1994-52090
HRA RESOLUTION N0. 520
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
6645 LIPTON AVENUE
6320 OLIVER AVENUE
6821 LOGAN AVENUE
7525 GIRARD AVENUE
7344 BRYANT AVENUE
6828 ELLIOT AVENUE
6500-14TH AVENUE
6236 PLEASANT 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:
~I
6645 Upton: Lot 15, Block 5
Tingdale Bros.' Lincoln Hills Addn.
6320 Oliver: Lot 7, Block 12
Ray's Lynnhurst Addn.
6821 Logan: Lot 9, Block 5
Tingdale Bros.' Lincoln Hills Addn.
7525 Girard: Lot 18, Block 19
Irwin Shores Addn.
7344 Bryant: Lot 12, Block 3
Irwin Shores No. 2 Richfield, MN
6828 Elliot: East 1/2 of North 1/2 of Lot 37
of Baumgartner's First Addn.
6500-14th Ave.: Lot 1, Block 4
Rich Highlands Addn.
6236 Pleasant: Lot 6, Block 1
ICendale Addn.
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.
HRA Resolution No. 520
Page 2
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That purchase
Address
6645 Upton
6320 Oliver
6821 Logan
7525 Girard
7344 Bryant
6828 Elliot
6500-14th Ave.
6236 Pleasant
prices are approved as follows:
Purchase Price
$57,000
553,000
$57,000
$57,000
$57,000
557,000
$59,000
539,000
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 Redev lopment Authority in and
for the City of Richfield Minnes his 15th day f August 1994.
omas E. Harms, Chairperson
ATTEST:
1
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