2000 HRA Resolution 0767
HRA RESOLUTION NO. 767
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED
AT 6800 LOGAN AVENUE FOR THE RICHFIELD REDISCOVERED PROGRAM
WHEREAS
, the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota (HRA) desires to purchase certain real property pursuant to and in
furtherance of the Richfield Rediscovered Redevelopment project (Project) heretofore
adopted by the City of Richfield (City) and the HRA, said real property being described as:
Lot 1, Block 6, Tingdale Bros.’ Lincoln Hills Second Addition, whose street address is 6800
Logan Avenue; and
WHEREAS
, the HRA is authorized by Minnesota Statues Section 469.012 to
acquire real property within its area of operation; and
WHEREAS
, the property meets all program requirements for acquisition; and
WHEREAS
, the negotiated purchase price of 6800 Logan Avenue is based on its
estimated market value; and
WHEREAS
, 1999 Richfield Rediscovered bond funds are available for program
acquisition.
NOW, THEREFORE, BE ITRESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota.
1.The purchase price of 6800 Logan Avenue is approved at $89,000.
2.The Chairperson and Executive Director are authorized to execute a
Purchase Agreement or other documents to allow purchase for the amount
set forth in this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of June, 2000.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary