91-7735R~96
RESOLUTION N0. 773,
RESOLUTION AUTHORIZING LOAN APPLICATION
FOR ACQUISITION OF 77TH STREET RIGHT-OF-WAY;
7644 TIiIRD 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 Third
Avenue; and
WHEREAS, City funds are presently not available for purchase
of real estate; and
WHEREAS, the Metropolitan Council under Minnesota Statute
473.167, Subd. 2 a. administers the Right-Of-Way Acquisition Loan
Fund (KALE) to acquire properties so situated with owners who are
experiencing a hardship; and
WfiEREAS, the Metropolitan Council has indicated that RALF
monies wculd be made available for the purchase of "hardship
properties" along 77th Street; and
WHEREAS, the owner of this property may qualify for purchase
under the hardship provisions of RALF.
NOW, THEREFORE, BE ZT RESOLVED by the City Council of the
City of Richfield, Minnesota, that the City Manager submit an
applicaticn to the Metropolitan Council under the RALF program
for purposes of initiating the process which may result in the
acquisition of the property at 7644 Third Avenue.
Adopted by the City Council of the City of Richfield,
Minnesota t.'zis 8th day of April, 1991.
Martin J. rsc.~, Mayor
ATTEST:
~'+~'L~.-y2
-` ~ ~
Thomas P. Ferber, City Clerk