1988-33698
RESOLUTION NO. 336
THE HOUSING AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION RELATING TO THE SALE OF CERTAIN
LAND LOCATED WITHIN THE 70TH STREET AND
PENN AVENUE REDEVELOPMENT PROJECT
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (HRA) has on the day herewith
adopted a redevelopment plan (Redevelopment Plan) for the 70th
Street and Penn Avenue Redevelopment Project (Redevelopment
Project); and
WHEREAS, the Redevelopment Plan designates certain lands
within the Redevelopment Project for acquisition and
redevelopment including lands described as follows:
Parcel Identification
Address: 6941-45 Penn Avenue
PINS # 28-028-24-33-0159
Legal Description
Lot 13, Block 10, Tingdale Brothers Lincoln Hills Second
Addition, Hennepin County, according to the recorded plat
thereof ; and
Lot 10, Block 10, Woodlake Highlands Addition, Hennepin County,
according to the recorded plat thereof.
WHEREAS, Minn. Stat., Sec 462.356 require the Planning
Commission's finding as to the conformance of the proposed sale
with the Comprehensive Plan; and
WHEREAS, Donald A. Johnson (Developer) and the HRA entered
into a Contract for Private Development (Contract) on September
6, 1988; and
WHEREAS, the Developer has offered end proposed to purchase
the subject property at a cost of approximately Thirty Four
Thousand Eight Hundred Thirty-Nine Dollars ($34,839) 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 the subject property to the
Developer on the date hereof, and all interested persons had an
opportunity to be heard.
HRA Resolution No. 336
Page Z
NOW, THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment Authority in and for the City of Richfield,
Minnesota, 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 the redevelopment provided for in the Redevelopment
Plan..
3. The use value of the subject property within the meaning of
Minn. Stat. Sec. 469.032, is not to exceed Thirty Four Thousand
Eight Hundred Thirty-Nine Dollars.
4. The sale of the property is consistent with and necessary for
the Developer to implement the Contract.
5. The HRA Chairman and Executive Director are authorized and
directed to execute agreements to effectuate the sale to the
Developer for and on behalf of the HRA, which provide for the
sale of the subject property at a price not to exceed Thirty Four
Thousand Eight Hundred Thirty-Nine Dollars.
Adopted by the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota this 17th day of October, 1988.
T omas E. Harms, Chairperson
ATTEST:
r
J an Helmberger, Secre ary