1996-59213
HRA RESOLUTION NO. 592
1
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7200 THIRD AND 6318 KNOX AVENUES TO STEVEN MARLIN GRANT HOMES,
INC. AND TWIN CITIES HABITAT FOR HUMANITY, RESPECTIVELY, IN
ACCORDANCE WITH DEVELOPMENT AGREEMENTS
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 adopted by the HRA, said real
property being described as follows:
ress Legal Descri tp ion
7200 Third Avenue Lot 1, Block 6, Wooddale Second Addition
6318 Knox Avenue Lot 6, Block 8, Ray's Lynnhurst Addition
WHEREAS, the HRA is authorized to sell real property within its area of
operation after pubiic hearing; and
WHEREAS, purchasers of the described property have been identified and
development agreements negotiated as follows:
Performance
ddres Sale Price Securt ui r
7200 Third Avenue $28,000 $28,000 Steven Marlin Grant Homes, Inc,
6318 Knox Avenue $1.00 $20,000 Twin Cities Habitat for Humanity,
(land lien) Inc.; and
WHEREAS, a public hearing has been held after proper public notice.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield:
1. A public hearing has been held and 7200 Third Avenue is authorized to be sold for
$28,000 to Steven Marlin Grant Homes, Inc. in accordance with a development
agreement with the HRA.
2. A public hearing has been held and 6318 Knox Avenue is authorized to be sold for
$1.00 to Twin Cities Habitat for Humanity in accordance with a development
agreement with the HRA.
3. The Chairperson and Executive Director are authorized to execute a Contract for
Private Development and other agreements as required to effectuate the sale to
Steven Marlin Grant Homes, Inc. and Twin Cities Habitat for Humanity.
Richfi y y ~ f
~ ,~ '? ,
6
Thomas E. Harms, Chair
ATTEST:
Adopted by the Housing and Redevelopment Authori~~r in and for the pity of
eld Minnesota this 15th da of Jul 1996. , ~'