05-950r
124
HRA RESOLUTION NO. 950
RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING
PURCHASE OF REAL PROPERTY LOCATED AT
6608 17TH AVENUE
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield (the "HRA") desires to purchase certain real property, said property being
described as:
6608 17th Avenue:
Lot 2, Block 1, Cedar Sunrise Addition, Hennepin County, Minnesota; and
WHEREAS, the HRA is authorized by Minnesota Statutes, Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, an appraisal for the subject property has been made by a qualified,
independent professional appraiser to determine fair market value of real estate in the
amount of $219,000; and
WHEREAS, Development Account funds are available for acquisition purposes; and
WHEREAS, the Planning Commission has made a finding of consistency of said
acquisition with the Comprehensive Plan pursuant to Minnesota Statutes, Section 462.356;
and
WHEREAS, the property owners have agreed to sell said property in the amount of
said fair market value.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows:
1. That the just compensation in the amount of $219,000 is hereby approved.
2. That the HRA is authorized to acquire said property in the amount of the just
compensation.
3. That the Chairperson and Executive Director are authorized to execute a purchase
agreement and to take other actions necessary to acquire the property depicted above
and relocate the property owners and other qualified individuals, if any, in accordance
with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of
1970, as amended.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 28th day of J 05.
ATTEST:
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Kristal Stokes, Secretary