01-813r
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HRA RESOLUTION NO. 813
RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY IDENTIFIED AS
REMNANT PARCEL 1, REMNANT PARCEL 2, REMNANT PARCEL 3, REMNANT
PARCEL 4, REMNANT PARCEL5ANO REMNANT PARCEL 6
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield (HRA) has acquired, or has initiated steps to acquire, property identified as
remnant parcel 1 , remnant parcel 2, remnant parcel 3, remnant parcel 4, remnant parcel 5
and remnant parcel 6; legally described in Exhibit A; and
WHEREAS, the HRA has identified the Best Buy Co., Inc. as a buyer of the
property; and
WHEREAS, Best Buy Co., Inc. has agreed to purchase the property from the HRA
in accordance with the terms of the Contract for Private Redevelopment by and between
the HRA and Best Buy Co., Inc., dated March 20, 2000; the First Amendment to Contract
for Private Redevelopment dated November 27,2000; and the Second Amendment to
Contract for Private Redevelopment, dated February 20, 2001; and
WHEREAS, the HRA is authorized to sell real property within it's area of operation
after a public hearing; and
WHEREAS, the public hearing has been held after proper notice; and
WHEREAS, the Planning Commission of the City of Richfield, on March 7,2001,
has made a determination that the disposition of the property for project purposes is
consistent with the Comprehensive Plan.
NOW, THEREFORE, BE IT RESOL VEO 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 real property described above.
2. The sale of property to Best Buy Co., Inc. in accordance with the terms of the (a)
Contract for Private Redevelopment by and between the HRA and Best Buy Co.,
Inc., dated March 20, 2000, (b) First Amendment to Contract for Private
Redevelopment dated November 27,2000, and (c) Second Amendment to
Contract for Private Redevelopment, dated February 20, 2001, is hereby
approved.
3. The Chairperson and Executive Director are authorized to execute any and all
documents and agreements necessary to implement this resolution.
Adopted by the Housing and Redevelopment A
Richfield, Minnesota this 16th day of April, 2001.
Michael Sa ,ahl, Secretary
EXHIBIT A
Remnant Parcel 1 :
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Street address: None assigned; part of 7ih Street West
Tax parcel PID: None
Legal Description:The North 60 feet of Tract M as measured along the East and
West lines of said Tract M, Registered Land Survey No. 800, Files of Registrar of
Titles, County of Hennepin (Torrens property; Certificate of Title No. 474766)
Remnant Parcel 2:
Street address: None assigned, part of 7ih Street West
Tax parcel PID: None
Legal Description:Tracts Band C, Registered Land Survey No. 618, Files of
Registrar of Titles, County of Hennepin. (Torrens property; Certificate of Title No.
376258)
Remnant Parcel 3:
Street address: None assigned; part of 7ih Street West I
Tax parcel PID: None
Legal Description: The North Thirty (30) feet of that part of the tract lying in the
South half (S %) of the Southwest Quarter (SW %) of the Southwest Quarter (SW
%) of Section Thirty Three (33), Township Twenty Eight (28), Range Twenty Four
(24) West, 4th Principal Meridian, and described as follows: commencing at a
point on the East line of the Southwest Quarter (SW %) of the Southwest Quarter
(SW %) of said section, distant 897.62 feet South from the Northeast corner
thereof; thence North 711.32 feet; thence West parallel with the North line of the
Southwest Quarter (SW %) of the Southwest Quarter (SW %) of said section to
the West line of the East one-eighth (E 1/8) thereof; thence South 711.31 feet;
thence East parallel with said North line to the point of beginning.
Remnant Parcel 4:
That part of Tract A described below:
Tract A:
The south one-half of that part of the Southwest Quarter of the Southwest Quarter I
of Section 33, Township 28, Range 24 West, Hennepin County, Minnesota
described as follows: Commencing on the southwest corner of said Section 33; .
thence running north 1313.7 feet; thence east 327.6 feet; thence south 1313.33
feet; thence west 328 feet to the point of beginning;
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Which lies easterly of the easterly line of Penn Avenue, northerly of Line 1
described below, easterly and northerly of Line 2 described below and southerly
and westerly of Line 3 dessrj~.e.9below:
Line 1: Beginning at a point on a line run parallel with and distant 656 feet east of
the west line of said Section 33, distant 120 feet north of the south line of said
Section 33; thence run northwesterly to a point on the west line of said Section
33, distant 355 feet north of the southwest corner thereof and there terminating;
Line2: Beginning at a point on the west line of said Section 33; distant 501.24
feet north of the southwest corner thereof; thence run easterly at an angle of 91
degrees 30 minutes 00 seconds from said west sectionline (measured from south
to east) for 125.65 feet; thence deflect to the right on a curve having a radius of
53 feet (delta angle 91 degrees 30 minutes 00 seconds) for 84.64 feet; thence on
tangent to said curve to an intersection with Line 1 described above and there
terminating;
Line 3: Beginning at a point on the west line of said Section 33, distant 535.26
feet north of the southwest corner thereof; thence run easterly at an angle of 88
degrees 30 minutes 00 seconds from said west section line (measured from north
to east) for 150.44 feet; thence deflect to the right on a curve having a radius of
62 feet (delta angle 91 degrees 30 minutes 00 seconds) for 99.01 feet; thence on
tangent to said curve for 210 feet and there terminating;
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also together with a triangular piece, being that part of Tract A herein before
described, which lies southerly of Line 2 described above, easterly of the easterly
line of Penn Avenue and northwesterly of the following described line: Beginning
at a point on the easterly line of Penn Avenue, distant 30 feet southerly of its
intersection with said Line 2; thence run northeasterly to a point on said Line 2,
distant 30 feet easterly of said intersection and there terminating;
also together with a triangular piece, being that part of Tract A herein before
described, which lies easterly of a line run parallel with and distant 33 feet
easterly of the west line of said Section 33, northerly of line 3 described above
and southwesterly of the following described line: Beginning at a point on said 33
foot parallel line, distant 31.37 feet northerly of its intersection with said Line 3;
thence run southeasterly to a point on said Line 3, distant 31.37 feet easterly of
said intersection and there terminating.
Remnant Parcel 5:
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Street address: None assigned; part of 78th Street West
Tax parcel PID: None
Legal Description: That part of the Southwest Quarter (SW~) of the Southwest
Quarter (SW~) of Section Thirty Three (33), Township Twenty Eight (28), Range
Twenty Four (24) West, 4th Principal Meridian, lying southwesterly of the following
described Line 1:
Beginning at a point on a line run parallel with and distant 656 feet east of the
west line of said Section 33, distant 120 feet north of the south line of said Section
33; thence run northwesterly to a point on the west line of said Section 33, distant
355 feet north of the southwest corner thereof and terminating.
And lying northerly of a line run parallel with and distant 180 feet northerly the
following described Line 2:
From a point on the southwest corner of said Section 33, run easterly at an angle
of 89 degrees 46 minutes 00 seconds from the west line of said Section 33
(measured from north to east) for 1359.14 feet to the point of beginning of Line 2
to be described; thence run westerly on the last described course for 89.23 feet;
thence deflect to the right on a 00 degree 30 minutes 00 second curve (delta
angle 04 degrees 39 minutes 00 seconds) for 930 feet; thence on tangent to said
curve for 77.19 feet; thence deflect to the left on a 01 degree 00 minute 00
second curve (delta angle 07 degrees 31 minutes 48 seconds) for 753 feet and
there terminating.
And lying easterly of the following described Line 3:
Beginning at a point on the west line of said Section 33, distant 501.24 feet north
of the southwest corner thereof; thence run easterly at an angle of 91 degrees 30
minutes 00 seconds from said west section line (measured from south to east) for
125.65 feet; thence deflect to the right on a curve having a radius of 53 feet (delta
angle 91 degrees 30 minutes 00 seconds) for 84.64 feet; thence on a tangent to
said curve to an intersection with Line 1 described above; then run southerly to a
point distant 165 feet northerly (measured at right angles) to a point on Line 2
described above distant 656.32 feet easterly of its point of termination and there
terminating.
said lines forming a triangle with dimensions of 226.47 feet along Line 1 and
216.21 feet along Line 2 and 59.91 feet along Line 3.
All according to the United States Government Survey thereof, and situate in
Hennepin County, Minnesota.
Remnant Parcel 6:
The North thirty (30) feet of the following described tract of land:
The South % of the following described tract of land:
That part of the Southwest % of the Southwest % of Section 33,
Township 28, Range 24, described as follows: Commencing at the
Southwest corner of said Section 33;
thence running North 1313.33 feet; thence East 327.60 feet; thence
South 1313.33 feet; thence West 328 feet to the point of beginning,
according to the United States Government Survey thereof and
situated in Hennepin County, Minnesota.
That part of the above described tract of land described as follows:
Commencing at the Southwest corner of Section 33, Township 28,
Range 24; thence North along the West line of the Southwest % of the
Southwest % of said Section 33, a distance of 355.0 feet; (said West
line of Southwest % of the Southwest %, having an assumed bearing
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of North) thence South 70 degrees 35 minutes 06 seconds East, a
distance of 34.99 feet, to the actual point of beginning of the land to
be described; (said point.B~il1~ ,the point of intersection of the East
right of way line of Penn' AvenUe and the North right of way line of
Interstate Highway No. 494) thence North along the East right of way
line of Penn Avenue, a distance of 313.48 feet, to the North line of the
above described tract of land; thence North 89 degrees 40 minutes
05 seconds East, along the North line of the above described tract, a
distance of 294.80 feet, to the Northeast corner of the above
described tract; thence South 0 degrees 01 minutes East, along the
East line of the above described tract, a distance of 419.14 feet, to the
North right of way line of Interstate Highway No. 494; thence North
70 degrees 35 minutes 06 seconds West, along the North right of way
line of Interstate Highway No. 494, a distance of 312.70 feet, to the
point of beginning, and situate in Hennepin County, Minnesota.
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