1994-49868
HRA RESOLUTION NO. 498
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESO'
RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT
6538 BLOOMINGTON AVENUE
WHEREAS, the Housing and Redevelopment Authority (BRA), owns
certain real property located at 6538 Bloomington Avenue, legally
described as Lot 8, Block 5, Nokomis Gardens Rearrangement of
Blocks 1,2,3,4,5 Girard Parkview Addition; and
WHEREAS, the HRA acquired the property so that the South
Hennepin Technical College (HTC) could construct a new single
family home at 6538 Bloomington Avenue, to be sold by the HRA to
a lender-qualified purchaser; and
WHEREAS, a family has been identified as qualified
purchasers for 6538 Bloomington Avenue; and
WHEREAS, the conditions of sale include a total sales price
of $105,000; a first mortgage of $99,750 payable to the lender
and $5,250 downpayment; and
WHEREAS, the sale of 6538 Bloomington Avenue may be
authorized by the HRA following a public hearing which considers
the disposition of the property; and
WHEREAS, that hearing has been held following proper
publication of notice.
NOW, THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield,
Minnesota that the HRA Chairperson and Executive Director are
authorized to execute the purchase agreement and other required
documents so that the disposition of HRA owned property at 6538
Bloomington Avenue occurs as presented herein.
Passed by the Housing and Redeye ment Authority in and for
the City of Richfield, Minnesota th st day of M ch, 1994.
Thomas E. Harms, Chairperson
ATTEST: '
Vern Luettinger,~'S rata
~,~