1982-20582
HRA RESOLUTION NO. 205
A RESOLUTION RELATING TO
THE SALE OF REAL PROPERTY
FOR REDEVELOPMENT PURPOSES
WHEREAS, the Housing and Redevelopment. Authority of Richfield,
Minnesota (HRA), has adopted and from time to time amended a
redevelopment plan entitled .the Lyndale-Hub-Nicollet Redevelopment
Plan, hereinafter the "Plan"; and
WHEREAS, the Plan designates certain lands within the
redevelopment project area for acquisition and redevelopment; and
WHEREAS, in furtherance of the Plan, as well as in furtherance
of its general authority to acquire lands and make them available
for redevelopment, the HRA has acquired certain land adjacent to
the Project Area to help assure the success of the redevelopment
project and eliminate potentially incompatiable land. uses; and
WHEREAS, the Ifnutson Construction Company, Inc.., hereinafter
"Developer" has proposed to purchase the land described as Lot 17,
Block 3, Fairwood Shores, Hennepin County, and. to redevelop the
subject property in a manner consistent with the Agreement,
regarding 6&33 Lake Shore Drive; and
WHEREAS, the Planning Commission adopted Resolution Number 44,
dated July 27, 1982,_ and found the proposed sale to be consistent
with the Comprehensive Plan; and
WHEREAS, pursuant to due notice thereof, a public hearing was
held on August 16, 1982, on the proposed sale to the Developer at
which hearing, all interested persons had an opportunity to be
heard.
NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority of Richfield, Minnesota, as follows:
1. The sale of the property identified above is consistent
with and necessary for the redevelopment provided for in the Plan.
Z. The use value of the subject property, within the meaning
of Minn. Stat., 1980, Sec. 462.521, is eight thousand two hundred
dollars ($8,200.00).
3. The Chairman and Executive Director are authorized and
directed to execute on behalf of the HRA, the Agreement for the
sale of the subject property to the Developer.
Fassed by the Housing and Rede~eloprnent Authority of
~ Richfield this 16th day of August, 19~2a
omas Eo Hanes Chairman
ATTEST:
lvtichae F'r~eman . Secretary