1977-3541
HRA RESOLUTION NO. 35
RESOLUTION AUTHORIZING PURCHASE OF
° REAL PROPERTY AT 6610 GRAHAM AVENUE SOUTH
WHEREAS, the Richfield Housing and Redevelopment Authority
(HRA) proposes to purchase certain real property pursuant to and
in furtherance of the LyndalejHub/Nicollet Redevelopment Project,
heretofore adopted by the City of Richfield (the "City") and the
HRA, said real property being described as Lot 9, Block 3,
Fairwood Shores Addition, Hennepin County, Minnesota; and
WHEREAS, the Housing and Redevelopment Authority has caused
. appraisals of subject property to be made and has carefully
considered such appraisals; and
• WHEREAS, the Housing and Redevelopment Authority is
authorized by Minnesota Statutes, Section 462.445 to purchase
real property; and .
WHEREAS,. the Housing and Redevelopment Authority has
instructed the Executive Director and the HRA's Attorney to
commence negotiations for the purchase of the real property
described above; and
WHEREAS, the negotiations for the real property described
in the above agreement have resulted in the execution of a purchase
agreement by the owner(s);
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority that the Executive Director~is authorized
to execute the purchase agreement and to purchase the above-
described property for $38,000.
Passed by the Housing and Redevelopment Authority of the City of
Richfield this 23 day of t'aY 1 7.
• - ~.
• _F Lo en L. Law hairman
ATTEST:
e
Ivan Lu e n Secretary