1980-143..
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HRA RESOLUTION NO. 143
RESOLUTION AUTHORIZING THE
PURCHASE OF REAL PROPERTY AT
6617 GRAHAM AVENUE AND
RESALE OF STRUCTURES
WHEREAS, the Richfield Housing and Redevelopment Authority
(HRA) desires to purchase certain real property pursuant to and
in furtherance of the L/H/N Redevelopment Project heretofore adopted
by the HRA and the City of Richfield (the "City"), said real pro-
perty being described as follows:
Lot I0, Block 1, Fairwood Shores Addition, Hennepin
County, Minnesota, (6617 Graham Avenue), and
WHEREAS, the HRA has caused appraisals of the subject property
to be made and has carefully considered such appraisals, and
WHEREAS, the HRA has authorized the commencement of negotia-
tions for the purchase of the real property described above, and
WHEREAS, the HRA is authorized by Ainnesota Statutes, Section
462.445 to purchase real property, and
WHEREAS, land proceed funds to provide for the purchase of
the property are available in the Special Revenue Fund, and
WHEREAS, fair compensation for the interest of the HRA in the
structures is for removal from the site has also been determined,
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority: -
1. The Executive Director is directed to execute a purchase
agreement for the above property for Eighty Thousand and
no/100 Dollars ($80,000.00).
2. The resale of the structures for One and no/100 Dollar
($1.00) to Mr. Jon Pietig is also authorized.
3. The eligibility for a replacement housing payment,
moving expenses and a payment-in-lieu of moving and
related expenses be reviewed by legal counsel before
payment is made.
4. The HRA retain a portion of the acquisition price to
guarantee performance of the seller in removing the
structure from the property.
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Passed by the Housing and Redevelopment Authority of Richfield
this 21st day of July, 1980.
omas E. Harms Chairman
ATTEST:
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(Provisions 3 and 4 were added during discussion at HRA meeting)
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