Resolution No. 2023-04 Approving Purchase of 1340 Mississippi Street N.E.
Resolution No. 2023 - 04
Approving Purchase of 1340 Mississippi Street NE
Whereas, the City of Fridley and it’s Housing and Redevelopment Authority (Authority), has
identified the area near the intersection of Mississippi Street and Old Central Avenue as a priority
redevelopment area; and
Whereas, the Authority had initiated conversations to purchase properties in the area in 2019,
resulting in purchasing three adjoining parcels; and
Whereas, the Fannie Mae Corporation has agreed to sell the home at 1340 Mississippi to the
Authority for $175,000.
Now therefore, be it resolved, that the Authority approves the purchase and authorizes the
Assistant Executive Director to sign documents necessary to close on 1340 Mississippi Street NE.
Passed and adopted by the Housing and Redevelopment Authority in and for the City of
nd
Fridley this 2 day of February, 2023.
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Elizabeth Showalter – Chairperson
Attest:
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Walter T. Wysopal – Executive Director