1977-56r
..
0
%iRA RESOLUTION NO. ~ 56
63
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY AT 6526 GRAND AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority of Richfield
(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 Lot 5, Hlock 4,
J. N. Hauser's Second 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 4.62.445 to purchase
real property; and e
1
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 Housing and Redevelopment
Authority of Richfield that the Executive~Director is authorized
to execute the purchase agreement and to purchase the above-described
property for $45,500.. ~.
Passed by the Housing and Redevelopment~Authority of the City of
Richfield t~iis 22nd day of ' ~"
ATTEST:
Ivan Lude n ecretary