1977-5865
~iRA RESOLUTION NO. 58
RESOLUTION AUTHORIZING PURCHASE OF
'-REAL PROPERTY LOCATED AT 612 WEST 66TH STREET
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 the East 35 feet of the
West 60 feet of the South 140 feet of Lot 9, Block 4, J. N. Hawser's
Second Addition, Hennepin County, Minnesota; 612 West 66th. Street;
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 FiRA'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 that the Executive Director~is authorised to execute the'
purchase agreement and to purchase the above-described property
for $48,121.
Passed by the Housing and Redevelopment Authority of the City of
Richfield th:~s 12th day of September . ~~;~~~ • ~
ATTEST.:
Ivan Ludem ~ Secretary
. "Law
airman