1993-47040
HRA RESOLUTION NO. 470
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
AUTHORIZING THE SALE OF REAL PROPERTY
LOCATED AT 7600 FREMONT AVENUE SOUTH AND
7644 EMERSON AVENUE SOUTH AND THE GRANTING OF A TEMPORARY
EASEMENT TO THE CITY OF RICHFIELD
FOR THE 77TH STREET PROJECT
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (HRA) acquired the Cloverleaf
site on April 15, 1992; and
WHEREAS, the City of Richfield, Minnesota (City) desires to
purchase a portion of the real property located within the
Cloverleaf site pursuant to and in furtherance of the 77th Street
project (Project) heretofore adopted by the City of Richfield
(City); and
WHEREAS, said real property is described as Parcel No. 5 and
Parcel No. 10 in Attachment A; and
WHEREAS, the HRA is authorized to sell real property within
its area of operation after public hearing; and
WHEREAS, the public hearing has been held after proper
public notice; and
WHEREAS, the Planning Commission on November 28, 1989
considered and approved an amendment to the Comprehensive Plan
designating 77th Street as a minor arterial between I-35W and
Cedar Avenue and adopted the Official Map for said 77th Street;
and
WHEREAS, the City has offered 5116,600 for fee title to
Parcels 5 and 10 described in attachment A; and
WHEREAS, the City has offered 5200 for the temporary use of
a portion of Parcel 4 described in attachment B; and
WHEREAS, the Cloverleaf site is evidenced on the Official
Map for 77th Street as adopted by the Planning Commission on
November 28, 1989; and
WHEREAS, the finding by the Planning Commission that the
disposition of the Property for Project purposes is consistent
with the comprehensive plan and is implied by its action on
November 28, 19$9; and
WHEREAS, the HRA is empowered to permit temporary uses of
its property and the City desires to use a portion of the
Cloverleaf site for construction purposes as described in
Attachment B and identified as Parcel 4.
HRA Resolution No. 470
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held and portions of Parcels 5
and 10 of the Cloverleaf site are authorized to be sold to the
City of Richfield, Minnesota for $116,600.
2. The use of the temporary easement area. on a portion of
Parcel 4 by the City in exchange for $200 is authorized.
3. That the Chairperson and Executive Director are
authorized to execute any and all agreements required to
effectuate this resolution.
4. That the proceeds received from the City for this
property be returned to the ILN Tax Increment Fund from which the
monies were withdrawn to purchase the property from the previous
owner.
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield, Minnesota this 15th day of March,
1993.
<`
Thomas E. Harms, Chairperson
ATTEST:
Lawrence w n5c a, - secretary