1983-223Yoo
RESOLUTION NO. 223
RESOLUTION ESTABLISHING JUST
COMPENSATION, AND AUTHORIZING
THE PURCHASE OF 6601 LYNDALE AVENUE
AND A PAYMENT FOR IMPROVEMENTS
(HAGEN PROPERTY)
WHEREAS, the Housing and Redevelopment Authority of Richfield,
Minnesota (HRA did on October 15, 1975, approve a redevelopment
plan for an urban renewal project for the Lyndale-Hub-Nicollet~area
of Richfield entitled "Lyndale-Hub-Nicollet Commercial Improvement
Program" (The "Plan"); and
WHEREAS, the Plan has subsequently been amended; and
WHEREAS, it has been determined pursuant to and in furtherance
of the Plan that the acquisition of certain real property is neces-
sary, said real property being described in Attachment A; and
WHEREAS, Minnesota Statutes 462.356 require the Planning
Commission's finding as to the conformance of the proposed purchase
with the comprehensive plan; and
WHEREAS, the HRA has caused appraisals of the-subject property
to be made and has carefully considered such appraisals, and
recommends establishing just compensation at $132,00; and
WHEREAS, it is in the public interest to make a payment for a
portion of the cost of improvement within the public right-of-way;
and
W~REAS, funds to provide for the purchase of this property
and payment for improvements are available from the Bonds of 1982.
NOW, THEREFORE, BE IT RESOLVED BY THE RICHFIELD MOUSING
AND REDEVELOPMENT AUTHORITY:
1. that receipt of the opinion of the Planning Commission
with regard to the proposed purchase of this property is
acknowledged; and
2. that $132,500 is determined to be just compensation for
the subject real property; and
3. that a payment of $6,000 to Kraus-Anderson~to help pay
for the installation of improvements within the public right-of-way
is authorized; and
4. that the monies-for the purchase of this property and
payment are to be made available from the proceeds of the Bonds of
1982; and
5. that the Acting Executive Director be, and is hereby
authorized to execute, as an agent of~the Richfield Housing and
Redevelopment Authority, the Purchase Agreement for the purchase
of said real. estate.
Passed by the Housing and Redevelopment Authority of Richfield
this 20th day of Tune, 1983.
:~ homers E. arms, Chairman
~ ~ ~
~T~oan Helmberger, S cr~tary
c
1
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Legal Description:
Attachment A
That part of Lct 1, Bloc? 3, J. PrT. Hausar's
Addition, Hennepin County, Minnesota, described
as follows: Beginning at the Northwest corner
of said Lot 1; thence East along the Nort:~
line to the Northeast corner thereoL =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 paint
is Southwesterly from the point of beginning
a distance of 58.6 feet; thence Northeasterly
along said Westerly line to the point of
beginning, excepting therefrom all that part
of the above-described property Lying Easterly
of the fallowing described line: Beginning
at a paint on the North line of the above-
described property, said point being o'S.54
feet West of tze Northeast corr_er thereof,
as measured along the North line thereof;
thence running Southerly to a point in ~'Ze
South Line of the above described property
said point being 65.Q7 feet West of t:~e South-
east corner of said property, as measured
along the South line thereof, subject to and
together with a right o. a joint party •.~a11
the center line o wr.ich is the East bou.Tdarv
line of lands herein conveyec and the ==vest
li.~e of lands herein excepted and cost of
repairing and maintaining said common wall is
to be borne equally by owners of lanes herein
conveyed and owners of land rereir. excepted.