09-1050rHRA RESOLUTION NO. 1050
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7338 QUEEN 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:
7338 Queen Avenue:
Described as:
Lot 7, Block 2, Penn Lake Terrace First Addition, Hennepin County, Minnesota; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, Housing Funds are available for acquisition purposes.
NOW THEREFORE, BE IT RESOLVED, by the City of Richfield Housing and
Redevelopment Authority:
1. The purchase price for the property identified is approved at $90,000,
plus closing costs not to exceed a total of $100,000.
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 July, 2009.
S ne M. Sandahl, Chair
ATTEST:
~~ 1
~~an Helmberger, Secretary