2000 HRA Resolution 0774
HRA RESOLUTION NO. 774
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7601
PLEASANT AVENUE FOR REDEVELOPMENT
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 Redevelopment Project Area heretofore adopted by the City of
Richfield (City) and the HRA said real property being described as follows:
7601 Pleasant Avenue: Lot 1, 2, 3, Block 4 Soens Addition except the East 121.99,
Hennepin County
WHEREAS
,the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS
,the property meets requirements for acquisition; and
WHEREAS
, the purchase price is based on an appraisal; and
WHEREAS
, funds are available for acquisition from the Bonds of 1996.
NOW, THEREFORE, BE ITRESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield,
1.The purchase price of 7601 Pleasant Avenue is approved at $630,000.
2.Relocation benefits be made available according to state Statute.
3.That the Chairperson and Executive Director are authorized to execute a
purchase agreement and other documents to effectuate 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 21st day of August, 2000.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary