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07-16 HRA Resolution No. 1298 HRA RESOLUTION NO. 1298 RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 7324 GIRARD AVENUE TO AARON AND ASHLEY BUCHANON WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) desires to develop certain real property pursuant to and in furtherance of the Richfield Rediscovered Program adopted by the HRA, said real property being described as: Address: 7324 Girard Avenue Legal: Lot 7, Block 6, "Irwin Shores" Hennepin County, Minnesota. WHEREAS, the HRA is authorized to sell real property within its area of operation after a public hearing; and WHEREAS, the purchaser of the described property has been identified as Endres Custom Homes, and WHEREAS, a Contract for Private Development has been prepared, and the sale price of 7324 Girard Avenue is $60,000 with performance security in the amount of $10,000; and WHEREAS, a public hearing has been held after proper public notice. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota: 1. A public hearing has been held and 7324 Girard Avenue is authorized to be sold for $60,000 to Aaron and Ashley Buchanon; and 2. The Chairperson and Executive Director are authorized to execute a Contract for Private Development and other agreements as required to effectuate the sale to the Builder. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 16th day of July, 2018. Mary B. u Ighair ATT T: itiAlli Erin Vriv-' ianiels, S: retary