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05-947r 121 HRA RESOLUTION NO. 947 RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 6812 EMERSON LANE WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota ("the HRA") desires to purchase certain real property pursuant to and in furtherance of the New Home Program, said property being described as: 6812 Emerson Lane: As described in Attachment A; and WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to acquire real property within its area of operation; and and WHEREAS, a purchase price has been negotiated based on independent appraisal; WHEREAS, Development Opportunities funds are available for acquisition purposes. NOW THEREFORE, BE IT RESOLVED, by the City of Richfield Housing and Redevelopment Authority: 1. The purchase price for the property identified is approved at $275,000. 2. The Chairperson and Executive Director are authorized to execute a purchase agreement and to take other actions necessary to purchase the property for the amount set forth in this resolution. Adopted by the Housing and Redevelopment Authorit Richfield, Minnesota on this 20th day of June, 2005. d for the City of -" ATTEST: ~.x-HtM ristal Stokes, Secretary Attachment A 6812 Emerson Lane is described as follows: That part of Government Lot 6, Section 28, Township 28, North Range 24, West of the 4th Principle Meridian, described as follows: Commencing at the Northeast corner of the West 20 acres of said Government Lot 6; thence East along Fort Snelling and Minnetonka Road 160 feet; thence South to the shore of Wood Lake; thence along the said Shore to the East line of said 20 acres; thence North to place of beginning, EXCEPT the North 783 feet thereof; AND EXCEPT that part of Government Lot 6, Section 28, Township 28, Range 24, Hennepin County, Minnesota, described as follows, to-wit: Beginning at a point on the West line of Lot 6, "Vehe Addition", 16 feet North of the Southwest corner thereof; thence West on a line parallel with the Northerly line of said Government Lot 6 a distance of 148.0 feet; thence South on a line parallel with the East line of the West 20 acres of said Government Lot 6 to its place of intersection with the Northerly line of West 68th Street; thence Northeasterly along the Northerly line of said West 68th Street to the Southwesterly corner of Lot 7, "Vehe Addition"; thence North along the West line of said Lots 6 and 7, "Vehe Addition", to the point of beginning; AND EXCEPT That part of Government Lot 6, Section 28, Township 28, Range 24, lying South of the following described boundary line, to-wit: Commencing at the Southeast corner of Lot 7, "Vehe Addition"; thence Southwesterly a distance of 135.35 feet to the Southwest corner of said Lot 7, "Vehe Addition", to the actual point of beginning; thence continuing Southwesterly on an extension of the South line of said Lot 7, "Vehe Addition" to the East line of the West 20 acres of Government Lot 6, Section 28, Township 28, Range 24, ALSO; The East 10 feet of the North 783 feet of that part of Government Lot 6, lying West of the West line of Payton Manor and the same extended, Section 28, Township 28, Range 24, Hennepin County, Minnesota, according to the United States Government Survey thereof and situate in Hennepin County, Minnesota. ALSO; That part of the south 1 0 acres of the west 20 acres of Government Lot 6 of Section 28, Township 28 North, Range 24 West, together with that part of dried up lake bed of Wood Lake appurtenant thereto, lying easterly of Trunk Highway No. 65 as located and established on March 23, 1956; which lies between two lines run parallel with and distant.1 foot and 21 feet westerly of the east line of the above described tract, northerly of a line run parallel with and distant 1 foot north of the south line of said tract, and southerly of the following described line: Beginning at a point on a line run parallel with and distant 783 feet south of the east and west quarter line of said Section 28, distant 55 feel westerly of its intersection with a line run parallel with and distant 10 feet west of the west line of Payton Manor extended southerly; thence run southwesterly to a point on the east line of the above described tract distant 345 feet north of the southeast corner thereof; thence continue southwesterly on the last described course for 60 feet and there terminating: Except that part of Government Lot 6, Section 28, Township 28, Range 24, shown as parcel 65A on Minnesota Department of Transportation right of way plat numbered 27-111 as the same is on file and of record in the office of the county recorder in and for Hennepin County, Minnesota. Except the South 12.0 feet or the North 45.0 feet of the following described tract: the East 10 feet for the No~p.Z~9 feet of that part of government Lot 6, lying west of the west line of Payton Man'6r and the same extended, Section 28, Township 28, Range 24 Hennepin County, Minnesota, together with right of access, begin the right of ingress and egress from that part of the above described tract not acquired to C.S.A.H. No. 53.