1977-77,f
.:.
84
• HRA RESOLUTION N0. 77
• - ~ -
..
RESOLUTION ESTABLISHSNG FAIR MARKET
VALUE AND PROVIDING FOR THE '
- ~ ~ ~ COMMENCEMENT OF NEGOTIATIONS FOR THE
' PURCHASE OF REAL PROPERTY
- AND IMMOVABLE FIXTURES ~-
(RICHFIELD CAR WASH) .
• WHEREAS, the Housing and Redevelopment Authority of Richfield
- (HRA) desires to purchase certain real property and .immovable fix-
tures as identified by the fixture appraiser, pursuant to and in
furtherance of the Lyndale/Hub/Nicollet Redevelopment Project here-
- tofore adopted by the. City of Richfield (City) and the HRA, said
real property being described as Tract .A, Registered Land Survey
•No.~ 1131; and .
- WHEREAS, the.HRA has causEd appraisals of the subject property
to be made, has carefully considered such appraisals,~and believes
the work of such appraisers was performed in a competent manner and
in accordance with applicable law; -
NOW, THEREFORE BE IT RESOLVED BY THE HOUSING AND REDEVELOPt,'lENT
AUTHORI'T`Y OF .RICHFIELD:
;'~ I. -That $]:94,844 is determined to be just compensation for
- the subject real property and immovable fixtures.
2. -That the Executive Director and the HRA's Attorney are
authorized and directed to commence negotiations for the: purchase of
the real property and immovable fixtures described above.
3. That the Executive Director is hereby directed to notify,
in writing, the owner of the subject property, as soon as possible,
that the HRA presently intends to acquire his property provided
negotiations result in the determination~of a mutually agreeable.
sales price. The Executive Director. shall include with such noti-
fication a statement which complies with the requirements of regula-
tions. of the Department of Housing and Urban Development, 24 C.F.R.
X42.135.
4. That upon the completion of the negotiations, the Executive
- Director -shall report back to the HRA with a proposal for-the
purchase of said real property and immovable fixtures which is
acceptable to the owners, and shall report his recommendation
relating to said proposal.
- Passed by .the Housing and Redevelopment Authority. of Richfield
ahis 20th day of ~_ December_ ~ , 19 77 .
ATTEST: ~- A ~
'an^Ludem~i, Secretary `-°' Loren L. Lai, C~iairman