23-08 Authorize Sale of Real Property at 47XX/4707 Circle Down to Greater Metropolitan HousingDocuSign Envelope ID: E553FOCB-362A-4ED6-8FAA-5DO69375D546
HRA RESOLUTION NO.23-28
A RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT
47XX/4707 CIRCLE DOWN TO GREATER METROPOLITAN HOUSING
CORPORATION 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: 47XX/4707 Circle Down, 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, Greater Metropolitan Housing Corporation, 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 47XX/4707 Circle Down and it is authorized
to be sold for $1 to Greater Metropolitan Housing Corporation 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 Greater
Metropolitan Housing Corporation.
Adopted by the Housing and Redevelopment Authority in and for the City of Golden
Valley, Minnesota this 5th day of July 2023.
DocuSigned by:
Maurice Harris, HRA Chair
ATTEST:
DocuSigned by:
DFN3AZ
Timothy J. Cruikshank, Executive Director
DocuSign Envelope ID: E553FOCB-362A-4ED6-8FAA-5DO69375D546
EXHIBIT A
LEGAL DESCRIPTION OF THE PROPERTY
Lot 2, Block 1, Moshou Addition, according to the plat thereof on file and of record in the
office of the County Recorder in and for Hennepin County, Minnesota.
(Abstract Property)
AND
That part of Tract A described below:
Tract A. Lots 1, 3, and 4, Block 1, Moshou Addition, according to the plat thereof on file
and of record in the office of the County Recorder in and for Hennepin County, Minnesota;
which lies northerly of Line 1 described below:
Line 1. Commencing at the east quarter corner of Section 30, Township 29 North, Range
24 West; thence westerly on an azimuth of 271 degrees 21 minutes 02 seconds along
the east and west quarter line thereof for 2652.57 feet to the center of said Section 30;
thence on an azimuth of 00 degrees 21 minutes 23 seconds for 701.35 feet to the point
of beginning of Line 1 to be described; thence on an azimuth of 284 degrees 30 minutes
39 seconds for 34.03 feet; thence on an azimuth of 230 degrees 05 minutes 25 seconds
for 2.96 feet; thence on an azimuth of 230 degrees 01 minute 59 seconds for 14.00 feet;
thence on an azimuth of 320 degrees 01 minute 50 seconds for 130.14 feet; thence on
an azimuth of 319 degrees 50 minutes 03 seconds for 144.27 feet; thence on an azimuth
of 320 degrees 28 minutes 03 seconds for 168.10 feet and there terminating.
(Abstract Property)