1989-3501I2
HRA RESOLUTION NO. 350
RESOLUTION ESTABLISHING JUST COMPENSATION AND
AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT
7600 EMERSON AVENUE SOUTH
7616 EMERSON AVENUE SOUTH
7625 EMERSON AVENUE SOUTH
7645 EMERSON AVENUE SOUTH
7644 DUPONT AVENUE SOUTH
7644 COLFAX AVENUE SOUTH
' 7645 BRYANT AVENUE SOUTH
WHEREAS, the Richfield Housing and Redevelopment Authority
(BRA) desires to purchase certain real property pursuant to and
in furtherance of the ILN Redevelopment Project (Project)
heretofore adopted by the City of Richfield (City) and the BRA,
. said real properties being described as follows:
N. 161-1/2 feet of E. 1/2 of W. 1/2 of NE 1/4 of SW 1/4 of SE 1/4
Except Road (7600 Emerson Ave. So.);
S. 53 feet of N. 265 feet of E. 1/2 of W. 1/2_of NE 1/4 of SW 1/4
of SE 1/4 Except Road (7616 Emerson Ave. So.);
N. 75 feet of S. 310 feet of W. 1/2 of E. 1/2 of NE 1/4 of SW 1/4
of SE 1/4 Except Street (7625 Emerson Ave. So.);
S. 85 feet of W. 1/2 of E. 1/2 of NE 1/4 of SW 1/4 of SE 1/4
Except Street (7645 Emerson Ave. So.);
Lot 8 Northfelt Addition (7644 Dupont Ave. So.);
That part of the E. 1/2 of W. 1/2 of NW 1/4 of SE 1/4 of SE 1/4
lying S. of N. 558 feet thereof Except Roads (7644 Colfax Ave.
So.) ; and
Lot 7 Elmquist's Addition (7645 Bryant Avenue);
WHEREAS, the HRA in and for the City of Richfield, is
authorized by Minnesota Statutes Section 469.012 to acquire real
property within its area of operation; and
WHEREAS, the Project identifies the location of these
properties as the site for public improvements to be constructed
by the city; and
WHEREAS, the HRA is acquiring these properties on behalf of
the city to permit the installation of public improvements; and
WHEREAS, the HRA has caused appraisals of the subject
properties to be made by a qualified independent professional
real estate appraiser to determine its fair market value; and
WHEREAS, a Certified Review Appraiser has reviewed the
appraisal reports, and has prepared a written report setting
forth his opinion as to fair market value; and
WHEREAS, the funds are available from the Municipal State
Aid (MSA) made available ~y the state to the city.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That dust compensation is determined to be as follows:
~~ ~ 7600 Emerson Avenue: $92,000
7616 Emerson Avenue: $77,000
7625 Emerson Avenue: $61,000
7645 Emerson Avenue: $35,500 '
7644 Dupont Avenue $96,000
7644 Colfax Avenue $95,000
7645 Bryant Avenue $71,000
2. That the Executive Director is authorized and directed to
commence nea~otiations fAr the Auschas® Af said seal
properties.
3. That the Chairman and Executive Director are authorized
to execute a Purchase Agreement for the amount of dust
compensation set forth in this resolution.
4. That the Executive Director is hereby directed to notify
in writing the owners of subject properties as soon as
possible that the HRA intends to acquire his/her property.
5. That the conveyance of title to said real properties to
the city at the appropriate time is hereby authorized.
Passed by the Housing and Redevelopment Authority this 15th
day of May, 1989.
2~~~~ .
homes E. Harms, Ch rman
ATTEST:
J Helmberger, Se retary
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