1977-6774
HRA RESOLUTION NO. 67
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RESOLUTION AUTHORIZING PURCHASE OF~ -_
REAL PROPERTY LOCATED AT 6500 GRAND AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority of Richfield (HRA.)
proposes to purchase cartain real property 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 Lot 1, Block 4, J. N. Hawser's
Second Addition, Hennepin County, Minnesota; 6500 Grand Avenue South;
and ..
WHEREAS, the Housing and Redevelopn'-ent 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
WHEREAS, the negotiations for. the real property described in the
above agreement have resulted in the execution of a purchase agreement
by the owners};
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 $46,000.
Passed by the Housing and Redevelopment Authority of the City of
Richfield this 11th day of October , 1977 .
ATTEST:;
Ivan Lude n Secretary