1993-48050
RESOLUTION NO. 480
RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 6310-15TH 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 New Home
Program adopted by the HRA, said real property being described as
follows:
6310 15th Avenue, Lot 3, Block 2, 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, a public hearing has been held after proper public
notice.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and 6310-15th Avenue is
authorized to be sold to Twin Cities Habitat for Humanity in
accordance with a development agreement with the HRA.
2. The sale price to Habitat for 6310-15th Avenue is $1.
3. That the HRA accept a S20,OOO second mortgage lien executed
by the buyer from Habitat.
4. 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 Redevelopment Authority in and for
the City of Richfield, Minnesota this 16 day of August, 1993.
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o s E. Harms, Chair
ATTEST:
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Larry Wozn z Secretary
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