1990-402164
HRA RESOLUTION NO. 402
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
6813 Logan Ave. So. 6313 Morgan Ave. So.
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:
Lots 11 and 12, Block 5, Tingle Bros. Lincoln Hills
Second Addition; and
Lot 21, Hlock 9, Ray's Lynnhurst
WHEREAS, .the HRA is authorized by Minnesota Statutes Section
469.012 to acquire real property within its area of operation;
and
WHEREAS, 6813 Logan meets all program requirements for
acquisition and 6313 Morgan meets all program requirements
. provided a variance to lot width and lot size is granted by the
City Hearing Examiner; and
WHEREAS, the HRA has caused appraisals of the subject
properties to be made by a qualified independent pror"essional
real estate appraiser; and
WHEREAS, negotiated purchase prices have been determined,
with the purchase agreement for 6313 Morgan being contingent on a
favorable variance finding; and
WHEREAS, funds have been provided by the City Council and
HRA and are available for acquisition.
NOW, THEREFORE, BE iT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That purchase prices are approved as follows:
6813 Logan Ave. So. 570,000
6.313 Morgan Ave. So. 550,500
• 2. That the Chairperson and Executive Director are authorized
to execute a Purchase Agreement for the amounts set forth
in this resolution.
HRA Resolution No. 402 -2_
Adopted by the Housing and Redevelopment Authority in and
'~~ for the City of Richfield Minnesota this 19th day of November,
1990. .
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` homas E. Harms, Chairperson
ATTEST:
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' J An Helmberger, Secre ary
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