1977-68~s
HRA RESOLUTION N0. 68
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY LOCATED AT 6501 GRAND AVENUE SOUTH
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 Lot 1, Block 3, J. N. Hauser's
Second Addition, Hennepin County, Minnesota; 6501-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
• 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 Execut.ive~Director is authorized to execute the .•
purchase agreement and to purchase the above-described-property
for• $45,000.
Passed by the Housing and Redevelopment Authority of the City of
Richfield this lit day of October . 1977. ~ •
ATTEST : ~, •
fl
1
Ivan Lude an Secretary
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