1990-394156
RESOLUTION N0. 394
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
7129 1st Ave. So. 6401 Bloomington Ave. So
6612 2nd Ave. So. 6538 Bloomington Ave. So.
6321 Humboldt Ave. So. 6415 15th Ave. So.
6424 James Ave. So. 6407 15th Ave. So.
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield Minnesota (BRA) 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 BRA, said real properties
being described as follows:
Lot 17, Block 1, "Sheldon Blair's Wooddale"
Lot 5, "Goodspeed's First Plat"
Lot 24, Block 4, "Ray's Lynnhurst"
Lot 7, Block 3, "Fairwood Park First Addition"
Lot 23, Block 11, "Nokomis Gardens Rearrangement of
Block 7-11 & 12, Girard Parkview"
Lot 8, Block 5, "Nokomis Gardens Rearrangement of
Block 1, 2, 3, 4 & 5, Girard Parkview"
Lot 17, Block 6, "Girard Parkview"
Lot 19, Block 6, "Girard Parkview"
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 all 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 appraiser and negotiated purchase prices with the
owners; and
WHEREAS, funds have been provided by the City Council and
HRA and are available for acquisition.
HRA Resolution No. 394
Page 2
NOW, THEREFORE, HE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That purchase prices are approved as follows:
7129 1st Ave. So. $58,000
6612 2nd Ave. So. $46,200
6321 Humboldt Ave. So. $50,400
6424 James Ave. So. $46,250
6401 Bloomington Ave. So. $50,000
6538 Bloomington Ave. So. $48,000
6415 15th Ave. So. $56,000
6407 15th Ave. So. $57,000
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 15th day of October,
1990: ~ J
/~/~%~i,~ ~ / /
~ ~~~~
Thomas E. Harms, Chairperson
ATTEST:
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J Oyu//,C'J/C//)!
oan Helmberger, Secretary _