09-1057rHRA RESOLUTION NO. 1057
RESOLUTION AUTHORIZING PURCHASE AGREEMENT WITH
THE CITY OF RICHFIELD FOR THE SALE OF LAND
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield (the "HRA") is the owner of certain real estate in the City of Richfield legally
described in the attached Purchase Agreement; and
WHEREAS, the City desires to buy, and the HRA desires to sell such real estate for
an amount of $200,000; and
WHEREAS, a proposed Purchase Agreement (the "Agreement") for the transaction
has been reviewed by the HRA Board and is informed as to it contents.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. The Purchase Agreement is approved, contingent upon City Council approval of
a sale ordinance as required by the City Charter. Execution and delivery of a
deed of conveyance by the HRA shall be deemed conclusive determination that
the contingency has been met.
2. Subject to the contingency, the Chairperson and Executive Director are
authorized to take all steps and do all things necessary to accomplish the
transaction contemplated by this Agreement.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 21st day of September, 2009.
Suz M. Sandahl, Chair
ATTEST:
,1~
J n Helmberger, Secretary