1994-52898
HRA RESOLUTION NO. 528
RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT 6625 STEVENS, 6404 HUMBOLDT
AND 6821 LOGAN AVENUES
TO SUSSELL HOMES, ROCKPORT HOMES AND
PARSLEY BUILDERS (RESPECTIVELY)
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) hereto
adopted by the City of Richfield (City) and the HRA, said real
property being described as follows:
Property Leaal Description
6625 Stevens: The north 1/2 of the west 1/2 of Lot 6,
Goodspeeds Second Plat, Hennepin County
6404 Humboldt: Lot 2, and East 10 feet of Lot 19,
Fairwood Park First Addition
6821 Logan: Lot 9, Block 5, Tingdale Bros°.
Lincoln Hills Addition
WHEREAS, the HRA is authorized to sell real property within
its area of operation after public hearing; and
WHEREAS, a developer, Sussell Homes, has been identified as
the purchaser of the described property at 6625 Stevens in
accordance with a development agreement; and
WHEREAS, a developer, Rockport Homes, has been identified as
the purchaser of the described property at 6404 Humboldt Avenue,
in accordance with a development agreement; and
WHEREAS, a developer, Parsley Builders, has been identified
as the purchaser of the described property at 6821 Logan Avenue
in accordance with a development agreement; and
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 YT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and 6625 Stevens Avenue is
authorized to be sold to Sussell Homes in accordance with a
development agreement with the HRA.
HRA Resolution No. 528
Page 2
2. 6404 Humboldt Avenue is authorized to be sold to Rockport
Homes, Inc. in accordance with a development agreement with
the HRA.
3. 6821 Logan Avenue is authorized to be sold to Parsley
Builders, in accordance with a development agreement with
the HRA.
4. The purchase price for 6625 Stevens is 527,500.
5. The purchase price for 6404 Humboldt is 530,000.
6. The purchase price for 6821 Logan is $30,000.
7. That the Chairperson and Executive Director are authorized
to execute the Development Agreements and other agreements
as required to effectuate the sale to Sussell Homes,
Rockport Homes Inc. and Parsley Builders.
Adopted by the Housing and
for the City of Richfield Minne
1994. ~
ATTEST
opment F,uthority in and
s 1st dav:Sf November
E. Harms,
1