1996-584HRA RESOLUTION N0.584
RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 7424 FIFTH AVENUE
TO MARLIN GRANT HOMES, INC. 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 - Le~C a~
7424 Fifth Avenue East 1/2 of South 59.45 feet of North 446.15
feet of West 1/2 of Northeast 1/4 of Northeast
114 of Southeast 1 /4 Except Road Sec 34,
Range 28, Twp 24.
WHEREAS, the HRA is authorized to sell real property within its area of operation
after public hearing; and
WHEREAS, Marlin Grant, Homes, Inc., has been identified as the developer of 7424
Fifth Avenue 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 held and 7424 Fifth Avenue is authorized to be sold to Marlin
Grant Homes, Inc. in accordance with a development agreement with the HRA.
2. The purchase price for 7424 Fifth 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 ity in and fort City of Richfield,
Minnesota this 3rd day of June 1996.
Thomas E. Harms, Chair
ATT
Vera Luettinger,