1977-7279
HRA RESOLUTION i~~NO. 72
RESOLUTION AUTHORIZING PURCHASE OF
' REAL PROPERTY LOCATED AT 6508 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 Lct 2, Block 4, J.N. Hauser's Second Addition,
Hennepin County, Minnesota; 650$ Grand Avenue South; and
WIiEREA5, 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 i'n 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
uthority that the Executive Director is authorized to execute the
purchase agreement and to purchase the above_described property
for $40,000.
Passed by the Housing and Redevelopment Authority of the City of
Richfield this 14th day of November , 1g77 ,
ore L. Law Chairman
ATTEST:
van ude an Secretary
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