10-1073rHRA RESOLUTION NO. 1073
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 1403-1405 EAST 66TH STREET
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 redevelopment and the City's Comprehensive Plan, said property being
described as:
1403-1405 East 66th Street
Lot 000 Block 002 RICH FIELDS E 52 FT of W 104 FT OF N 125 FT; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, Bonds of 1996 Proceeds Funds are available for acquisition purposes.
NOW THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment
Authority in and for the City of Richfield:
The purchase price for the, property identified is approved at $125,000,
plus closing costs, not to exceed $135,000.
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 17th day of May, 2010.
uzanne M. Sandahl, Chair
ATTEST:
J n Helmberger, Secreta