HRA RESO 25-04 - Authorizing Transfer HOPE Property at 1131 Lilac Drive North from the HRA to Magnolia Homes LLCHRA RESOLUTION NO. 25-04
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY LOCATED AT 1131
LILAC DRIVE NORTH TO MAGNOLIA HOMES, LLC, 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: 1131 Lilac 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 a public hearing; and
WHEREAS, a developer, Magnolia Homes, LLC, 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 that:
1. A public hearing has been held for 1131 Lilac Drive North and it is authorized
to be sold for $1 to Magnolia Homes, LLC in accordance with a Contract for
Development with the HRA.
2. The Chairperson and Director are authorized to execute a Contract for
Development and other agreements as required to effectuate the sale to
Magnolia Homes, LLC.
Adopted by the Housing and Redevelopment Authority in and for the City of Golden
Valley, Minnesota this 7th day of October 2025.
____________________________
Maurice Harris, HRA Chair
ATTEST:
______________________________
Noah Schuchman, Executive Director
Docusign Envelope ID: 583F2487-B9CE-45E5-BF5C-CAF71542ED27
EXHIBIT A
LEGAL DESCRIPTION
That part of Tract A described below:
Tract A. Lot 2, Block 2, Hipp's Addition, according to the plat thereof on file and of
record in the office of the County Recorder in and for Hennepin County, Minnesota;
the title thereto being registered;
which lies westerly of Line 1 described below:
Line 1. Commencing at the northwest corner of Section 19, Township 29 North,
Range 24 West, as shown on Minnesota Department of Transportation Right of Way
Plat No. 27-104 as the same is on file and of record in the office of the County
Recorder in and for Hennepin County, Minnesota; thence westerly on an azimuth of
269 degrees 45 minutes 11 seconds along the boundary of said plat for 79.92 feet to
the point of beginning of Line 1 to be described; thence on an azimuth of 180 degrees
16 minutes 03 seconds for 588.69 feet and there terminating.
Being Registered land as is evidenced by Certificate of Title No. 1440922.
Docusign Envelope ID: 583F2487-B9CE-45E5-BF5C-CAF71542ED27