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1990-405167 HRA RSSOLU?IOIi p0. 405 RESOLUTION OF THE HOUSING & REDEVELOPMENT AUTHORITY OF RICHFIELD, MINNESOTA AUTHORIZING THE ACQUISITION OF LAND BY EMINENT DOMAIN AND AUTHORITY THE OBTAINING OF TITLE AND POSSESSION IN ACCORDANCE WITH MINNESOTA STATUTES SEC TION 117.042. WHEREAS, the Housing and Redevelopment Authority of Richfield, Minnesota ("HRA") approved a redevelopment plan for an urban renewal project for the "Lyndale/HUB/Nicollet Commercial Improvement Program" or October 15, 1975 (the "Plan"); and WHEREAS, the City Council of Richfield, Minnesota approved the Plan on November 24, 1975; and WHEREAS, the Plan has subsequently been amended from time to time; and WHEREAS, the Plan designated certain propertied for acquisition by the HRA; and WHEREAS, it has been determined that the acquisition of the properties legally described on Exhibit A hereto ("Subject Properties") is necessary to implement the Plan and to carry out the purposes of the Plan; and WHEREAS, the Subject Properties shall be designated for acquisition by a Modification to the City of Richfield's Tax Increement Financing Plan; WHEREAS, the acquisition and subsequent, sale or lease of the Subject Properties to a private developer for development is consistent with the stated objectives of the Plan; NOW, THEREFORE, be it resolved by the Richf field Housing and Redevelopment Authority that: 1 • HRA Resolution 405 1. in furtherance of the objections of Minn. Stat. Ch. 469 and the Plan, the ARA hereby finds that the acquisition of fee simple absolute title to the Subjec t Properties through and by the, exercise of the power of eminent domain is necessary and _ appropriate in the public interest, and for the public purpose of redevelopment and as such is authorized pursuant to Minn. Stat. Ch. 469. 2. The officers and employees of the HRA are hereby authorized to commence and to do all things and take such actions as are necessary, prosecute to completion, on behalf and in the name of the HRA, an action in eminent domain for the purpose of acquiring fee simple absolute title to the S~ab~ect Pr®perties. 3. The HRA further finds that it is necessary in order to carry out the above-stated purposes and objectives ~o proceed without delay to obtain title to and possession of the Subject Properties of the earliest possible date and prior to the award of the court appointed commissioners in condemnation, all in the manner provided in Minnesota Statutes Section 117.042. 4. The HRA hereby authorizes the officers and employees of the ARA to undertake and do all things necessary to secure fee simple title to and possession of the Subject Properties in accordance with the procedures and requirements contained in Minnesota Statute s Section 117.042 at the earliest date therein provided. 5. This resolution shall be effective upon the receipt of all necessary approvals for the amendment to the Tax Increment Financing Plan. 2 HRA Resolution No. 405 Passed and Adopted by the Housing and Redevelopment Authority of the City of Richfield this 19th day of November, ~~ 1990. ~~ ~~~1 ~~ ATTEST: ~ Thomas E. Harms, Chairman c.oan Helmberger, Secretary 1 3