1990-387149
HRA RESOLUTION NO. 387
- - THE HOUSING AND REDEVELOPMENT AUTHORITY
• IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
7210 James Avenue
7145 James Avenue
6425 15th Avenue
6518 15th Avenue
7320 5th Avenue
6315 Dupont Avenue
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield Minnesota (HRA) desires to purchase certain
real property pursuant to and in furtherance of the Expanded New
Home Program Redevelopment Project (Project) heretofore adopted
by the City of Richfield (City) and the HRA, said real properties
being described as follows:
Tract B, RLS No. 770, Files of the Registrar of Titles
Lots 8 end all of Lot 9 except the North 40 feet thereof,
Block 2 of Forest Lawn Second
Lot 16, Block 6 Girard Parkview
Lot 5, Block 4 "Nokomis Gardens Rearrangement" of Block
One (1), Two (2), Three (3), Four (4) and Five (5),
Girard Parkview
Lot 6, Block 2, "Blair's Woodale Third Addition"
Lot 8, 9, and 10, Block 4, "Ray's Lynnhurst 2nd Addition"
WHEREAS, the HRA is authorized by Minnesota Statutes Section
469.012 to acquire real property within its area of operation;
and
WHEREAS, the properties meet ell program requirements for
acquisition; and
WHEREAS, the HRA has caused appraisals of the subject
properties to be made by a qualified independent professional
real estate epprniser and negotiated purchase prices with the
owners; and
WHEREAS, funds have been provided by the City Council and
HRA and are available for acquisition.
NOW, THEREFORE, HE IT RESOLVED by the Richfield Housing and
_ Redevelopment Authority:
HRA Resolution No. 387
Page 2
1. That purchase prices are approved as follows:
7210 James Avenue $50,000
7145 James Avenue $53,250
6425 15th Avenue $37,500
6518 15th Avenue $44,100
7320 5th Avenue $60,000
6315 Dupont Avenue 559,000
2. That the Chairperson and Executive Director are authorized
to execute a Purchase Agreement for the amounts set forth
in this resolution.
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield Minnesota this 17th day of September,
1990.
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Thomas E. Harms, Chairperson
ATTEST:
Joan Helmberger, Secretary