1993-47545
HRA RESOLUTION NO. 475
RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 7520 AND 7528 BRYANT 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:
7520 Bryant Lot 6, Block 23, Irwin Shores, Hennepin County
7528 Bryant Lot 8, Block 23, Irwin Shores, Hennepin County
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 7520 and 7528 Bryant
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 7520 Bryant is $27,500.
3. The purchase price for 7528 Bryant is $27,500.
4. That the Chairperson and Executive
execute the Development Agreements
required to effectuate the sale to
Adopted by the Housing and Redev
the City of Richfield, Minnesota thy(";
;`
ATTEST:
Larry Woz zk Secretary
Director are authorized to
and other agreements as
Marlin Grant Homes, Inc.
ent Authority in and for
th day of a 1993.
~ ~:
s Harms, Chairp on