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23-07 Authorize Sale of Real Property at 1605 Douglas Drive to Twin Cities Habitat for HumanityDocuSign Envelope ID: E553FOCB-362A4ED6-8FAA-5D069375D546 HRA RESOLUTION NO. 23-07 A RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT 1605 DOUGLAS DRIVE NORTH TO TWIN CITIES HABITAT FOR HUMANITY, INC, IN ACCORDANCE WITH A CONTRACT FOR DEVELOPMENT WHEREAS, The Housing and Redevelopment Authority in and for the City of Golden Valley (the "HRA") has been established by the city of Golden Valley (the "City") to promote development and redevelopment within the community; and WHEREAS, the HRA desires to develop certain real property pursuant to and in furtherance of the Home Ownership Program for Equity adopted by the HRA, said real property being described as follows: Address: 1605 Douglas Drive North, Legal: as described in Exhibit A, attached hereto; and WHEREAS, the HRA is authorized to sell real property within its area of operation after public hearing; and WHEREAS, a developer, Twin Cities Habitat for Humanity, Inc., has been identified as the purchaser of the described property and in accordance with a Contract for Development; and WHEREAS, a public hearing has been held after proper public notice. NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of Golden Valley: 1. A public hearing has been held for 1605 Douglas Drive North and it is authorized to be sold for $1 to Twin Cities Habitat for Humanity, Inc. in accordance with a Contract for Development with the HRA. 2. The Chairperson and Director are authorized to execute a Contract for Private Development and other agreements as required to effectuate the sale to Twin Cities Habitat for Humanity, Inc. Adopted by the Housing and Redevelopment Authority in and for the City of Golden Valley, Minnesota this 5th day of July 2023. DocuSigned by: aunce arris, HRA Chair ATTEST: DocuSigned by: r, 60 y "J."15uikshank, Executive Director DocuSign Envelope ID: E553FOCB-362A-4ED6-8FAA-5D069375D546 EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY Lots 1 and 2, Belmont, according to the recorded plat thereof, Hennepin County, Minnesota. (Abstract Property)