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1993-48353 RESOLUTION NO. 483 THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 7124 WASHBURN 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: "North 50 ft of Lot 63, except the East 57.52 ft thereof and the~North 50 ft of the East 73 ft of Lot 62 Sabin Lake Harriet Garden Lots", and located at 7124 Washburn Avenue; and WHEREAS, the HRA is authorized to sell real property within its area of operation after public hearing; and WHEREAS, the HRA held a public hearing and authorized the sale to Kesler Construction Company in December 1992. However, the development project could not be finalized; and WHEREAS, a developer, Marlin Grant Homes, Inc. of • Bloomington hascordanceewithiaddevelopmentcagreementthandescribed property, in ac 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 7124 WashbinC•Afoiu$27s500 authorized to be sold to Marlin Grant Homes, in accordanws anthauthorizations previouslywgivenhto Keslerhe HRA withdra y Construction to develop the property. 2. That the Chairperson and Executive Director are authorized to execute the Development Agreement and other agreements as required to effectuate the sale to Marlin Grant Homes, Inc. Resolution No. 483 Page ~ 2 Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 20th day of September, 1993. i' ~ ~~ ~A/ ~' f/ /(f ~~ ~f Thomas E. Harms, Chairperson ATTEST: ce~JC~lf1f Lawrence zn' ka, Secretary 1