1996-60223
HRA RESOLUTION N0.602
RESOLUTION AUTHORIZING SALE
OF REAL PROPERTY LOCATED AT
7216 FIRST AVENUE
WHEREAS, the Housing and Redevelopment Authority (HRA) owns certain real
property located at 7216 First Avenue, legally described as Lot 5, Block 3, Wooddale
Second Addition; and
WHEREAS, the HRA acquired the property so that Hennepin Technical College
(HTC) could construct a new single family home at 7216 First Avenue, to be sold by the
HRA to a moderate income family; and
WHEREAS, the Dalluge family has been identified as qualified purchasers for
7216 First Avenue; and
WHEREAS, the conditions of sale include a total sales price of $115,000; a first
mortgage of $86,000 payable to the lender; a lien of $25,000 payable to the HRA and
$4,000 downpayment; and
WHEREAS, the sale of 7216 First Avenue may be authorized by the HRA
following a public hearing which considers the disposition of the property; and
WHEREAS, that hearing has been held following proper publication of notice.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the HRA Chairperson and
Executive Director are authorized to execute the purchase agreement and other
required documents so that the disposition of HRA owned property at 7216 First
Avenue occurs as presented herein.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of September, 199
homas E. Harms, Chair
ATTEST:
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