1996-60930
HRA RESOLUTION N0.609
RESOLUTION AUTHORIZING THE SALE
' OF REAL PROPERTY LOCATED AT
7625 EMERSON AVENUE TO ROCKPORT HOMES INC.
IN ACCORDANCE WITH 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:
re Legal Descri tp ion
7625 Emerson Avenue Lot 1, Block 1, Cloverleaf 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 property has been identified and a
development agreement negotiated as follows:
Performance
ddress Sale Price Securi Builder
7625 Emerson Avenue $25,600 $25,600 Rockport 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 7625 Emerson Avenue is authorized to
be sold for $25,600 to Rockport 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
sale to Rockport Homes, Inc.
Adopted by the Housing and Redevelopm~
Richfield, Minnesota this 18th day of November,1
ATTFST~
in and for tie City of
Thomas E. Harms, Chair