1998 HRA Resolution 0692
HRA RESOLUTION NO. 692
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
7529 HUMBOLDT 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:
7529 Humboldt Avenue: Lot 17, Block 18, Irwin Shores Addition
Address unassigned: That part of Lot 16, lying northeasterly of highway right-of-
way, Block 18, Irwin Shores; 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 an appraisal of the subject properties to be
made by a qualified, independent professional real estate appraiser and has negotiated
a purchase price 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 Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota.
1. The purchase price for 7529 Humboldt Avenue and the adjacent parcel is
approved at $3,371.00
2. 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 16th day of November, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary