1996-5856
HRA RESOLUTION N0.585
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY
LOCATED AT 7636 THIRD AVENUE
- TO ROCKPORT 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
7636 Third Avenue
Legal Descri tp ion
The South 75 feet of that part of Govemment Lot 1, Section 34, Township
28 North, Range 24 West, of the 4th Principal Meridian, described as
follows: Commencing at a point corresponding to the Northeast comer of
Southeast'/ of Northeast %4 of Southwest'/. of Southeast'/. of said
Section 34, Township 28, Range 24; thence West parallel with the North
line of said Government Lot 1 to a point in a line corresponding to the
West line of East %. of Northeast'/. of Southwest %4 of Southeast'/a of said
Section; thence Southerly along said West line a distance of 150 feet;
thence East parallel with the North line of said Government Lot 1 to said
line corresponding to the East line of the Southwest'/4 of Southeast %4 of
said Section; thence North along said line to beginning.
WHEREAS, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS, Rockport Homes Inc. has been identified as the developer of 7636
Third Avenue in accordance with a Development Agreement; and
WHEREAS, the 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 7636 Third Avenue is authorized to be
sold to Rockport Homes, Inc. in accordance with a Development
Agreement with the HRA.
2. The purchase price for 7636 Third Avenue is $26,000.
3. The Chairperson and Executive Director are authorized to execute the
Development Agreement and other agreements as required to effectuate the
sale.
HRA Resolution No. 585
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Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 24th day of June 1996.
Thomas E. Harms, Chair
ATTEST:
Vern Luettinger, Secre ry_;~~
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