1977-5966
HF2A RESOLUTION lQ0 m 59
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY LOCATED AT 6507 GRAND AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority of Richfield (H RA)
proposes to purchase certain real property pursuant to`and in further-
ance of the Lyndale/Hub/Nicollet Redevelopment Pr-oject, heretofore
adopted by the City of Richfield (the "City°'} and the HRA, said
real. property being described as Lot 2, Black 3, J. N. Hawser's
Second Addition, Hennepin County, Minnesota; 6507 Grand Avenue South;
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
WHEREA5, 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 authorized to execute the.
purchase agreement and to purchase the above-described property
for $47,000.
Passed by the Housing and Redevelopment Authority of the City of