10-10400rRESOLUTION NO. 10400
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7600 PORTLAND AVENUE
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real
property to add to the City's park system, specifically Roosevelt Park with said property
being described as:
7600 Portland Avenue South
East 1/8 of the North 3 acres of the Southeast 1/4 of the Southeast 1/4, except
road; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its area of operation; and
WHEREAS, Recreation Enterprise funds are available for acquisition purposes.
NOW THEREFORE, BE IT RESOLVED, by the City of Richfield that:.
The purchase price for the property identified is approved at $104,900,
plus closing costs, not to exceed $10,000.
2. The City Manager is 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 City of Richfield, Minnesota on this 13th day of August, 2010.
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Debbie Goettel, Mayor
ATTEST:
Nancy Gibb 'ity Clerk