1983-21895
RESOLUTION N0. 218
AUTI30RIZING THE PURCHASE OF REAL PROPERTY
AND IMMOVABLE FIXTURES AT
6645 LYNDALE AVENUE SOUTH,
APPROVAL OF AGREEMENTS,
AND ESTABLISHMENT OF A SPECIAL MEETING
FOR PURPOSES. OF A PUBLIC HEARING
TO CONSIDER THE SALE OF PROPERTY
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 City of Richfield (the "City") and the HRA, said
real. property being described as in Exhibit A and also known as
6645 Lyndale Avenue South, and
WI3EREAS, Minnesota Statutes 462..356 require the Planning
Commission's finding as to the conformance of the proposed pur-
chase with the Comprehensive Plan, and
WHEREAS, the HRA did by Resolution No. 182 adopted on
November 16, 1981 designate the property at 6645 Lyndale Avenue
for acquisition, and
WHEREAS, the HRA has caused appraisals of the property at
6645 Lyndale Avenue to be made and has carefully considered such
appraisals, and
WHEREAS, funds to provide for the purchase are available
from the Bonds of 1982, and
WHEREAS, the seller of 6645 Lyndale Avenue requires a suit-
able site to which to relocate.its business, and
WHEREAS, the HRA owns real estate at 220 West 66th Street
which offers a suitable relocation site for seller, and
WHEREAS, negotiations with the owner of 6645 Lyndale Avenue
have resulted in terms of sale for the real estate and immovable
fixtures as contained in Purchase Agreement No. 1 which are
satisfactory to both the owner and the HRA, and
WHEREAS, negotiations between the HRA and the owner of 6645
Lyndale Avenue has resulted in terms for the sale by the HRA to
said owner of the property at 220 West 66th Street satisfactory
to both parties which terms are contained in Purchase Agreement
No. 2, and
WHEREAS, on November 16, 1981, the HRA did authorize a Con-
tract for the Sale of Land for Private Development (Contract)
with the Richfield State Agency (RSA), and
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WHEREAS, said Contract states that the HRA will sell the
6645 Lyndale Avenue property to RSA, and
WHEREAS, said Contract states that the HRA will also sell
the property at 6601 Lyndale Avenue to RSA, and
WHEREAS, negotiations for purchase by the HRA of 6601 Lyn-
dale Avenue are still underway,. and
WHEREAS, Minnesota Statutes, 462.356 requires the Planning
Commission's finding as to the conformance of a proposed sale
with the Comprehensive Plan, and
WHEREAS, Minnesota Statutes 462.525 require a public hearing
on the sale of property owned by the HRA, before it may be sold..
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1)- That the findings of the Planning Commission regarding
the purchase and sale of the above properties are
acknowledged.
2) That $297,500 is determined to be just compensation
for the property at 6645 Lyndale Avenue South.
3) That monies for the purchase of 6645 Lyndale Avenue
are to be made available from the proceeds of the
Bonds of 1982.
4} That the terms and conditions contained in Purchase
Agreement No. 1 and Purchase Agreement No. 2 are
approved subject to the findings of a public hearing
r~eg~arding the sale of Z20 West 66th Street by the
HRA a
5) That the Executive Director is authorized to execute
as an agent of the HRA Purchase Agreement No. 1 and
Purchase Agreement No. 2 subject to the findings of
said public hearing regarding the sale of 220 West
66th Street.
6) That a special meeting for the purposes of holding
a public hearing on the proposed sale of 220 West
66th Street is called for April 4, 1983 at 7:30 PM,
Richfield City Hall.
7) That the subsequent resale of 6645 Lyndale Avenue
to RSA under terms of said Contract shall also be a
subject of said public hearing.
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8) That because said Contract also provides for the resale
of property at 6601 Lyndale Avenue to RSA after the 1~RA
has obtained title to it, said resale shall also be a
subject of said public hearing.
9) That the Executive Director is directed to advertise
said public hearing in a manner consistent with Minnesota
Statutes 462.5.25.
Passed by the Housing and Redevelopment Authority this 21st
day of March, 1983. .
omas E. Harms, Chairman .
J n Helmberger S cretary