1997-64566
HRA RESOLUTION N0.645
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
6432-15TH AVENUE
WHEREAS, the Housing and Redevelopment Authority (HRA), owns certain real
property located at 6432-15th Avenue, legally described as Lot 9, Block 3, Nokomis
Gardens Rearrangement of Blocks 1, 2, 3, 4, and 5 Girard Parkview; and
WHEREAS, the HRA acquired the property so that Hennepin Technical College
(HTC) could construct a new single family home at 6432-15th Avenue, to be sold by the
HRA to a moderate income family; and
WHEREAS, the Crawford family has been identified as qualified purchasers for
6432-15th Avenue; and
WHEREAS, the conditions of the sale include a total sales price of $120,000; an
FHA first mortgage of payable to the lender; a lien of $25,000 payable to the HRA and
$2,000 earnest money; and
WHEREAS, the sale of 6432-15th Avenue may be authorized by the HRA
following a public hearing which considers the disposition of the property; and
WHEREAS, that hearing has been held following proper publication of notice.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the HRA Chairperson and
Executive Director are authorized to execute the purchase agreement and other
required documents so that the disposition of HRA owned property at 6432-15th
Avenue occurs as presented herein.
Adopted by the Housing and Redevelopment Auth rity in and for the City of
Richfield, Minnesota this 20th day of October, 1997. ,r
Thomas E. Harms, Chair
AT~'C~T:
rP` /
ichael ~ dahl, Secretary
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