1978-8693
r
- HRA RESOLUTION N0. 86 .
- RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY AT 6520 GRA~1D AVENUE SOUTH
WHEREAS, the Housing and Redevelopment Authority of Richfield (HP~~)
-- proposes to purchase certain real property pursuant to and in furtherance
of the Lyndale/Hub/Nicollet Redevelopment Project, heretofore adcpted
by the City of Richfield (the "City") and the HRA, said real property
being described as Lot 4, Block 4, J. N. Hauser's Second Addition, Henne:~in
County, Minnesota; and
6VHEREAS, 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 IZ' RESOLVED by the Housing and Redevelopment
Authority of Richfield that the Executive Director is'authorized to
execute the. purchase agreement and to purchase the.above-described
property for $57,204. - .
Passed by the Hous=ing and Redevelopment Authority of. the Citf~ of Richfield
this ~ 3th day' of March 1978.
ATTEST:
r Law Chairman
Ivan Ludem n Secretary