1998 HRA Resolution 0665
HRA RESOLUTION NO. 665
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6805 IRVING AVENUE, 7432 ALDRICH AVENUE AND 6915-13TH
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 properties being
described as follows:
6805 Irving Avenue: Lot 9, Block 2, Tingdale Bros. Lincoln Hills Addition
7432 Aldrich Avenue: Lot 9, Block 11, Irwin Shores Addition
6915-13th Avenue: Lot 7, Block 2, Richlands Addition; and
WHEREAS
, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS
, the properties meet all program requirements for acquisition; and
WHEREAS
, the HRA has caused appraisals of the subject properties to be
made by a qualified, independent professional real estate appraiser and has negotiated
purchase prices with the owners based on stated values; and
WHEREAS
, funds have been provided by the HRA and are available for
acquisition.
NOW, THEREFORE, BE ITRESOLVED
, by the Richfield Housing and
Redevelopment Authority:
1.The purchase prices are approved as follows:
AddressPurchase Price
6805 Irving Avenue$74,000
7432 Aldrich Avenue$69,000
6915-13th Avenue$73,000
2.That the Chairperson and Executive Director are authorized to execute a Purchase
Agreement and other documents to effectuate purchases for the amounts set forth
in this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of April, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary