1981-16744
HRA RESOLUTION N0. 167
C
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORTZTNG PURCHASE AND TRANSFER OF FUNDS
(6633 Lake Shore Drive)
WHEREAS, the Richfield Housing and Redevelopment Authority (HRA)
is carrying out a Community Development Block Grant project to
provide housing for low-income families, known as Property Acquisition
for Assisted Family Housing, Project 22, Site Acquisition Fund,
which includes the acquisition for real property, and
WHEREAS, the acquisition of the real property known as Lot 17,
Block 3, Fairwood Shores Addition, Hennepin County, Minnesota, (.6633
Lake Shore Drive) would further the implementation of this program,
and
WHEREAS, the HRA is authorized by Minnesota Statutes, Section
462.421, et. seq., to purchase real property, and
WHEREAS, the HRA is authorized to transfer monies as necessary
to fund the purchase of this property, and
WHEREAS,
to be made by
appraisers to
WHEREAS,
reports, made
a written rep
and
the HRA has caused appraisals of the subject property
qualified independent professional real estate
determine its fair market value, and
a qualified appraiser has reviewed the appraisal
an on-site inspection of the property and has prepared
ort setting forth his opinion as to fair market value,
WHEREAS, the appraisal work has been performed in a competent
manner in accordance with applicable State law, the Uniform Relocation
Assistance and Real Property Acquisition Act, and Department of
Housing and Urban Development policies and requirements.
NOW, THEREFORE, BE IT RESOLVED BY THE RICHFIELD HOUSING AND
REDEVELOPMENT AUTHORITY:
1. That the transfer do funds from the HRA General Funds to the
Site Acquisition Fund is hereby authorized.
2. That the fair market value of $88,000 is hereby adopted
as just compensation.
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3. That the Executive Director and the HRA's attorney are
authorized to acquire the subject property by direct purchase or
donation for an amount not to exceed just compensation as established
herein, provided the Planning Commission finds the purchase to be
consistent with the Comprehensive Plan.
Passed by the Housing and Redevelopment Authority this 1st
day of June, 1981.
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T omas E. Harms, Chairman
ATTEST:
~-,~ ,~ ~c
Michael Freeman, Secretary