86-7206R82
RESOLUTION N0. 7206
RESOLUTION APPROVING PURCHASE OF PROPERTIES
LOCATED AT 6425 AND 6429 PORTLAND AVENUE
FOR PARK PURPOSES
'WHEREAS, in 1983 the Richfield Housing and Redevelopment
Authority purchased the properties at 6425 and 6429 Portland
Avenue for possible housing development; and
WHEREAS, the Richfield City Council has determined that this
property should be used ..for park development; and
WHEREAS, the Ri=hfield Housing and Redevelopment Authority
has indicated a willingness to sell these properties to the City
of Richfield; and
WHEREAS, a total purchase price including acquisition
appraisals and relocation costs, has been negotiated in the
amount of $81,881 for 6425 Portland Avenue and $92,781 for 6429
Portland Avenue; and
WHEREAS, funding is available for this purchase through the
1987 Capital Improvement Program for the Legion Lake Project.
NOW, THEREFORE, BE IT RESOLVED that .the City Council of the
City of Richfield hereby approves the purchase of 6425 and 6429
Portland Avenue for park purposes in the total amount of $174,662
to be paid to the Housing and Redevelopment Authority after
January 1, 1987.
PASSED by the City Council of
11th day of August, 1986. '`J
Ctyr.~q~f Richfield this
n Ham
ATTEST:
(~
Thomas Ferber, City Clerk
on Mayor