05-21 HRA Resolution No. 1292 HRA RESOLUTION NO. 1292
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 1430 EAST 66TH STREET
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 redevelopment and the City's Comprehensive Plan, said property being
described as:
1430 East 66th Street
Lot 10 and 11 including adjoining 1/2 of vacated alley, Block 4, Nokomis Gardens
Right Block 1-5 Girard Parkview
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, HRA funds are 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 identified is approved not to exceed
$191,400, plus closing costs, not to exceed $25,000.
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 21st day of May, 2018.
( '
Mary B. pple, C air
ATTEST:
•
Erin Vrieze Daniel , Secretary