1998 HRA Resolution 0677
HRA RESOLUTION NO. 677
RESOLUTION AUTHORIZING SALE OF REAL PROPERTY AT
NORTHWEST QUADRANT OF LAKE SHORE DRIVE AND LYNDALE AVENUE
(GRAMERCY SENIOR HOUSING COOPERATIVE PROJECT)
WHEREAS,
on May 18, 1998, the Housing and Redevelopment Authority in and
for the City of Richfield, Minnesota (the “HRA”) approved the Modified Redevelopment
Plan for the Richfield Redevelopment Project Area, established the Gramercy Tax
Increment Financing District and adopted the Tax Increment Financing Plan relating
thereto (collectively, the “Plans”); and
WHEREAS,
on June 22, 1998, the City of Richfield, Minnesota (the “City”), after
public hearing, approved the Plans; and
WHEREAS,
on July 20, 1998, the HRA approved a Contract for Private
Redevelopment (the “Contract”) with Gramercy Park Cooperative Lake Shore Drive (the
“Developer”) for the Gramercy Senior Housing Cooperative (the “Project”); and
WHEREAS,
the Plans and Contract call for the HRA to assist the Developer
through the redevelopment process; and
WHEREAS
, the HRA has authorized condemnation to take certain real estate
interests; and
WHEREAS
, the City Council must take actions related to the zoning ordinance;
and
WHEREAS,
the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS,
said real property (the “Property”) to be sold to the Developer is
described in Attachment A; and
WHEREAS,
the public hearing has been held after proper public notice; and
WHEREAS,
the Planning Commission has found the disposition of the Property
consistent with the Comprehensive Plan.
NOW, THEREFORE, BE IT RESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows:
1.A public hearing has been held on the sale of the real property described in
Attachment A.
2.That sale is subject to obtaining all the real estate interests necessary for the
project to proceed and the granting by the City Council of the appropriate zoning
and conditional use permit.
HRA Resolution 677-2-
3.That the Chairperson and Executive Director are authorized to execute any and all
agreements required to effectuate this resolution.
4.That the Contract contains terms and conditions of the sale.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 17th day of August, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary