1995-563133
HRA RESOLUTION N0.563
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT 6845
NEWTON AVENUE TO LOYAL THOMPSON AND 6812-13TH AVENUE 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) 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:
6845 Newton Avenue: Lot 5, Block 7, Tingdale Bros. Lincoln Hills Addn
6812-13th Avenue: The South 72 ft of the North 288 ft of Block 5, except the
West 100 ft thereof, Rich Fields Addition, Hennepin County; and
WHEREAS, the HRA is authorized to sell real property within its area of operation
after public hearing; and
WHEREAS, two developers, Loyal Thompson and Rock Port Homes, Inc. have
been identified as the purchasers of the described properties in accordance with
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 been held and 6845 Newton Avenue and 6812-13th
Avenue are authorized to be sold to Loyal Thompson and Rock Port Homes,
Inc., respectively in accordance with development agreements with the HRA.
2. The purchase price for 6845 Newton Avenue is $26,000.
3. The purchase price for 6812-13th Avenue is $30,000.
4. The Chairperson and Executive Director are authorized to execute the
Development Agreements and other agreements as required to effectuate the
sale to Loyal Thompson and Rock Port Homes, Inc.
Adopted by the Housing and Redevelopment A or' in and for the City of
Richfield, Minnesota this 9th day of October, 1995.
Thomas E. Harms, Chair
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Vern Luettinger, Secretary