84-6922R56
RESOLUTION N0. 6922
RESOLUTION AUTHORIZING THE SALE OF THE
HOUSE AND PROPERTY AT 7300 FIRST AVENUE SOUTH
WHEREAS, it has been determined that the property located
at 7300 First Avenue South and legally described as:
North 105 feet of East 150.48 feet of West 1/4 of
North 10 acres of South 20 acres of Southwest 1/4 of
- Northeast i/4 of Section 34, Township 28, Range 24,
except road;
is susceptable to seasonal flooding hazards; and
WHEREAS, it has been determined to be in the best interest
of the City of Richfield to purchase this property, make flood
proofing types of improvements, and sell the property; and
WHEREAS, in preparation for the sale of the property, the
City Council adopted a Transitory Ordinance (17.08) and held a
public hearing concerning the sale; and
WHEREAS, as the result of advertising, and in cooperation
with the lender, a qualified purchaser for 7300 - ist Avenue
South has been selected during July, 1984 and it is likely that
they will be found eligible for a Minnesota Housing Finance Agency
mortgage commitment (MHFA); and
WHEREAS, the Planning Commission has determined that the sale
will be in conformance with the Comprehensive Plan; and
WHEREAS, the conditions of sale include a sale price of
568,288, and buyer. cognizance of the flooding potential of this
property.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
RICHFIELD, I~?ITINESOTA
1) That the City P4anager is authorized to
sell 7300-1st Avenue to the buyer which
entered into a purchase agreement ir.
July, 1984.
2) The sale is contingent on confirmation of
qualifying for the financing being secured
from MfIFA.
Adopted by the Richfield City Cou cil, is 27th day of
August, 1984. ~~ ~,~
Y
n H,~t~itilton, Mayor
ATTEST:
vj~ K. Bergfl, .City