1980-152z9
- HRA RESOLUTION NO. .152
" A RESOLUTION RELATING TO
THE ,SALE OF REAL PROPERTY
~ FOR REDEVELOPMENT PURPOSES'
• WHEREP,$, the Housing and Redevelopment Authority of Richfield,
Minnesota, has adopted and from time to time amended a redevelopment
plan entitled the Lyndale-Hub-vicollet Redevelopment Plan, herein-
af ter ~ the "Plan" ; and -
WHEREAS, the Plan designates certain lands within the redevelop-
ment project area for acquisition and redevelopment; and
WHEREAS, in furtherance of the Plan as well• a's in furtherance of
its general authority to acquire lands and make them available-for
redevelopment, the HRA has acquired certain lands within and adjacent
to the Project-Area-rand is willing to acquire other parcels which
_ might be needed-for development; and
WHEREAS, the Lake Shore Drive Cooperative, hereinafter "Developer"
has proposed to purchase the land describedtin Attachment A and to
redevelop the subject property•in a manner consistent with the ~-lan;
and ~, z~~ ~,,. _ ___ .
~,
-,WHEREAS, pursuant to due notice thereof, a public hearing was
held~'on the proposed sale to the Developer at which hearing all
interested persons had an opportunity to be heard; and
L'JE~iEREAS, the HRA desires to pursue. negotiations and make all
appropriate and necessary arrangements for the sale of the subject
property to the Developer provided mutually agreeable terms can be
arranged;
NOW THEREFORE, BE IT P~SOLVED by Housing and Redevelopment
Authority of Richfield, Minnesota, as follows:
1. The sale of the property described in Attachment A 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., 1980, Sec. 462.541 is~Three.Hundred,and Ten Thousand -
Dollars-- ($31-0, 00-0_..00.) . ~~-, ~,~ - ~ ': ~ . '•,<~~, -~~c ~ .~,,_,~f,,~,- _; •=~
3... The Executive Director is authorized and directed to
~-eg~tiate on behalf of the HRA~-a development contract for the sale
of the subject property. All such`~anegotiations shall take into
consideration the use value of the subject property together with
other factors and circumstances which may reasc7nably bear upon the
actual sale price.
An~~ development contract shall be conditional upon the
follown'~'_together with such other and further provisions as the
Executi~ I~-irector shall deem necessary:
a. The developer arranging final financial commitment.
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b. The granting by~the City or any necessary rezoning
including planned unit development. _
5. It is the intention .qf ~he,HRA in furthering the proposed
develo ,ment to ac uire those' `~~ `
q parcels identified in Attachment A
which awe not presently owned by the HRA. Such intent presumes, -
however, that Hennepin County will first .acquire the Lynnwood Addition
parcels and make portions of them available for sale within five months.
6. Conveyance to the developer of the parcels abutting 66th
Street shall reserve-certain perpetual easements.tor landscape, side-
walk, public street right=of-way, bus shelter and turnout as.may be
necessary to construct and maintain the public imprs~dements along
.such street. Such easements shall run in favor of the City of
Richfield and Hennepin County.
Passed by the Housing and Redevelopment Authority of Richfield
this 8th ~ day of December ~ 19 80
9
t" //n n i~ ~ Io~i~ r
/~~iL?S~7/G'!wJ G i~,~~~~2v~
T1Yomas E. Harms ~ Chairman
ATTEST:
ern Luettinger Secretary
Lots 5, 6, 7, 8, 9, and 10, Block 1, and Lots 6, 7,
8, 9, 10, 11, 12, 13, 14, and 15, Block 3, Fairwood
-`Shores Addition.
Lots A, 1, 2, and the easterly 40 feet of Lot 3,
Lynnwood Addition.
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