1976-1821
HRA RESOLUTION N0. 18
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY LOCATED AT
719 GRAHAM AVENUE SOUTH
WHEREAS, the Richfield Housing ~ Redevelopment Authority (HRA) proposes to
purchase certain real property pursuant to and in furtherance of the Lyndale/
Hub/Nicollet Redevelopment project, heretofore adopted by the City of Richfield
(the "City") and the HRA, said real property being described as follows: Lot 6,
Block 3, Fairwood Shores, Hennepin County, l~finnesota, and
WHEREAS, the Housing ~ Redevelopment Authority has caused appraisals of sub-
ject property to be made and has carefully considered such appraisals, and
WI~REAS, the Housing ~ Redevelopment Authority .is authorized by Minnesota
Statutes, Section 462.445 to purchase real property, and
WHEREAS, the Housing ~ Redevelopment Authority has instructed the Executive
Director and the HRA's Attorney to commence negotiations for thepurchase of the
real property described above, and
WHEREAS, the negotiations for the real property described in the above agree-
ment have resulted in the execution of a purchase agreement,
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing ~ Redevelopment
Authority that the Executive Director is directed to execute the purchase agree-
ment and to purchase the above described property for Thirty-Seven Thousand Five-
Hundred and no/100 dollars ($37,500.00).
Passed by the Housing and Redevelopment Author
this 28th day of June, 1976.
ATTEST:
of the City of Richfield
A. P. erson Secretary