02-20 HRA Resolution No. 1284 HRA RESOLUTION NO. 1284
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7300 PORTLAND AVENUE
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 Richfield Rediscovered Program, said property being described as:
7300 Portland Avenue
Legal: Lot 1, Block 1, Blairs Wooddale Third Addition, together with that part of the
vacated alley which accrued thereon upon the vacation thereof, Hennepin County,
Minnesota.
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, Housing and Redevelopment Fund money is available for acquisition
purposes.
NOW THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. The purchase price for the property is approved at $141,000 plus closing
costs, not to exceed $145,000.
2. The Chairperson and Executive Director are authorized to execute a
Purchase Agreement 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 on this 20th day of February, 2018.
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Mary B. Supple, Cnair
ATTEST:
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Erin V.biCze Dani Secretary