1977-5360
HRA RESOLUTION N0. 53
RESOLUTION ESTABLISHING JUST COMPENSATION
AND PROVIDING FOR THE COMMENCEMENT OF
NEGOTIATIONS FOR THE PURCHASE OF REAL PROPERTY
WHEREAS, the Housing and Redevelopment Authority of Richfield (HRA) desires
E to purchase- certain real property, pursuant to and in furtherances 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 7, Block 4, J, N. Hawser's 2nd Addn,, Plat 45552, Parcel 7200,
6538 Grand Avenue
WHEREAS, the HRA has caused appraisals of the subject property to be made,
has carefully considered such appraisals, and believes the work of such appraisers
was performed-in a competent manner and.in accordance with applicable law.
NOW, x'HEREFORE, BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY
OF RICHFIELD:
1. That'$53,500. is determined to be just compensation for the subject
real property. .
2. That the Executive Director and the HRA's Attorney are authorized and
directed to commence negotiations for the purchase of the real property described
above. '
3. Thal- the Executive Director is hereby directed to notify, in writing,
the owner of the subject property, as soon as passible, that the HRA presently
intends to acquire his property provided negotiations result in the determination
of a mutually agreeable sales price. The Executive Director shall include with
such notification a statement which complies with the requirements of regulations
of the Department of Housing and Urban Development, 24 C.F.R. X42.135.
4. That upon the completion of the negotiations, the Executive Director
shall report hack to the HRA with a proposal for the purchase of said real property
which is acceptable to the owner{s), and shall report his recommendation relating
to said proposal. .
Passed by:the Housing and Redevelopment Authority of Richfield this 8th day
of August, 1977.
~ ,~ re L. Law Cha rman
ATTEST:
~~
. Ivan Ludem Secretary