1997-62041
HRA RESOLUTION NO. 620
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTIES LOCATED AT
6320-15th AVENUE AND 6921-12th AVENUEFOR THE NEW HOME PROGRAM AND THE
RICHFIELD REDISCOVERED PROGRAM RESPECTIVELY
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota (HRA) desires to purchase certain real property pursuant to and in furtherance of
the Richfield Rediscovered Redevelopment Project (Project) heretofore adopted by the City
of Richfield (City) and the HRA, said real properties being described as follows:
Propet-iy Address Legal Descri tp ion
6320-15th Avenue Lot 6, Block 2, Nokomis Gardens Rearrangement of Block
1, 2, 3, 4, and 5, Girard Parkview Addn
6921-12th Avenue Lot 6, Block 4, Richlands Addn.
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to acquire
real property within its area of operation; and
WHEREAS, the properties meet all program requirements for acquisition; and
1
WHEREAS, the purchase price offered by HUD (the seller) is discounted by ten
percent of the HUD appraisal; and
WHEREAS, funds have been provided by the HRA and are available for acquisition.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. The purchase prices are approved as follows:
d ess
6320-15th Ave.
6921-12th Ave.
Purchase Price
$50,400
$61,200
2. The Chairperson and Executive Director are authorized to execute a Purchase
Agreement and other documents to effectuate purchase for the amounts set
forth in this resolution.
Adopted by the Housing and Redevelopment ority in and for the City of Richfield,
Minnesota this 18th day of February, 1997.
Thomas E. Harms, Chair
ael S~°nd'~hfl, Secretary