09-1058rHRA RESOLUTION NO. 1058
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
7244 4th AVENUE TO ELISSA MCGAHA AND ANDRE JAEGER
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 Mortgage Foreclosure Response Program adopted by the HRA, said
real property being described as follows:
Address Legal
7244 4th Avenue The East'/2 of the South 59.45 feet of the North 386.7 of the
East'/2 of the Northwest Quarter of the Northeast Quarter of
the Southeast Quarter of Section 34, Township 28, Range 24
WHEREAS, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS, the HRA purchased and rehabilitated the described property in
accordance with the Mortgage Foreclosure Response Program; 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 and 7422 4th Avenue is authorized to be
sold for at least $150,000.00 with the HRA paying no more than $5,500 towards
closing costs and/or prepaid expenses to Elissa McGaha and Andre Jaeger in
accordance with a Purchase Agreement with the HRA.
2. The Chairperson and Executive Director are authorized to execute a
Purchase Agreement and other agreements as required to effectuate the sale to
Elissa McGaha and Andre Jaeger.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 21st day of September, 2009.
ATTEST:
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Su ne Sandahl, Chair
J n Helmberger, Secretary