1991-4311
RESOLUTION NO. 431
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD
RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 7129 FIRST AVENUE
,_ TO RSM HOMES, INC., IN ACCORDANCE WITH
A DEVELOPMENT AGREEMENT
WHEREAS, the Housing and Redevelopment Authority in and for
the City of. Richfield, Minnesota (HRA) desires to develop certain
real property pursuant to and in furtherance of the Expanded New
Home Program Redevelopment Project (Project} heretofore adopted
by the City of Richfield (City} and the HRA, said real property
being described as follows:
Lot 17, Block 1, "Sheldon Blair's Wooddale Fourth Addition"
'~ and located at 7129 First Avenue; and,
WHEREAS, the HRA is authorized to sell real property within
its area of operation after public hearing; and,
WHEREAS, a developer, RSM Homes, Inc., of Prior Lake has
been identified as the purchaser of the described property, in
accordance with a development agreement; and,
WHEREAS, the public hearing has been held after proper
public notice;. and,
WHEREAS, the Planning Commission has made a finding that the
disposition of the property, for residential purposes is
consistent with the comprehensive plan.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and 7129 First Avenue is
authorized to be sold to RSM Homes, Inc., for $27,000 in
accordance with a development agreement with the HRA.
2. That the Chairperson and Executive Director are authorized
to execute the Development Agreement and other agreements
as required to effectuate the sale to RSM Homes, Inc.
Adopted by the Housing and Redevelo ment Authority in and
for the City of Richfield, Minnesota 21st day of October,
1991.
A L
~v~
Thomas E. Ha s, Chai person
ATTEST:
an Helmberger, Sec etary