1979-115128
HRA RESOLUTION N0. 115
RESOLUTION ESTABLISHING FAIR i~19RgET VALUE
AND AUTHORIZING THE CO1I111ENCE~~tENT OF
NEGOTIATIONS FOR THE PURCHASE OF REAL PF~OPERTY
6530. BLOOMINGTON AVENUE
jVHEREAS, the Richfield Housing and Redevelopment Authority
(HRA) desires to purchase certain real properties pursuant to and
in furtherance of the Nety Home Program heretofore adopted by the
City of Richfield (the "City") and the HRA; s-aid real property
being described as follows:
-6530 Bloomington Avenue So., Lot 6, Block 5, Nokomis Gardens
. Rearrangement of Blocks 1, 2, 3, 4, and 5. Girard Parkview
Addition, Plat 45940, Parcel 4700
`ViIERE'AS, the HRA has caused appraisals 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 law; and
=_~;
tiVHEREAS, the Housing and Redevelopment Authority is authorized
by D4innesota Statutes Section 462.445 to purchase real property;
NOtiI', THEREFORE, BE IT RESOLVED BY THE HOUSING AND F~EDEVELOP!iENT
AUTHORITY OF RICHFIELD, i+SINNESOTA:
1. That $27,500. 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 mutually 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 Urban Development, 24 C.F.R.
X42.135.
4. That upon the completion of the negotiations, the Executive
Director shall report back to the HFtA with a proposal for the purchase
of said real property which is acceptable to the owner(s), and shall
report his recommendation relatin to said proposal.
Passed by the Iiousin~ and
this 12th day of March, 1979.
ATTEST:
Pedevelopme :luthority of Richfield
Lo en L. ati ~ltairman
V. Luettionge~r s e c r e t a r y