06-19-89 agenda
HOUSING AND REDEVELOPMENT AUTHORITY
HRA LETTER NO. 17
June 19, 1989 Agenda
Issue Statement:
Adoption of resolution establishing just compensation and
authorizing the purchase of 7633 Emerson Avenue.
Background:
At the May•15, 1989 meeting of the HRA, Just Compensation and
authorization to purchase seven properties in the ILN 77th Street
right-of-way was granted. An additional owner at 7633 Emerson
Avenue has now indicated a desire to sell their property.
MNDOT rules are being followed in purchasing this property. It
has been appraised by Mark Hoffman and Bill Chase of Chase-
Brackett Company. Mr. Don Hennessy, a certified review
appraiser, reviewed the appraisal report. Just Compensation is
recommended at $75,000.
Recommended Motion:
Adopt the attached resolution which sets Just Compensation and
authorizes staff to negotiate and purchase 7633 Emerson Avenue at
$75,000, and authorize the Executive Director and HRA Chair to
execute purchase agreements in the amount of Just Compensation.
• Basis of Recommendation:
1. The property has been identified for acquisition in the
approved Plan.
2. MSA funds are available for the acquisition.
3. The owner has voluntarily indicated an interest in
receiving an offer to purchase.
4. Applicable MNDOT procedures are being followed.
5. Approval would be consistent with HRA action of May 15,
regarding seven other properties in the area.
Alternative Recommendation:
Not authorize negotiations and purchase.
Decision Mode:
The owner-seller is anxious to receive an offer.
Respectfully submitted,
is Jame osser
Exec ire
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JDP:sae
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•
HRA RESOLUTION NO.
RESOLUTION ESTABLISHING JUST COMPENSATION AND
AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
7633 EMERSON AVENUE SOUTH
WHEREAS, the Richfield Housing and Redevelopment Authority
(HRA) desires to purchase certain real property pursuant to and
in furtherance of the ILN Redevelopment Project (Project)
heretofore adopted by the City of Richfield (City) and the HRA,
said real properties being described as follows:
The North 75 feet of the South 235 feet of the West 1/2 of the
East 1/2 of the Northeast 1/4 of the Southwest 1/4 of the
Southeast 1/4 except the street (7633 Emerson Avenue).
WHEREAS, the HRA in and for the City of Richfield, is
authorized by Minnesota Statutes Section 469.012 to acquire real
property within its area of operation; and
WHEREAS, the Project identifies the location of these
properties as the site for public improvements to be constructed
by the city; and
• WHEREAS, the HRA is acquiring these properties on behalf of
the city to permit the installation of public improvements; and
WHEREAS, the HRA has caused appraisals of the subject
properties to be made by a qualified independent professional
real estate appraiser to determine its fair market value; and
WHEREAS, a Certified Review Appraiser has reviewed the
appraisal reports, and has prepared a written report setting
forth his opinion as to fair market value; and
WHEREAS, the funds are available from the Municipal State
Aid (MSA) made available by the state to the city.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That just compensation is determined to be $75,000.
2. That the Executive Director is authorized and directed to
commence negotiations for the purchase of said real
properties.
3. That the Chairman and Executive Director are authorized
to execute a Purchase Agreement for the amount of just
compensation set forth in this resolution.
0
4. That the Executive Director is hereby directed to notify
in writing the owners of subject properties as soon as
possible that the HRA intends to acquire his/her property.
5. That the conveyance of title to said real properties to
the city at the appropriate time is hereby authorized.
Passed by the Housing and Redevelopment Authority this 19th
day of June, 1989.
Thomas E. Harms, Chairman
ATTEST:
Joan Helmberger, Secretary
•
.7
7633 Emerson Avenue
• Single family rambler with brick/stucco exterior; about 33 years
old; basement is unfinished; 3 bedrooms, bath, living room, and
kitchen/dinette on first floor.
CJ
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