1978-105HRA RESOLUTION N0. 105
RESOLUTION ESTABLISi-IING JUST COr~PENSATION
AND PROVIDING FOR THE COMMENCEMENT OF
NEGOTIATIONS FOR THE PURCHASE OF REAL -PROPERTY
(7104 - SECOND AVENUE)
_. WHEREAS, the Housing and Redevelopment Authority of
Richfield (HRA) desires to purchase certain .real property,
pursuant to and in furtherance of the New Home Program
heretofore adopted by the HRA, said real property being
described as follows:
Lot 2, Block 2, Wooddale Second Addition, Plat 46931,
Parcel 1210, 7104-Second Avenue South
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.
118
NOW, TIiEREEORE, BE IT RESOLVED BY TIIE HOUSING AND REDEVELOPMENT
AUTHORITY OF RICHFIELD:
1. That $22,800. is determined to be just compensation
for the subject real property.
2. That the .Executive Director is authorized and directed
to commence negotiations for the pruchase of the real property
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.
4. That upon completion of the negotiations, the Executive
Director shall report back to the HRA with a proposal for the
purchase of said real property which is acceptable to the owner,
and shall report his recommendation relating to said proposal.
Passed by the Housing and Re elopment Authority of
Richfield this. 26th day of ~Dece 1978.
L ren L. Law, hair_an
ATTEST:
~ ~~
Ivan Lude an Secretary