1998 HRA Resolution 0693
HRA RESOLUTION NO. 693
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
7133 LYNDALE 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 property being described
as follows:
7133 Lyndale Avenue: Lots 15 and 16, Block 8, Augsburg Park Addition
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 all program requirements for acquisition; and
WHEREAS
, the HRA has a negotiated purchase price with the owner based on
a reduction in the estimated market value; 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 of 7133 Lyndale Avenue is approved at $64,900.
2. That the Chairperson and Executive Director are authorized to execute
Purchase Agreements 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 16th day of November, 1998.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary