1977-62b9
HRA RESOLUTION NO. 62 .
RESOLUTION ESTABLISHIDIG JUST COMPENSATION'
. AND PROVIDING FOR THE COP9.MENCEMENT OF
NEGOTIATIONS FOR THE PURCHASE OF REAL
PROPERTY AND IMMOVABLE FIXTURES
- COUNTY KITCHEN RESTAURANT
WHEREAS, the Housing and Redevelopment Authority of Richfield (HRA)
desires to purchase certain real property and immovable fixtures as
identified by the fixture appraiser, pursuant to. and in furtherance of
the LyndaleJHub/Nicollet Redevelopment Project heretofore. adopted by the
City of Richfield (the "City01) and. the HRA, said real property being
described as follows:
That part of Lot 9 lying North of the South 140. feet thereof and
South of the North 278.45 feet thereof; also the North 117.56 feet
of Lot 10,-Block 4, J. N. Hauser's Second Addition, Hennepin
County, Minnesota, 65.31 Lyndale Avenue,, Country Kitchen Restaurant
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, THEREFORE, BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT
AUTHORITY OF RICHFIELD: '
1. That $354,676, is determined to be just compensation for the subject
eal property and immovable fixtures.
2. That the Executive Director and the HRA's Attorney are authorized
and directed to commence negotiations for the purchase of the real .property.
and immovable fixtures described above.
3. That the Executive Director is hereby directed to notify, in
writing the owner of the subject property, as soon as possible, 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. 42.135.
4. That upon the completion of the negotiations, the Executive Director
shall report back to the HRA with a proposal for the purchase of .said real
property. and immovable fixtures which is acceptable to the owner(s), and
shall report his recommendation relating to said proposal.
Passed by the Housing and Redevelopment Authority. `Richfield this 26 day
of September , 1977.
A
TIES r or L. Law
Ivan Lu ema Secretary