07-22-91 agendaSPECIAL HOUSING AND REDEVELOPMENT AUTHORITY MEETING
JULY 22, 1991
6:15 P.M.
COUNCIL CHAMBERS
AGENDA
CALL TO ORDER
APPROVAL OF MINUTES OF SPECIAL HRA MEETING OF JUNE 10, 1991.
1.. OPPORTUNITY FOR CITIZENS TO ADDRESS THE HRA ON ITEMS NOT ON
THE AGENDA-
2. PUBLIC HEARING AND CONSIDERATION OF A RESOLUTION APPROVING
THE CONVEYANCE OF LAND TO BRADLEY REAL ESTATE TRUST
(BRADLEY), HUB WEST.
HRA LETTER NO. 27
ADJOURNMENT
Housing and Redevelopment Authority
HRA Letter No. 27
Agenda July 22, 1991
Issue Statement:
Public hearing and consideration of a resolution approving the
conveyance of land to Bradley Real Estate Trust (Bradley), Hub
West.
Background•
On July 8,•1991, the HRA approved a resolution authorizing the
acquisition of four parcels in Hub West by eminent domain.
(Those four parcels are depicted on the attached map and
described in the attached resolution.) The purpose of the public
hearing is to consider the sale of these four gap parcels to
Bradley.
In previous public hearings (January 22 and June 10), the HRA has
authorized the sale of property to Bradley. However, subsequent
title work by a surveyor and attorneys for Bradley and their
lenders as well as HRA legal counsel concluded that errors of
omission were made in the legal description of property. The
errors resulted in four land areas being excluded from the legal
descriptions. Thus, the label "gaps." Specifically, the gaps
resulted because of the following: Parcel D resulted from an
incaccurate platting of the Hub Superblock created by the J. C.
Penny development. He other gaps resulted from parcel
conveyances made between 1927 and 1932 by R. Jensen, the owner at
that time. R. Jensen did not convey all of the property in the
legal descriptions.
It was the intent of the HRA in their previous land conveyance
actions to Bradley to include this land as well.
Recommended Action:
Hold the public hearing on the sale of the four parcels and adopt
the resolution which authorizes conveyance to Bradley.
Basis of Recommendation:
1. The conveyance is consistent with all previous actions of the
HRA which support Bradley as the redeveloper.
2. The size and location of the parcels make them practical for
use only by Bradley.
3. The financial transaction is not impacted as it was assumed
that this land was previously authorized to be conveyed to
Bradley.
4. Legal requirements were met as notice of the public hearing
was published in the Sun-Current on July 10, 1991.
Alternative Recommendation:
1. Delay action to a future date.
2. Refuse to take action.
Discussion/Decision Mode:
Failure to authorize the conveyance of this property in a timely
manner could seriously jeopardize the project and would violate
the good faith in which all parties have been pursuing the
development.
Respectf ly submitted,
Jame Prosser
Exec ive Director
JDP:DS
[LHN]HRAResol-GAP
HRA RESOLUTION NO.
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO THE SALE OF CERTAIN LAND LOCATED WITHIN
THE LYNDALE/HUB/NICOLLET COMMERCIAL IMPROVEMENT
PROJECT AREA
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (HRA) desires to redevelop
certain real property pursuant to and in furtherance of the
"Lyndale/Hub/Nicollet Commercial Improvement Program" (the
"Plan"), heretofore adopted by the City of Richfield (City) and
the HRA, said real property being described as follows:
Parcel Identification:
Parcel Aii
Legal Description:
All that part of Lot 3, Block 1, Richfield Hub Superblock, as
platted and of record in the office of the County Recorder,
Hennepin County, Minnesota, lying Easterly of the following
described line:
Commencing at the Southwest corner of the Southeast Quarter
of the Northwest Quarter of Section 27, Township 28 North,
Range 24 West; thence East 25 feet along the South line of
said Southeast Quarter of the Northwest Quarter; thence
North parallel with the West line of the said Southeast
Quarter of the Northwest Quarter 660 feet; thence East
along a line drawn parallel with the North line of the
South 53-1/3 rods of the said Southeast Quarter of the
Northwest Quarter as measured perpendicular to the said
North line a distance of 303.7 feet to the point of
beginning of the line to be described; thence South 660
feet to a point in the South line of the said Southeast
Quarter of the Northwest Quarter which is 327.90 feet East
of the point of commencement and there terminating.
Parcel Identification:
Parcel D
Legal Description:
That part of the Southeast Quarter of the Northwest Quarter of
Section 27, Township 28, Range 24, Hennepin County, described as
follows:
Commencing at the intersection of the Southerly extension
of the Westerly line of Lot 3, Block 1, Richfield Hub
Superblock, as platted and of record in the office of the
County Recorder and the Southerly line of said Southeast
Quarter of the Northwest Quarter; thence North 00 degrees
20 minutes 18 seconds East along said Southerly extension,
a distance of 183.00 feet to the most Westerly-Southwest
corner of said Lot 3; thence North 89 degrees 59 minutes
52 seconds East along the Southerly line of said Lot 3,
a distance of 37.24 feet to the intersection with a line
drawn parallel with and 72.90 feet Easterly of as measured
perpendicular to the Westerly line of said Southeast
Quarter of the Northwest Quarter said intersection being
the actual point of beginning; thence continue North 89
degrees 59 minutes 52 seconds East, a distance of 10.89 feet
to a Westerly line of said Lot 3; thence South 00 degrees
25 minutes 38 seconds West along said Westerly line 33 feet
to the Southerly line of said Lot 3; thence Westerly along
the extension Westerly of the said Southerly line of
Lot 3 to its intersection with said line drawn parallel with
and 72.90 feet Easterly of said Westerly line of said
Southeast Quarter of the Northwest Quarter; thence Northerly
along said parallel line to the point of beginning.
Parcel Identification:
Parcel E
Legal Description:
The Westerly 15 feet of the following described property:
All that part of the Southeast Quarter of the Northwest Quarter
of Section 27, Township 28, Range 24, Hennepin County, described
as follows:
Beginning at the most Easterly Southwest corner of Lot 3,
Block 1, Richfield Hub Superblock, according to the recorded
plat thereof; thence North 89 degrees 59 minutes 52 seconds
East along the Southerly line of said Lot 3 to the
intersection with a line drawn parallel with and 282.00
feet Easterly of, as measured perpendicular to the
Southerly extension of the most Westerly line of said Lot 3;
thence South 0 degrees 20 minutes 18 seconds West along
said parallel line to the North line of the South 141.58
feet of said Southeast quarter of the Northwest Quarter;
thence South 89 degrees 59 minutes 52 seconds West along
said North line of the South 141.56 feet to its intersection
with a line drawn parallel with and 72.90 feet Easterly of
as measured perpendicular to the Westerly line of said
Southeast Quarter of the Northwest Quarter; thence
Northerly along said parallel line to its intersection
with the extension Westerly of the Southerly line of said
Lot 3; thence Easterly along the extension Westerly of
the said Southerly line to the point of beginning.
Parcel Identification:
Parcel H
Legal Description:
All except the South 43.00 feet of the Southeast Quarter of the
Northwest Quarter of Section 27, Township 28, Range 24, Hennepin
County, lying Southerly of the South line of Lot 3, Block 1,
Richfield Hub Superblock, as platted and of record in the office
of the County Recorder, lying Westerly of the West line of said
Lot 2, said Block 1 and lying Easterly of the following described
line:
Commencing at the Southwest corner of said Southeast
Quarter of the Northwest Quarter; thence Easterly along
the Southerly line of said Southeast Quarter of the
Northwest Quarter, a distance of 25.00 feet; thence
Northerly, parallel with the Westerly line of said
Southeast Quarter of the Northwest Quarter, a distance of
660.00 feet; thence Easterly, parallel with the North line
of the South 53-1/3 rods of said Southeast Quarter of the
Northwest Quarter, a distance of 303.70 feet to the point
of beginning of the line to be described; thence Southerly
to a point on said Southerly line, distant 327.90 feet
Easterly of the point of commencement and there terminating.
WHEREAS, the HRA is authorized to sell real property within
its area of operation after public hearing; and,
WHEREAS, a developer, Bradley Real Estate Trust, a
Massachusetts business trust, (Bradley) has been identified as
the purchaser of the described property, in accordance with a
development contract by the HRA and Bradley; and,
WHEREAS, the public hearing has been held after proper
public notice; and,
WHEREAS, for purposes of Minn. Stat. Section 462.356
Subdivision 2., the HRA finds that this proposed disposition has
no relationship to the Comprehensive Municipal Plan.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority that the described real property is sold
to Bradley Real Estate Trust in accordance with a development
contract by the HRA and Bradley.
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield, Minnesota this 22nd day of July, 1991.
Thomas E. Harms, Chairperson
ATTEST:
Joan Helmberger, Secretary
L E Q E N D Perauel w~tn me No~in I~ne of the So~ln
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