10-1081rHRA RESOLUTION NO. 1081
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 2517 West 76t" 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 the Community Development Block Grant program, said property being
described as:
2517 West 76t" Street
N 258 FT OF W 170 FT OF THAT PART OF SE'/4 OF SE %4 LYING E OF
JACOBSON AND QUIST SECOND ADD EX STREETS; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, Community Development Block Grant 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 $300,000,
plus closing costs, not to exceed $310,000.
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 18th day of October, 2010.
anne M. Sandahl, Chair
,.,
ATTEST:
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J n Helmberger, Secretary