2000 HRA Resolution 0788
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RESOLUTION NO. 788
RESOLUTION OF THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
APPROVING APPRAISED VALUES OF PROPERTIES IN
PENDING CONDEMNATION ACTIONS
WHEREAS,
by Resolution No. 771, adopted on July 17, 2000 and Resolution
No. 781, adopted September 18, 2000, the Housing and Redevelopment Authority in and for
the City of Richfield (“HRA”) has authorized the acquisition of certain properties by eminent
domain, as more particularly described in said resolutions (the “Properties”); and
WHEREAS,
the HRA has retained qualified independent appraisers to determine the
fair market values of the real estate and immovable fixtures and equipment appurtenant
thereto; and
WHEREAS,
for those properties described in Resolution No. 771 the HRA has also
retained an independent review appraiser to review the appraisal reports for those properties;
and
WHEREAS,
by Resolution Nos. 771 and 781, the HRA delegated to its staff the
responsibility to review and approve the appraisal reports prepared by said appraisers prior to
making purchase offers to the owners of the Properties; and
WHEREAS,
the HRA desires to approve the appraised values of the Properties, as
determined by the independent appraisers and review appraisers.
NOW, THEREFORE, BE IT RESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows:
1.The HRA hereby approves the appraised values of the Properties, in the
amounts set forth on the attached Exhibit A.
2.TheHRA’s attorney and staff are authorized and directed to pay to the owners
of the Properties or to deposit with the court the amounts set forth on the attached Exhibit A
in accordance with Minnesota Statutes, Section 117.042.
Adopted by the Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota this 20th day of November, 2000.
ATTEST:Thomas E. Harms, Chairperson
______________________________
Mike Sandahl, Secretary
EXHIBIT A
PropertyProperty AddressesApproved
Appraised
Value
Amount
Walser BMW site7701 Newton Avenue South and 2000,$3,696,334
th
2016, 2020, 2022, 2024, and 2026 –78
Street West, Richfield
th
Walser Buick site2100 – 78 Street West and 7701 and$5,753,894
7745 Penn Avenue South, Richfield
Leaseback Properties7626-7644 Knox Avenue South,$580,000
siteRichfield
Leaseback Properties –7701 Morgan Avenue South, Richfield$110,000
Repro Printing site
Canine College site7713 Morgan Avenue South, Richfield$280,000
Century Lodge site7615 Logan Avenue South, Richfield$550,000