all modifications therein.
2. The Authority shall pay to the Seller earnest money for the purchase of the Property in
the amount of$3,500.
3. The Chair and the Executive Director are hereby authorized to execute and deliver any
and all documents deemed necessary to carry out the intentions of this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 18th day of September, 2017.
LAO Ale Aid"
Mary B. Supp e, Chair
A EST:40/
rrris °iubenstein, Secretary