HRA RES 2014-03 SALE OF 5725 3RD ST
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
HRA RESOLUTION NO. 2014-03
A RESOLUTION AUTHORIZING THE SALE OF RESIDENTIAL PROPERTY BY THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF
FRIDLEY, MINNESOTA
BE IT RESOLVED by the Board of Commissioners (the "Commissioners") of the Housing and
Redevelopment Authority in and for the City of Fridley, Minnesota (the "Authority") as follows:
Section 1. Recitals.
1.01. It has been proposed that the Authority sell certain residential property (the "Property")
described below:
PIN: Street Address
23-30-24-23-0160 5725 3rd Street NE
23-30-24-23-0161
Section 2. Findings.
2.01. The Authority hereby finds that it has approved and adopted its Redevelopment Plan for
its Redevelopment Project No. 1 (the "Redevelopment Program") pursuant to Minnesota
Statutes, Section 469.001 et seq.
2.02. The Authority hereby finds that it has approved and adopted TIF District #18, Gateway
West, pursuant to and in accordance with Laws of Minnesota 1995, Chapter 264, Article
5, Sections 44 through 47; Laws of Minnesota 1996, chapter 471, article 7, section 22;
Laws of Minnesota 1997, chapter 231, article 10, section 13; Laws of Minnesota 2002,
chapter 377, article 7, section 6; Laws of Minnesota 2008, chapter 154, article 9, section
19, and Laws of Minnesota 2010, Chapter 216, Section 42 (collectively “The Act”).
2.03. The Authority hereby finds that it has performed all actions required by Minnesota
Statutes for the sale of the Property.
2.04. The Authority hereby finds that the sale of the Property promotes the objectives as
outlined in its Redevelopment Program and the Plan.
Section 3. Approval of the Sale.
3.01 The sale of the Property is hereby approved for a price of not less than $30,000.
HRA Resolution 2014-03 Page 2
Section 4. Authorization for Execution and Delivery.
4.01. The Chairman, the Executive Director and Assistant Executive Director are hereby
authorized to execute and deliver any documents necessary to effect the sale of the
Property.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY, MINNESOTA, THIS 2nd DAY OF JANUARY,
2014.
____________________________________
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
________________________________________
WALTER T. WYSOPAL, EXECUTIVE DIRECTOR