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1993-47444 RESOLUTION N0. 474 RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 6225-14TH AVENUE TO TWIN CITIES HABITAT FOR HUMANITY 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: 6225-14th Avenue, Lot 20, Hlock 1, Nokomis Gardens Rearrangement of Blocks 1, 2, 3, 4, and 5, Girard Parkview. WHEREAS, the HRA is authorized to sell real property within its area of operation after public hearing; and WHEREAS, a builder, Twin Cities Habitat for Humanity 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 6225-14th Avenue is authorized to be sold to Twin Cities Habitat for Humanity in accordance with a development agreement with the HRA. 2. The purchase price for 6225-14th Avenue is S1. 3. That the Chairperson and Executive Director are authorized to execute the Development Agreement and other agreements as required to effectuate the sale to Twin Cities Habitat for Humanity. Adopted by the Housing and Redev ment Authority in and for the City of Richfield, Minnesota t 's 7th day of 1993. ~< Thomas E. Harms, Chairperson ATTEST: Larry Woz cz Secretary