1977-7582
•, HRA RESOLUTION N0. 75 •
(• ~ RESOLUTION :AUTHORIZING -PURCHASE OF
MEAL PROPERTY AND IMMOVABLE FIXTURES
600 WEST 66TH STREET
WHEREAS, the Housing and RedevelopmentyAuthority of .Richfield
(HRA) proposes to purchase certain real property and immovable
- fixtures as identified by the fixture. appraiser, 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 that part of Lot 9, .
i :Block 4, J. N. Hauser`s Second Addition, commencing at-the Southeast
corner of Lot 9; thence North along the East line 140 feet; thence
West parallel with the South line 40 feet; thence. South and parallel
with the East line 140 feet plus or minus to beginning, Hennepin
County Minnesota; 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 negotia-
tions 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 owners;
NOWT THEREFQRE, BE TT RESOLVED, by~the Housing and, Redevelopment
Authority +hat the Executive Director is .authorized to execute the
purchase agreement and to purchase the above-described property for
$127', 872.
Passed this ZOth .day of December : 19~,L by the
Housing and Redevelopment Authority of Richfield, Minnesota.
e~L , hai
ATTEST: -
.~J
Ivan~Ludeman, ecretary