09-1056rHRA RESOLUTION NO. 1056
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6321 PENN 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 Penn Avenue Revitalization plan, said property being described as:
6231 Penn Avenue:
Described as:
Lot 18, Block 12, in "Ray's Lynnhurst", 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 $150,000,
plus closing costs not to exceed a total of $160,000.
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 September, 2009.
Atiwc.e f
S ne M. Sandahl, Chair
ATTEST:
oan Helmberger, Secretary