06-28-05 agendaCITY OF RICHFIELD
TUESDAY, JUNE 28, 2005
SPECIAL HOUSING AND REDEVELOPMENT AUTHORITY MEETING
RICHFIELD CITY HALL
EXECUTIVE CONFERENCE ROOM
12:00 P.M.
AGENDA
Call to order
HRA approval of agenda
2. Consideration of resolution establishing just compensation and authorizing
purchase of single family detached home at 6608-17th Avenue
Staff Report No. 25
Adjournment
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AGENDA ITEM # 2
REPORT # 7 S
STAFF REPORT
HOUSING AND REDEVELOPMENT
AUTHORITY MEETING
JUNE 28, 2005
REPORT PREPARED BY:
KATIA MEDVETSKI,
REDEVELOPMENT SPECIALIST
NAME, TITLE
REPORT PRESENTER:
DEPARTMENT DIRECTOR REVIEW:
REVIEWED BY EXECUTIVE DIRECTOR:
BRUCE PALMBORG,
COMMUNITY DEVELOPMENT DIRECTOR
NAME, TITLE
ITEM FOR HRA CONSIDERATION:
Consideration of a resolution establishing just compensation and authorizing the purchase of a
sin le famil detached home at 6608 17th Avenue.
I. RECOMMENDED ACTION:
By Motion: Adopt the attached resolution establishing just
com ensation and authorizin the urchase of 6608 17th Avenue.
II. BACKGROUND
• A single family, detached home located at 6608 17th Avenue was listed for sale
by the owner-occupant.
• Staff and City Council members thought it appropriate to pursue purchase of the
property at this time.
• The purchase of the property makes it possible for the homeowner to proceed
with their plans and minimizes the negative impacts of an uncertain future for the
homeowner.
• Plans for this portion of 17th Avenue will be solidified in the next two-three
months. The house may be needed for the alignment of the new intersection at
approximately 17th Avenue and 66th Street; it may be needed to help provide a
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site for a new liquor store or it may become a site for smaller commercial
redevelopment adjacent to 66th Street.
• While the future of the property will be decided in the next couple of months the
earliest the property would be needed would be in about one year. The Housing
and Redevelopment Authority (HRA) is well suited to manage a property for the
duration.
• The appraisal report for the property was recently completed. The certified fair
market value of the property is $219,000.
• The property owners may also be eligible for relocation benefits. These benefits
will be calculated. separately in accordance with the Uniform Relocation Act, as
amended.
• The Planning Commission will consider a finding of consistency with the
Comprehensive Plan on June 27, 2005 at their regular meeting.
III. BASIS OF RECOMMENDATION
A. POLICY
• In past situations the HRA has purchased and held property for future
redevelopment needs.
B. CRITICAL ISSUES
• The property owners have identified a new, replacement home and
time is of the essence to close on the purchase of this property.
C. FINANCIAL
• The HRA would recoup the funds from the City should the use of the
property be public or from a developer should the use be private as
part of a future redevelopment.
D. LEGAL
• Legal counsel has reviewed the proposal and the resolution.
IV. ALTERNATIVE RECOMMENDATION(S~
• Delay acquisition of this property.
• Direct staff to not proceed with purchase.
V. ATTACHMENTS
• Resolution
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• N/A
HRA RESOLUTION NO.
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 June, 2005.
Thomas E. Harms, Chair
ATTEST:
Kristal Stokes, Secretary
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