1983-22198
6601 Lyndale Avenue
HRA RESOLUTION X10. 221
RELATING TO THE SALE OF
HRA PROPERTY IN THE L/ji/N
REDEVELOPMENT AREA
WHEREAS, the Housing and Redeveloament Authority of Richfield
("HRA") has adopted a redevelopment plan entitled Lyndale/Hub/
Nicollet Redevelopment Plan, as amended, (the "Plan"); and
WHEREAS, the Plan designates certain lands within the
redevelopment project area for acquisition and redevelopment
including lands described as follows:
That part of Lot 1, Block 3, J'. N. Hauser''s
Addition, Hennepin County, Minnesota, described
as follows: Beginning at the Northwest corner
o= said Lot 1; thence East along the North
line to the Northeast corner thereof; thence
South along .the East line of said lot a dis-
tance of 54.95 feet; thence West to a point
in the Westerly line of said lot which point
is Southwesterly from the point of beginning
a distance of 58.0' feet; thence Northeasterly
along said Westerly line to the point of
beginning, excepting they@from all that part
of the above-described property lying Easterly
of the following described line: Beginning
at a point o~ the North line of the above- .
described property, said point being 65.54
feet West of the Northeast corner thereof,
as measured along the North line thereof;
thence running Southerly to a point in the
South line of the above described property
said point being 65.07 feet West of the~South-
east corner of said property, as measured
along the South line thereof, subject tv and
together with a right of a joint party wall
the center line of which is the East boundary
line of lands herein conveyed and tze west
line of lands herein excepted and cost of
repairing and maintaining said common wall is
to be borne equally by owners of lands herein
conveyed and owners of land herein excepted.
(6601 Lyndale Avenue); and
. WHEREAS, Minnesota Statutes 462.356 require the Planning
Commission's finding as to the conformance o.f the proposed sale
with the Comprehensive Plan; and
-~-
~~hiEREAS, the R.i.chfield State Acency (the "Developer") and
the KRA entered into a Contract Fer The Sale Of Lana For Privat
Development, dated January 21st, 1932 (the "Contract"); and
wfiEREAS, the Developer has offered and proposed to purchase
the subject property at a cost of Ninety Thousand and no/100
Dollars ($90,000.00) and for additional terms as contained in
the Contract; and
WHEREAS, pursuant to due notice thereof, a public hearing
was held on the proposed sale of t;~e subject property to the
Developer and all interested persons had an opportunity to be
heard.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopmen-
Authority of t_Ke City of Richfield, Minnesata, as follows:
1) That the finding of the Planning Commission regarding
the sale of this property is acknowledged.
2) The sale of the subject property is consistent with and
necessary for~t:be redevelopment provided for in the Plan.
3) The use value of the subject property, within the mean'
of Minn. Stat., 1978, Sec. 462.541 is Ninety Thousand
Dollars.
4) The sale••of the property is consistent with and necessary
for the Developer to implement the Contract.
5} The HRA Executive Director is authorized and directed
to execute agreements with the Developer for and on
behalf of the HRA, which provide for the sale of the
' subject property at a price of Ninety Thousand Dollars.
Passed by the Housing and Redevelopment Authority of Richfield
this 18th day of April , 19 8 3 .
homas E . :? rns , Chair;nan
ATTEST:
r~.~~
J Help erger, Secre ry