1999 HRA Resolution 0732
HRA RESOLUTION NO. 732
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
7241 SECOND 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:
7241 Second Avenue: Lot 14, Block 6, Wooddale Second Addition
WHEREAS
, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operations; and
WHEREAS
, the property meets all program requirements for acquisition; and
WHEREAS
, the HRA has a negotiated purchase price with the owner based on
the estimated market value; and
WHEREAS
, continued funding of the Project has been authorized by the HRA
and the purchase of this property is contingent upon receipt of those funds.
NOW, THEREFORE, BE ITRESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield:
1.The purchase price of 7241 Second Avenue is approved at $70,000.
2.The Chairperson and Acting Executive Director are authorized to execute
Purchase Agreements and other documents to effectuate purchases for
the amount set forth in this resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of September, 1999.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary