1993-49363
RESOLUTION NO. 493
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
7245 12th Avenue
6844 14th Avenue
6625 Stevens Avenue
7416 Fourth Avenue
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:
7245 12th: That part of S 103.5 ft of W 1/4 of NW 1/4 of SW 1/4
of NE 1/4 Lying E of W 33 ft thereof and N of S 30 ft
thereof
6844 14th: Lot 1, Block 1 Richlands Addition
6625
Stevens: Lot 6, "Goodspeed's Second Plat Richfield, MN" N 1/2
of W 1/2
7416 4th: S 100 ft of N 267.8 ft of E 1/4 of NW 1/4 of NE 1/4
of SE 1/4 Ex St
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 has negotiated purchase prices with the
owners based on stated values; and
WHEREAS, funds have been provided by the 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:
Addr~
7245
6844
6625
7416
ass Anoraised Value
12th 549,000
14th $51,000
Stevens $45,000
Fourth $68,000
HRA Resolution No. 493
Page 2
2. That the Chairperson and Executive Director are authorized to
execute a Purchase Agreement and other documents to
effectuate purchase for the amounts set forth in this
resolution
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield Minnesota this 20th day of December,
1993.
G~G~/
Thomas E. Harms, Chairperson
ATTEST:
fern ivue~ctinger, eoretary
~'
r`r
r
4y