90-7614RRESOLUTION NO. 7fi14
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZZNG LOAN APPLICATION
FOR ACQUISITION OF 77TH STREET RIGHT-OF-WAY;
7645 1ST AVENUE SOUTH.
WHEREAS, the City of Richfield has adopted an official map
for improvements to 77th Street;
WHEREAS, the improvements to 77th Street necessitate the
purchase of real estate including the property at 7645 1st Avenue
South;
WHEREAS, city funds are presently not available for purchase
of real estate;
WHEREAS, the Metropolitan Council under Minnesota Statute
473.167, Subd. 2 a. administers the Right-Of-Way Acquisition Loan
Fund (RALF) to acquire properties so situated with owners who are.
experiencing a hardship;
WHEREAS, the Metropolitan Council has indicated that RALF
monies would be made available for the purchase of "hardship
properties" along 77th Street;
WHEREAS, the owner of this property may qualify for purchase
under the hardship provisions of RALF.
NOW, THEREFORE, BE IT RESOLVED 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 the property at 7645 lst Avenue South.
Adopted by the City Council of
Minnesota this 26th day of March, 1
ATTEST:
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Thomas P. Ferber, City Clerk