1986-288A49
HRA RESOLUTION NO. 288A
RESOLUTION AUTHORIZING SALE OF PROPERTY
LOCATED AT 6425 AND 6429 PORTLAND AVENUE
F~HEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, (HRA) o~ons certain real property located
at 6425 and 6429 Portland Avenue for possible housing
development; and
WHEREAS, the Richfield City Council has determined that this
property should be used for parlc development; and
WHEREAS, the Richfield City Council has indicated a
willingness to purchase these properties from the HRA; and
WHEREAS, a total purchase price including acquisition
appraisals and relocation costs has been negotiated in the amount
of $81,881 for 6425 Portland Avenue and $92,781 for 6429 Portland
Avenue; and
WHEREAS, funding for the purchase of said properties caill
not be a~•ailable until after January 1, 1987 from proceeds of the
1987 Capital Improvement Program.
NOW THEREFORE, BE IT RESOLVED, by the Housing and
Redevelopment Authority in and for the Citv of Richfield,
Minnesota:
1. that the property located at 6425 and 6429 Portland Ave.
be sold to the City of Richfield.
2. that the HRA receive proceeds of the sale for said
properties after January 1, 1987, and
3. that the Acting Executive Director and staff are
authorized to take such steps necessary to effectuate
this resolution.
Passed by the Housing and Redevelopment Authority in and for
the City of Richfield this 18th day of ugust, 1986.
omas E. Harms, Chairperson
ATTEST:
Jc~.n Helmberger, Secre ary