15-1200r HRA RESOLUTION NO._1200
RESOLUTION AUTHORIZING EXECUTIVE DIRECTOR AND CHAIRPERSON TO
NEGOTIATE PURCHASE OF REAL PROPERTY AT 6333 16TH AVENUE AND
6401 16TH AVENUE
WHEREAS, the Housing and Redevelopment Authority (HRA) in and for the City of
Richfield, Minnesota is supportive of the furthering the goals of the Cedar Avenue Corridor
Redevelopment Area;
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real
properties pursuant to and in furtherance of the Cedar Avenue Corridor Redevelopment
Area, said properties being described as:
6333 16th Avenue South
Lot 6, Block 1, Iversons 2nd Addition, Hennepin County (Abstract)
AND
6401 16th Avenue South
Lot 1, Block 2, Iversons 2nd Addition, Hennepin County (Abstract)
WHEREAS, the HRA proposes to hold the property for as part of the future
redevelopment in the Cedar Avenue Corridor area; and
WHEREAS, HRA Development Funds are available for acquisition and removal
purposes; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation;
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota:
1. The purchase price for the property identified as 6333 16th Avenue is
approved in an amount not to exceed $190,000 (purchase price plus
closing costs).
2. The purchase price for the property identified as 6401 16th Avenue is
approved in an amount not to exceed $190,000 (purchase price plus
closing costs).
3. The Chairperson and Executive Director are authorized to execute the
Purchase Agreements and to take other actions necessary to purchase
the properties 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 March, 2015.
‘--/7/12'01_, (74 //7174_,,,
Mary B. Supple, Chair
ATTEST:
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Doris Rubenstein, Secretary