10-1076rHRA RESOLUTION NO. 1076
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7537 DUPONT AVENUE
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 the New Home Program, said property being described as:
7537 Dupont Avenue
Lot 15, Block 22, Irwin Shores Addition; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, Housing and Redevelopment 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 $60,000,
plus closing costs, not to exceed $67,000.
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 16th day of August, 2010.
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S nne M. Sandahl, Chair
ATTEST:
J n Helmberger, Secretary