1984-2432-
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION N0: 243
RESOLUTION AUTHORIZING THE SALE
OF LAND FOR REDEVELOPMENT
WHEREAS, on October 15, 1975, the Housing and Redevelopment Authority in
and for the City of Richfield adopted, and has subsequently amended, the
Lyndale-Hub-Nicollet Commercial Improvement Program, and has determined that
properties within the project area were deteriorated and deteriorating within
the meaning of Minnesota Statutes 1982, Section 462.421, Subdivision 11; and
WHEREAS, the Housing and Redevelopment Authority has determined that the
acquisition of the lands described in Exhibit A is consistent with and
necessary to the implementation of the Lyndale-Hub-Nicollet Commercial
Improvement Program and the accomplishment of the objectives for which the
Program was esta~bl3.shed; and ,
. WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield did on March 26, 19$4 authorize the execution of a document bearing
such date and entitled: Cantract for the Sale of Land for Private Development,
which contract provides for the sale and conveyance of all of the lands
described in Exhibit A; and
WHEREAS, on April 16, 1984, following published notice a public hearing on
the sale of the lands described in Exhibit A was held and all persons
interested in the proposed sale and appearing at such hearing were given an
opportunity to be heard; and
WHEREAS, the Housing and Redevelopment Authority in considering the sale
has taken into consideration the estimated fair market and rental value of the
cleared land as determined pursuant to Minnesota Statutes 1982, Section 462.541
for. proposed uses in accordance with the redevelopment plan.
NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment Authority
in and for the City of Richfield that the sale of the lands described in
Exhibit A in accordance with the terms and conditions of the Contract for the
Sale of Land for Private Development is hereby approved and authorized and that
such contract is in all respects confirmed and ratified.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield this 16th day of April, 1984. .
~~ ~ ~ ~~
Thomas E. Harms, Chairman
ATTEST:
J an Helmberger, Sec etary