HRA RES 1995-21 36
HRA RESOLUTION NO. 21 - 1995
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 several residential sites (the
"Properties") which are ready for redevelopment; and
WHEREAS, the Authority has established guidelines for selling the Properties
and has requested bids from private parties to redevelop the Properties; and
WHEREAS, the Authority has conducted a public hearing as required by Minnesota
Statutes prior to awarding the sale of the Properties.
NOW, THEREFORE BE IT RESOLVED BY the Housing and Redevelopment Authority in
and for the City of Fridley, Minnesota as follows:
1. Sale of the properties shall be made to the highest and most responsible
bidders, as follows:
Address High Bidder Amount ff
5720 Polk Street Whitney Homes $20,000
623 Lafayette Street Tams, Inc. $18,500
533 Janesville Street Diane Schommer $19,500
5973 - 3rd Street Tams, Inc. $ 6,000
5924 - 2nd Street Tams, Inc. $12,000
2. Each successful bidder must execute a Sale and Development Agreement
with the Authority by no later than December 24, 1995 or within 45 days
of the bid award, or shall forfeit all earnest money and any interests
in and to the Properties.
3. The bids received for 5981 - 3rd Street NE shall be rejected and new
offers will be accepted until December 1, 1995.
PASSED AND ADOPTED BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF FRIDLEY THIS 9TH DAY OF NOVEMBER, 1995.
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LAWRENCE R. COMMERS - CHAIRMAN
ATTEST:
WLLIAM W. B S - EXECUTIVE DIRECTOR