1996-5878
HRA RESOLUTION N0.587
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7625 EMERSON AVENUE TO CHOICE WOOD, 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 Leaal
7625 Emerson Avenue Lot 1, Block 1, Cloverleaf Addition,
Hennepin County
WHEREAS, the HRA is authorized to sell real property within its area of
operations after public hearing; and
WHEREAS, the City has initiated the process to sell the referenced property to
the HRA; and
1
WHEREAS, contingent on that process, the HRA has authorized the purchase
and identified a developer; and
WHEREAS, Choice Wood, Inc. is the developer of 7625 Emerson Avenue in
accordance with a development agreement; and
WHEREAS, the public hearings have been held after proper public notice.
Nn~-THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and 7625 Emerson Avenue is authorized to be sold
for $25,600 in accordance with a development agreement to Choice Wood Inc.,
contingent on the sale of the property by the City to the HRA.
2. The Chairperson and Executive Director are authorized to execute the Development
Agreements, and other agreements as required to effectuate the sales.
Adopted by the Housing and Redevelopment
Richfield, Minnesota this 17th day of June, 1996. ~
A'
in and for the City of
Harms, Chair
Vern Luettinger,