1979-125•~
).
.;
HRA RESOLUTION NO. 125
RESOLUTION AUTHORIZING EXECUTION
OF DEVELOPER'S AGREEMENT, AUTHORIZING
THE PURCHASE OF CERTAIN REAL PROPERTY
AND AUTHORIZING ITS RESALE PURSUANT
TO SUCH DEVELOPER'S AGREEMENT
WHEREAS, the Housing and Redevelopment Authority has authorized
David. Ames and Robert Dippen as developers for the New Home Scattered-
..Site Psngram; and
~~EI3EAS, the Executive Director has been authorized to negotiate
a developer's agreement with David Ames and Robert Dippen in furtherance
of the New Home Program heretgfore adopted by the. City. of Richfield
and the- Housing and Redevelopment Authority of the City of Richfield;
and
WHEREAS, the Executive Director has now presented a proposed
Developer's Agreement between the Housing and Redevelopment Authority
of Richfield, Minnesota, and the Ames Corporation which agreement
achieves the goals of the New Home Scattered-Site Program; and
WHEREAS, in furtherance of its intention to provide suitable
properties for development pursuant to such agreement, the Housing
and Redevelopment Authority has authorized its Executive Director and
Attorney to negotiate for the purchase of certain real property for
the purpose of resale to the developer, said property being described
as follows:
Lot 5, Block 15, Tingdale Brothers' Lincoln Hills
Third Addition (6916 Queen)
Lot 2, Block 22, Irwin Shores (7504 Colfax)
Lots 83 and 84, Western Surety and Adjustment
Company's Addition "The Pines" (11 East 68th Street)
Lot 6, Block 5, Nokomis Gardens Rearrangement of
Blocks 1, 2, 3, 4 and 5, Girard Parkview Addition
(6530 Bloomington Avenue); and _ _
WHEREAS, the Housing and Redevelopment Authority of Richfield,
Minnesota, is authorized by Minnesota Statutes 462.445 to purchase
real property; and
WHEREAS, the Housing and Redevelopment Authority of Richfield,
Minnesota, has caused appraisals of the subject properties to be made
and has carefully considered such appraisals; and
WHEREAS, the negotiations for the real property described above
have resulted in the execution of purchase agreements based upon such
appraisals; and
_ WHEREAS, i~--~urti~erance ~f its intentifln to pravide suitable
prap~erties-fvr development pursuant to such agreement it is necessary,
and practical that the following property presently owned by the
Housing and Redevelopment Authority also be provided for sale to the
developer pursuant to and in accordance with the terms of the developer's
agreement:
Lot 2~, and the West 36 feet of the North 10 feet
of Lot 3, Block 2, "Wooddale Second Addition"
(7104 Second Avenue); and _
WHEREAS, the proposed project is necessary to alleviate a shortage
of decent, safe and sanitary housing for persons of low or moderate
income as previously defined by the Authority; and
WHEREAS, upon public hearing preceded by the required notice, it
appears that giving fair consideration to the estimated fair market
or rental value of the cleared lands as determined pursuant to
Minn. Stat. 1978 X462.541, the sale of all such lands to the proposed
developer pursuant to and in accordance with the terms of the developer's
agreement is appropriate and permitted by law.
Resolution No. 125
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority of Richfield, Minnesota, as follows:
1. That the Executive Director and Commission Chairman are
authorized to execute the proposed developer's agreement.
2. That in accordance with the terms and conditions contained
LJ
therein, the Executive Director and Commission Chairman are authorized
to purchase the four parcels above described for the following purchase
prices:
11 East 68th Street - $26,~flfl ,
6 91 b Queen Avenue - 23 , fl D 0 _ _
?504 Co3fax Avenue ~ - 20, 000
6530 Bloomington Avenue - 27,000
3. That in accordance with and subject to the terms and
conditions contained in the developer's agreement, the Executive
Director and Commission Chairman are authorized to sell the five lots
herein described.
Passed by the Housing and Rede~relopment Authority of the City