HRA RES 1996-05 - 00001071HRA RESOLUTION N0. 5- 1996
A RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Fridley (the "Authority") has established the Scattered Site Acquisition
Program (the "Program") to acquire and demolish substandard residential
properties for the purposes of removing blight and improving neighborhoods;
and
WHEREAS, the Authority has acquired a site (the "Property") which is now ready
for redevelopment and legally described in Exhibit A; and
WHEREAS, the Authority has established guidelines for selling the Property and
has requested bids from private parties to redevelop the Property; and
WHEREAS, the Authority has conducted a public hearing as required by Minnesota
Statutes before selling the Property.
NOW, THEREFORE BE IT RESOLVED BY the Housing and Redevelopment Authority in
and for the City of Fridley, Minnesota as follows:
l. Sale of the property located at 623 Lafayette Street N.E. and legally
described in Exhibit A shall be awarded to Whitney Homes, Inc. for the
price of $18,000.
2. Award of the sale is subject to the buyer entering into a Sale and
Development Agreement with the Authority to ensure that the Property is
redeveloped in accordance with the Program guidelines.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 8TH DAY OF FEBRUARY, 1996.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. BURNS - EXECUTIVE DIRECTOR
Page 2-- HRA Resolution No. 5- 1996
Exhibit A
Lot 26, Block C, Riverview Heights, Anoka County, Minnesota and all of the
vacated Broad Avenue N.E., lying southerly of the westerly extension of the
northerly line and northerly of the westerly extension of the southerly line
on Lot 26.