1979-114127
HRA RESOLUTION N0. 114
LJI
1
RESOLUTION ESTABLISHING FAIR i~iARKET VALUE
AND AUTHORIZING THE C03IAtENCE~tENT OF
NEGOTIATIONS FOR THE PURCHASE _! OF REAL PP~OPERTY
6744 BZAISDELL AVENUE
~YHEREAS, the Richfield Housing and Redevelopment Authority
(HRA) desires to purchase certain real properties pursuant to and
in furtherance of the New Home Probram heretofore adopted by the
City of Richfield (the "City")'and the HRA; said real property
being described as follows:
6744 Blaisdell Avenue So., Lot 3, Block 2, Oal~lane Addition, -
Hennepin Co., MN; Plat 45960, Parcel 4500.
SYHERE~iS, the HEA has caused apprais~as of the subject property
to be made, has carefully considered such appraisals, and believes
the work of such appraiser was performed in a competent manner and in
accordance with applicable la~v; and
tiYHEREAS, the Housing and Redevelopment Authority is authorized
by b4innesota Statutes Section 462.445 to purchase real property;
NOjY, THEREFORE, BE IT RESOLVED BY_ THE HOUSING AND F,,EDEVELOP~iENT
AUTHORITY OF RICHFIELD, btINNESOTA:
1. That $20,000 is determined to be fair market value for
the subject real property.
2. That the Executive Director and the HRA's attorney are
authorized and directed to commence negotiations for the purchase 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 mutualls~ agreeable
sales price. The Executive Director shall include with such noti-
fication a statement which complies with the requirements of regu-
lations of the Department of fiousing and Urb~.n Development, 34 C.F.R.
X42.135.
4. That upon the completion of the negotiations, the Executive
Director shall report back to the HP~a with a proposal for the purchase
of said real property which is acceptable to the owner(s), and shall
report his recommendation relating to said proposal.
Passed by the Iicusins and
this 12th day of March, 1979.
ATTEST:
redevelopment authority of Richfield
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