1995-545115
HRA RESOLUTION N0.545
RESOLUTION AUTHOR4ZING RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT 7429 DUPONT AVENUE TO MARLIN GRANT HOMES,
INC., AND 2819 WEST 701/2. STREET TO ROCK PORT HOMES INC. IN
ACCORDANCE WITH DEVELOPMENT AGREEMENTS
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield Minnesota (HRA) desire 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:
Pr°gertv Leaal Description
7429 Dupont Avenue Lot 17, and the South 1 /2 of Lot 1 S, Block 13,
Irwin Shores, Hennepin County
2819 West 701 /2 Street The East 70 feet of North 135 feet, Lot 26
Sabin Lake Harriet Garden Lots, Hennepin
County
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. has been identified as the
purchaser of the described property at 7429 Dupont Avenue and Rock Port Homes Inc.
has been identified as the purchaser of the described property at 2819 West 701 /2
Street, in accordance with a development agreements; 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 IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has be held and 7429 Dupont Avenue is authorized to be sold to
Marlin Grant Homes, Inc.
2. A public hearing has been held and 2819 West 701/2 Street is authorized to be~
sold to Rock Port Homes Inc.
3. The purchase price for 7429 Dupont Avenue is $32,000.