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1993-47848 HRA RESOLUTION N0. 478 THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD AUTHORIZING THE ACQUISITION OF 7112 FIRST AVENUE WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (HRA) acquires property and builds and rehabilitates structures for residential purposes; and WHEREAS, the HRA desires to acquire the real property at 7112 First Avenue, legally described as: Lot 4, Block 2 Sheldon Blair's Wooddale Fourth Addition; and WHEREAS, the owner of 7112 First Avenue, Grace Church has volunteered to sell the property for $36,000; and WHEREAS, Community Development Block Grant (CDBG) funds will finance the acquisition of this parcel; and WHEREAS, the Planning Commission has made a finding that the acquisition and disposition of this parcel for residential purposes is consistent with the Comprehensive Plan, and WHEREAS, the acquisition is contingent on initial acquisition by the City of Richfield and a favorable consideration by the Richfield Hearing Examiner as to a lot size variance request. NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota, as follows: 1. The Executive Director is authorized to request the City Council to consider the purchase of 7112 First Avenue for $36,000 utilizing CDBG funds and contingent on a favorable finding by the Richfield Hearing Examiner to a lot size variance request. 2. The HRA Chairperson and Executive Director are authorized to take necessary actions to purchase the property located at 7112 First Avenue for $1.00 from the City of Richfield. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 21s y of June, 19 3. <, Thomas E. Harms, Chairperson ATTEST: Lawrence Wo is a, Secretary