1980-13411
•, f HRA RESOLUTION N0. 134
A RESOLUTION RELATING TO THE
SALE OF HRA FROPERTY IN THE
L/H/N REDEVELOPMENT. AREA
WHEREAS, the Housing and Redevelopment Authority of Richfield (."HRA")
has adopted a redevelopment plan entitled Lyndale/Hub/Nicollet
Redevelopment Plan, as amended'(.th.e "Plan'°); and
WHEREAS, the Plan designates certain lands within the redevelopment
project area for acquisition and redevelopment including lands
described as folla,~: ~ ."
That part of Government Lot 3, Section 28, Township 28, Range 24,
-- Hennepin County, Minnesota described as follows:
Beginning at a point on the easterly line of said Government Lot 3,
distant 1176.30 feet south from the northeast corner thereof;
thence 5,.820 00' W a distance of 512.58 feet to the actual point of
beginning of the tract of land to be described; thence N 820 00' E
to its intersection with a line that is 176.50 feet west and
parallel to the east line of said Government Lot 3; thence north
along said line a distance of 156.17 feet; thence at right angles
westerly to the point of intersection with the southerly extension
of the westerly line of Aldrich Avenue South as platted in the
recorded plat of Ray's Lynnhurst 2nd Addition; thence southerly
along the westerly line of said Aldrich Avenue South to`a-point
225.00 feet south of the southeasterly corner of Lot 4, Block 2,
said Ray's Lynnhurst 2nd Addition as measured along the southerly
extension of the westerly line of said Aldrich Avenue South; thence
westerly and parallel with the southerly line of said Lot 4,
Block 2, to its intersection with the southerly extension of the
easterly line of the north-south alley as platted in Block 2 of
said Ray's Lynnhurst 2nd Addition; thence northerly along the
southerly extension of said alley 11.00 feet, more or less, to the
southerly line of the east-west alley as platted in Block 2, said
Ray's Lynnhurst 2nd Addition; thence westerly along the southerly
line of said east-west alley to the easterly line of Bryant
Avenue South as platted in said Ray's-Lynnhurst 2nd Addition;
thence southerly along the southerly extension of the easterly line
of said Bryant Avenue South a distance of 100.00 feet; thence
southeasterly to the actual point of beginning.
The east line of said Government Lot 3 is assumed to be a line
bearing due north for the purpose of this description.
WHEREAS, the Lyndale Fruit and Garden Center, Inc. (.the "Developer")
has offered and proposed to purchase the subject property at a cost
of Eighty-Four Thousand and no/100's Dollars (.$84,000.00) and
redevelop the subject property in a way which is con5i.steiil with the
Plan; and
WHEREAS, pursuant to due notice thereof, a public hearing was held
~' on the proposed sale~of the subject ,property to the Developer and
all interested persons had an opportunity to be heard; and
WHEREAS, the HRA desires to pursue negotiations and make all necessary
arrangements for sale of the subject property to the Developer pro-
vided mutually agreeable terms can be arranged;
NOW THEREFORE, BE IT RESOLVED By the Housing and Redevelopment
Authority of the City of Richfield, Minnesota, as follows:
1. The sale of the subject property is consistent with and necessary
for the redevelopment provided for in the Plan.
2. The use value of the subject property, within the meaning of
Minn.Stat., 1978, Sec. 462.541, is Eighty-Four Thousand Dollars.
3. The HRA Executive Director is authorized and directed to attempt
to negotiate and execute a development contract with the
Developer for and on behalf of the HRA, for the sale of the
subject property at a price of Eighty-r^our Thousand Dollars.
4. The development contract shall be conditioned on the developer
arranging a final financing committment .
5. The development contract shall be conditioned on the rezoning by
the City of Richfield of the subject property and the Lyndale
Garden Center property to RC2 and the approval by the City Council
of a PUD final development plan.
6. The development contract shall provide that the Developer shall
purchase the subject property from the HRA upon acquisition by
the HRA of the subject property.
7. The development contract shall require of the Developer a
sufficient security deposit to ensure performance.
8. The development contract shall provide that the Developer shall
provide a cash deposit to be used by the HRA for the purchase
of the property.
9. The development contract shall provide that the Developer shall
carry out or cause to be carried out the approved project area
redevelopment plan as amended and that no use shall be made of
any land included in the sale nor any building or structure .
erected thereon which does not conform to the approved plan. .
Passed by the .Housing and Redevelo~,nt Authority of Richfield this 14th day
of January, 1980.
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