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08-20 HRA Resolution No. 1304 HRA RESOLUTION NO. 1304 RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT 7300 PORTLAND AVENUE TO TWIN CITIES HABITAT FOR HUMANITY, INC. IN ACCORDANCE WITH A CONTRACT FOR DEVELOPMENT 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 New Home Program adopted by the HRA, said real property being described as follows: Address: 7300 Portland Avenue South 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 to sell real property within its area of operation after public hearing; and WHEREAS, a developer, Twin Cities Habitat for Humanity, Inc., has been identified as the purchaser of the described property and in accordance with a Development Agreement; 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: 1. A public hearing has been held 7300 Portland Avenue is authorized to be sold for $40,000 to the Twin Cities Habitat for Humanity, Inc. in accordance with a Development Agreement with the HRA. 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 Twin Cities Habitat for Humanity, Inc. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 20th day of August, 2018. Mary B. Stipple, Chair ATTEST: Erin rieze Daniels, Secretary