1996-60526
HRA RESOLUTION N0.605
RESOLUTION AUTHORIZING THE SALE OF REAL
PROPERTY LOCATED AT 2513 WEST 70TH STREET
TO VARIETY 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 adopted by the HRA, said real
property being described as follows:
d ess Legal Description
2513 West 70th Street The East 66 feet of that part lying
north of the south 130 feet and
lying south of the north 30 feet of
Lot 7, Sabin Lake Harriet
Garden Lots Addition
~,
WHEREAS, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS, a purchaser of the described properly has been identified and a
development agreement negotiated as follows:
Performance
ddre s Sale Price Security Bui e
2513 West 70th St. $32,000 $32,000 Variety Homes, Inc.
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 2513 West 70th Street is authorized to be sold
for $32,000 to Variety Homes, Inc. in accordance with a development agreement
with the HRA.
2. The Chairperson and Executive Director are authorized to execute a Contract for
Private Development and other agreements as required to effectuate the sales to
Variety Homes, Inc.
Adopted by the Housing and Redevelopment
Richfield, Minnesota this 7th day of October 1996.
ATTEST:
Vern Luettin~r, Secretary
in and for the City of
E. Harms, Chair