1999 HRA Resolution 0723
HRA RESOLUTION NO. 723
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
6901-12TH, 6929 QUEEN AND 6933 QUEEN AVENUES
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:
AddressLegal
6901-12th Avenue:Lot 10, Block 4, Richlands
6929 Queen Avenue:Lot 17, Block 16, Tingdale Bros.’ Lincoln Hills Third
Addn
6933 Queen Avenue: Lot 16 and the North ½ of Lot 15, Block 16, Tingdale
Bros.’ Lincoln Hills Third 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 U.S. Department of Housing and Urban Development, seller of
6901-12th Avenue, is selling the property at a cost significantly reduced from its
estimated market value; and
WHEREAS
, the negotiated purchase price of 6929 Queen Avenue is based upon
its estimated market value; and
WHEREAS
, the purchase price of 6933 Queen Avenue is based upon its current
estimated market value; and
WHEREAS
, purchases will not be made without the availability of funds for
program acquisitions.
NOW, THEREFORE, BE ITRESOLVED
by the Housing and Redevelopement
Authority in and for the City of Richfield, Minnesota.
1.The purchase price of 6901-12th Avenue is approved at $60,000.
2.The purchase price of 6929 Queen Avenue is approved at $69,500.
3.The purchase price of 6933 Queen Avenue is approved at $45,000.
4.The Chairperson and Acting Executive Director are authorized to execute a
Purchase Agreement or other documents to allow purchase 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 August, 1999.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary