1994-534104
HRA RESOLUTION NO. 534
THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF RICHFIELD
1
AUTHORIZING THE ACQUISITION OF
7216 - 1ST AND 6318 KNOX AVENUES WITH CDBG FUNDS
WHEREAS, the Housing and Redevelopment Authority in and for
the City of Richfield, Minnesota (HRA) acquires property and builds
and rehabilitates structures for residential purposes; and
WHEREAS, the HRA desires to acquire the real property at 7216-
1st Avenue, legally described as: Lot 5, Block 3, Wooddale Second
Addition. Based on an appraised fair market value of $43,000; and
WHEREAS, the HRA desires to acquire the real property at 6318
Knox Avenue and legally described as: Lot 6, Block 8, Ray's
Lynnhurst Addition based on an appraised fair market value of
$53,000; and
WHEREAS, the owner of these properties has volunteered to sell
in accordance with New Home Program guidelines; and
WHEREAS, Community Development Block Grant (CDBG) funds will
finance the acquisition of these parcels; and
WHEREAS, the Planning Commission has made a finding that the
acquisition and disposition of these parcels for residential
purposes is consistent with the Comprehensive Plan; and
WHEREAS, the acquisition is also contingent on CDBG procedures
such as an environmental review and a favorable consideration by
the Richfield Hearing Examiner as to a lot size variance request at
7216-1st Avenue.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority in and for the City of Richfield,
Minnesota, as follows:
1. The Executive Director is authorized to take those actions
necessary to acquire 7216-1st Avenue for $43,000 utilizing
CDBG funds.
2. The Executive Director is authorized to take those actions
necessary to acquire 6318 Knox Avenue for $53,000 utilizing
CDBG funds.
3. The property acquisitions are contingent on CDBG acquisition
procedures for purchase and the favorable evaluation of a lot
size variance request at 7216-1st Avenue by the Richfield
Hearing Examiner.
Adopted by the Housing and Red ment Authorit in and for
the City of Richfield, Minnesota t 1 th day D c tuber, 1994.
o s E. arms, Chairperson