1997-62748
1
HRA RESOLUTION N0.627
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT
7421 EMERSON AVENUE TO STEVEN MARLIN GRANT 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: .
Address
7421 Emerson Avenue
Legal Description
Lot 18, Block 14
Irwin Shores 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
Address Sale Price Securi Builder
7421 Emerson Ave. $30,000 $30,000 Steven Marlin Grant 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 7421 Emerson Avenue is authorized to be
sold for $30,000 to Steven Marlin Grant Homes, Inc.
2. The Chairperson and Executive Director are authorized to execute Contracts for
Private Development and other agreements as required to effectuate the sale to
Steven Marlin Grant Homes, Inc.
Adopted by the Housing and Redevelopment ority in and for the City of
Richfield, Minnesota this 19th day of May, 1997.
Thomas E. Harms, Chair