1997-62647
HRA RESOLUTION N0.626
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY
LOCATED AT 6205 MORGAN AVENUE TO SHADE TREE CONSTRUCTION, INC,
AND 715 THIRD AVENUE AND 2517 WEST 70TH STREET TO ROCKPORT
HOMES, INC. IN ACCORDANCE WITH DEVELOPMENT AGREEMENTS
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 attached; and
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
development agreements are negotiated as follows:
Performance
Address Sale Price Securi Builder
6205 Morgan Avenue $27,000 $27,000 Shade Tree Construotion, Inc.
7415 Third Avenue $32,000 $32,000 Rockport Homes, Inc.
2517 West 70th Street $32,000 $32,000 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:
A public hearing has been held and 6205 Morgan Avenue is authorized to be sold
for $27,000 to Shade Tree Construction, Inc.; 7415 Third Avenue is authorized to
be sold for $32,000 to Rockport Homes, Inc.; and 2517 West 70th Street is
authorized to be sold for $32,000 to Rockport Homes, Inc. in accordance with
development agreements with the HRA.
2. The Chairperson and Executive Director are authorized to execute Contracts for
Private Development and other agreements as required to effectuate the sales to
Shade Tree Construction, Inc. and Rockport Homes, Inc.
Adopted by the Housing and Redevelopment A rity in and for the City of
Richfield, Minnesota this 21st day of April, 1997.
T omas E. Harms, Chair
A ST:
Michael Sand ,Secretary