1993-48252
RESOLUTION Nd. 482
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD
RESOLUTION AUTHORIZING THE .SALE OF REAL
PROPERTY LOCATED AT 6912 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 Richfieldm(City)oandttherHRA~tsaidrrealopropertyebeingthe
City of .
described as follows:
Lot 4, Block 10 Tingdale Bros.' Lincoln Hills Addition and
located at 6912 Oliver Avenue; and
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
WHEREnSo hthelaropegrty forsresidentialdpurposesiis consistent
dispositio P
with the comprehensive plan.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and 6912 Olivelncvefor 531,000 in
authorized to be sold to Marlin Grant Homes,
accordance with a development agreement with the HRA.
2. That the Chairperson and Executive Director are authorized to
~~ execute tto effectuatetthersalentoaMarlineGranteHomess Inc.
required
Adopted by the Housing and Redevelo ent Authority in and for
the City of Richfield, Minnesota this.., O h day of Septe ber, 1993..
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Thomas E. Harms, Chairperson
ATTEST:
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Larry Woz cz Secretary