08-21 HRA Resolution No. 1263
HRA RESOLUTION NO. 1263
RESOLUTION AUTHORIZING EXECUTIVE DIRECTOR AND CHAIRPERSON TO NEGOTIATE
PURCHASE OF REAL PROPERTY AT 6409 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:
6409 16th Avenue South
Lot 2, Block 2, Iverson’s 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 6409 16thAvenue is approved
in an amount not to exceed $198,000 (purchase price plus closing costs).
2. 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 21st day of August, 2017.
'1/7
Mary B. Suppl , Chair
ATI EST:
�,
Addi
Dofis Ruben, -in, Secretary