92-7857Ry
RESOLUTION N0. 7857
RESOLUTION AUTHORIZING LOAN APPLICATION
FOR ~ICQUISITION O:~ 77TH STREET RIGHT-OF-WAY
7644 CHICAGO AVENUE
WHEREAS, the City of Richfield, has adopted an official map
for improvements to 77th Street; and
WHEREAS, the improvements to 77th Street necessitate the
purchase of real estate including the property at 7644 Chicago
Avenue; and
WHEREAS, City funds are presently not available for purchase
of real estate; and
WHEREAS, the Metropolitan Council under Minnesota Statute
473.176, Subd. 2 a. administers the Right-Of-Way Acquisition Loan
Fund (RALF) to acquire properties so situated with owners who are
experiencing a hardship; and
WHEREAS, the Metropolitan Council has indicated that RALF
monies would be made available for the purchase of "hardship
properties" along 77th Stree~c; and
WHEREAS., the owner of this property may qualify for purchase
under the hardship provisions of RALF.
NOW, THEREFORE, BE IT P.ESOLVED by the City Council of the
City of Richfield, Minnesota that the City Manager submit an
application to the Metropolitan Council under the RALF program
for purposes of initiating the process which may result in the
acquisition of -she property at 7644 Chicago Avenue.
Adopted by ;;he City Council of the City of Richfield,
Minnesota this 23rd day of March, 1992.
~~G'i~ _.;__ .
Martin J.( Ki sch, Mayor
ATTEST:
`~ ~, ..~
Thomas P. Ferber, City Clerk