HRA RES 1995-20 35
HRA RESOLUTION NO. 20 - 1995
A RESOLUTION TO APPROVE THE SALE OF A PORTION OF THE
PROPERTY AT 533 JANESVILLE STREET N.E.
WHEREAS, the Fridley Housing and Redevelopment Authority (the "HRA") is the
owner of a vacant parcel of land legally described as Lots 15, 16, 17, the
southeasterly 20 feet of Lots 52 and 53, and the southerly 15 feet of Lot 54,
All in Block E, Riverview Heights, Anoka County, Minnesota (the "Property") ;
and
WHEREAS, the HRA has determined that it no longer needs a portion of the
Property for redevelopment purposes; and
WHEREAS, the HRA has been contacted by John Koehler, 528 Kimball Street N.E.
and John Olson, 538 Kimball Street N.E. (the "Buyers") , both of whom have
expressed interest in purchasing a portion of Property to combine with their
lots.
NOW, THEREFORE BE IT RESOLVED BY the Fridley Housing and Redevelopment
Authority as follows:
1. The Chair and Executive Director are authorized to execute documents for
the sale of Tract D and E as described in Exhibit A-2 to the Buyers.
2. The price of the land shall be $600 for Tract D and $225 for Tract E to
be paid in cash at time of closing.
3. The Buyers also agree to reimburse the HRA for any legal and survey
costs involved in the sale of Tracts D and E, also to be paid in cash at
time of closing.
4. The sale of Tracts D and E are contingent upon City Council approval of
a lot spilt request which is currently pending.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 9TH DAY OF NOVEMBER, 1995.
LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WILLIAM W. B - EXECUTIVE DIRECTOR