1992-45323
1
RESOLUTION NO. 453
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
7520 Bryant
7528 Bryant
7500 Bryant
6641 Oliver
6539
6924 Newton
6926 Chicago
6608 Stevens
7124 Washburn
Oliver
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 Richfield
Rediscovered Redevelopment Project (Project) heretofore adopted
by the City of Richfield (City) and the HRA, said real properties
being described as follows:
7520 Bryant
7528 Bryant
7500 Bryant
6641 Oliver
6539 Oliver
6924 Newton
6926 Chicago
6608 Stevens
7124 Washburn
Lot 6, Block
Lot 8, Block
Lot 1, and N
Addn."
Lot 6, Block
Lot 12, Blocl
Lot 4, Block
Lot 1 That
23, "Irwin Shores Addn."
23, "Irwin Shores Addn."
1/2 of Lot 2, Block 23, "Irwin Shores
5, "Fairwood Park Addn."
k 8, "Fairwood Park First Addn."
11, "~Tingdale Bros'. Lincoln Hills"
part of the E 1/2 lying N of S 50 ft.
thereof "Chicago Avenue Acres"
- Lot 8, E 1/2 "Goodspeeds' First Plat"
- N. 50 ft. of E. 73 ft. of Lot 62 and N. 50 ft. of
W. 74 48/100 ft. of Lot 63, Lots 62 and 63,
"Sadin Lake Harriet Garden Lots"
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 intends to negotiate purchase prices
with the owners based on stated values; and
WHEREAS, funds have been provided by the City Council and
HRA and are available for acquisition pending the results of an
August 24, 1992 public hearing concerning the project finance and
tax increment plan.
HRA Resolution No. 453
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That purchase prices are approved as follows:
Address Appraised Value
7520 Bryant $37,800
7528 Bryant $45,000
7500 Bryant $58,000
6641 Oliver $42,000
6539 Oliver $40,000
6924 Newton $45,000
6926 Chicago .$44,000
6608 Stevens $44,000
7124 Washburn $52,200
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 August,
1992.
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Thomas E. Harms, Chairperson
ATTEST:
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J n Helmberger, Secr tary