1978-9099
HRA RESOLUTION NO. 90
RESOLUTION AUTHORIZING PURCHASE OF
REAL PROPERTY AT 6538 GRAND AVENUE SOUTH
WHEREAS, the Housing & Redevelopment Authority of Richfield,
Minnesota'tHRAl Proposes to purchase certain real property pur-
suant to and in furtherance of the Lyndale/Hub/Nicollet Redevelop-
ment Project, heretofore adopted by the City of Richfield, (the
City} and the HRA, said real property being described as Lot 7,
Block 4, J. N. Hawser's Second Addition, Hennepin County of A2inne-
sota, 6538 Grand~Avenue South, and
WHEREAS, the HRA has caused appraisals of the subject pro-
perty to be made and has carefully considered such appraisals, and
WHEREAS, the HRA is authorized under Minnesota statutes,
Section .462.445 to purchase real property, and
WHEREAS, the HRA has instructed the Executive Director and
the HRA's attorney to commence negotiations for the purchase of
the real property described in the above agreement and such negot-
iations have resulted in the execution of a purchase agreement by
the owners;
NOW, THEREFORE, BE IT RESOLVED, by the Housing & Redevelopment
Authority, that the Executive Director is authorized to execute a
purchase agreement and to purchase the above-described property for
$53,500.00.
Passed this 27th day of March, 1978 by the Housing & Redevelopment
Authority of Richfield, Minnesota.
~~~
or n L. Law, Chairman
ATTEST:
Ivan Ludeman, ecretary