11-20 HRA Resolution No. 1277 HRA RESOLUTION NO. 1277
RESOLUTION APPROVING CONVEYANCE OF CERTAIN REAL PROPERTY TO
CHAMERLAIN APARTMENTS, LLC
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (the "Authority") owns certain real property legally described in EXHIBIT A attached
hereto (the "Property") in the City of Richfield, Minnesota (the"City"); and
WHEREAS, the Authority and the Chamberlain Apartments, LLC, a Delaware limited
liability company (the "Developer") have entered into a Contract for Private Development (the
"Agreement"), dated October 24, 2017, pursuant to which the Developer will acquire the Property
from the Authority and construct a multifamily housing development with approximately 283
apartment units, substantially rehabilitate three 11-unit apartment buildings, and construct
underground parking (the "Minimum Improvements"), and the Authority will reimburse the
Developer for a portion of land acquisition costs and certain site improvements costs related
thereto with tax increment generated by the Minimum Improvements; and
WHEREAS, in order to promote the redevelopment of land in the City, the Authority is
considering conveying the Property to the Developer for the proposed redevelopment thereof; and
WHEREAS, the Agreement provides that the Authority will convey the Property to the
Developer only after the Board of the Authority holds a public hearing and provides its consent to
the conveyance; and
WHEREAS, on the date hereof, the Board of Commissioners of the Authority (the "Board")
conducted a duly noticed public hearing on the conveyance of the Property to the Developer, in
accordance with Minnesota Statutes, Section 469.029, subdivision 2; 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 conveyance of the Property to the Developer as contemplated by the Agreement is
in all respects authorized, approved, and confirmed.
2. The Chairperson and the Executive Director are hereby authorized to execute and
deliver to the Developer a quit claim deed and any and all other documents or
certificates deemed necessary to carry out the intentions of this resolution and the
Purchase Agreement.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 20th day of November, 2017.
Mary B. Supp , Cgfhair
ATTEST:
/1-7/ /1/1 "\-
, Secretary
EXHIBIT A
LEGAL DESCRIPTION OF THE AUTHORITY PROPERTY
Lots 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, and 14, Block 2, Wexler's Addition, Hennepin County,
Minnesota
Lots 1, 2, 3, 4, 5, 6, 7, and 8, Block 3, Wexler's Addition, Hennepin County, Minnesota
Lots 1, 2, 9, 10, 11, 12, 13, 14, 15, and 16, Block 4, Wexler's Addition, Hennepin County,
Minnesota
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A-1
510829v1 JAE RC125-348