1997-62546
HRA RESOLUTION N0.625
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY
AT 6601 BLOOMINGTON AVENUE
WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield
(HRA) has acquired the property at 6601 Bloomington Avenue legally described as North
250 feet of the West 1/4 of the Northwest 1/4 of the Northeast 1/4 of the Southeast 1/4
except streets; and
WHEREAS, the HRA has sought a redeveloper for the site; and
WHEREAS, the HRA has evaluated a proposal from Minnesota Valley School of
Music, LLC. and Clinton Press, Inc.; and
QlIOIiEREAS, an independent real estate appraiser has valued the property for
redevelopment purposes at $106,800; and
WHEREAS, the HRA is authorized to sell real propefij within its area of operation
after public hearing; and
WHEREAS, the public hearing has been held after proper notice; and
WHEREAS, the Planning Commission of the City of Richfield has determined that the
disposition of the Property for Project purposes is consistent with the Comprehensive Plan.
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 on fihe sale of the real property described above.
2. Sale of the property to Minnesota Valley School of Music, LLC for X106,800 is
hereby approved.
3. The Chairperson and Executive Director are authorized to execute any and all
agreements required to effectuate this Resolution.
Adopted by the Housing and Redevelopment Au 'ty in and for the -City of Pichfield,
Minnesota this 21st day of April, 1997.
Thomas E. Harms, Chair
ATTEST: `
ichael hl, Secretary