1995-567137
HRA RESOLUTION N0.567
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
6715-14TH AVENUE TO D.L. RUSSELL CO. AND RICHARD AND NANCY KROSSIN
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:
Address Le4al
6715-14th Avenue Block 4, Richfield's Addition, North 66.5 ft. of South
381.5 ft. of West 131.3 ft., Hennepin County
WHEREAS, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS, D.L. Russell Co. and Richard and Nancy Krossin have been
identified as the purchaser and developer of 6715-14th Avenue in accordance with a
development agreement; and
WHEREAS, the public hearings have been held after proper public notice.
NOW, THEREFORE, BE IT RESOLVED by the. Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and 6715-14th Avenue is authorized to be
sold to D.L. Russell Co, and Richard and Nancy Krossin in accordance with a
development agreement with the HRA.
2. The purchase price for 6715-14th Avenue is $30,000.
3. The Chairperson and Executive Director are authorized to execute the
Development Agreement and other agreements as required to effectuate the
sale.
Adopted by the Housing and Redevelopment
Richfield, Minnesota this 20th day of November, 1 ~
ATTEST:
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Vem Luettinger, Secreta
in and for the City of
E. Harms, Chair