1994-52292
RESOLUTION NO.' 522
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT
6845 NEWTON
6404-15TH
6318 KNOX
6404 HUMBOLDT
2819 WEST 70-1/2 STREET
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:
6845 Newton: Lot 5, Block 7 Tingdale Bros.'
Lincoln Hills Addition
6404-15th: Lot 2, Block 3
Nokomis Gardens Rearrangement of
Blocks 1, 2, 3, 4, 5
Girard Parkview
6318 Knox: Lot 6, Block 8 Ray's Lynnhurst
Addition
6404 Humboldt: Lot 2 and East 10 feet of Lot 19
Fairwood Park First Addition
2819 W. 70 1/2 Street: Lot 26, Sabin Lake Harriet Garden
Lots Addition
East 70 feet of north 135 .feet
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; except for the City Hearing Examiner review of a
need for lot width variances at 6845 Newton, 6404 15th and 6318
Knox Avenues; 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:
Address Purchase Price
6845 Newton $ 58,000
6404-15th $ 56,000
6318 Knox $ 53,000
6404 Humboldt $ 59,000
2819 W. 70 1/2 Street ~ $ 55,000
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, contingent on City approval of lot width
variances at 6845 Newton, 6404 15th, and 6318 Knox Avenues.
Adopted by the Housing and Redevelopment Authority in and
for the City of Richfield Minnesota this 9th day of September
1994.
Thomas E. Harms, Chairperson
ATTEST:
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ern Luettinger, Secretary
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