1977-6673
HRA RESOLUTION N0. 66
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY AND IMD~OVABLE
FIXTURES AT 6501 LYNDALE AVENUE SOUTH
WHEREAS, the Richfield Housing and .Redevelopment Authority (HRA)
proposes to purchase certain real. property and .immovable fixtures
as identified by the .fixture appraiser, pursuant to and in further-
ance 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 North 100 feet of Lot 9, Block 4,
J. N. Hauser's Second Addition, Hennepin County, Minnesota, 6501
Lyndale 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 immovable fixtures; 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 for
immovable fixtures; and
WHEREAS, the negotiations for the real property and immovable
fixtures 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 Richfield Housing and
Redevelopment Authority that the Executive Director is authorized
to execute the purchase agreement and to purchase the above--described
property for $125,738.
Passed by the'Housing and. Redevelopment Authority of the City of
Richfield this 11th day of October ~_. 1977 .
ATTEST:
Ivan Lud an Secretary
. Law