1996-581HRA RESOLUTION NOe 581
RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 6320 OUVER AVENUE
TO TWIN CITIES HABITAT FOR HUMANITY 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 New Home Program adopted by the HRA, said real property being
described as follows:
6320 Oliver Avenue
Lot 7, Block 12, Ray's Lynnhurst Addition.
WHEREAS, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS, a builder, Twin Cities Habitat for Humanity, has been identified as
the purchaser of the described property, in accordance with a development agreement;
and
WHEREAS, a public hearing has been held after proper public notice.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been lieid and 6320 Oliver Avenue is authorized to be sold to
Twin Cities Habitat for Humanity in accordance with a development agreement with
the HRA.
2. The sale price to Habitat for 6320 Oliver Avenue is $1.
3. That the HRA accept a $20,000 second mortgage lien executed by the buyer from
Habitat.
4. That the Chairperson and Executive Director are authorized to execute the
Development Agreement and other agreements as required to effectuate the sale to
Twin Cities Habitat for Humanity.
Adopted by the Housing and Redevelopment in and for the ity of
Richfield, Minnesota this 15th day of April 1996.
Thomas E. Harms, Chair
ATTEST:
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Vern Luettinger, Secret