1992-4582s
RESOLUTION NO. 458
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD
1
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RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 7500 BRYANT AVENUE AND
6641 OLIVER AVENUE
TO MARLIN GRANT 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 Richfield Rediscovered
Program Redevelopment Project (Project) heretofore adopted by the City
of Richfield (City) and the HRA, said real property being described as
follows:
7500 Bryant Lot 1 and N 1/2 of Lot 2, Block 23, "Irwin Shores Addn."
6641 Oliver Lot 6, Block 5 "Fairwood Park Addn."
WHEREAS, the HRA is authorized to sell real property within its
area of operation after public hearing; and
WHEREAS, a developer, Marlin Grant Homes, Inc. of Bloomington 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 7500 Bryant Avenue and 6641
Oliver Avenue are authorized to be sold to Marlin Grant Homes,
Inc. in accordance with a development agreement with the HRA.
2. The purchase price for 7500 Bryant is $29,500.
3. The purchase price for 6641 Oliver is $30,000.
4. That the Chairperson and Executive Director are authorized to
execute the Development Agreements and other agreements as
required to effectuate the sale to Marlin Grant Homes, Inc.
Adopted by the Housing and Red
City of Richfield, Minnesota this 1
nt Authority in and for the
of October,/e1992.
• J.4i,~~I~.i,
ATTEST:
J an Hel erger, ecr tary