1995-544114
HRA RESOLUTION NO. 544
__. THE HOUSING AND REDEVELOPMENT AUTHORITY ,_
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT 7429 DUPONT AVENUE SOUTH
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 property being described as follows:
Lot 17 and the South 1/2 of Lot 18
Block 13, Irwin Shores Addition
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to acquire
real property within its area of operation; and
WHEREAS, the property meets all program requirements for acquisition; and
WHEREAS, the HRA has caused an appraisal of.the subject property to be made by a
qualified independent professional real estate appraiser and has negotiated a purchase price
with the owner based on the stated value; 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 the approved purchase price is $45,000.
2. That the Chairperson and Executive Director are authorized to execute a Purchase
Agreement.and other documents to effectuate purchase for the amount set forth in this
'resolution. .
Adopted by the Housing and Redevelopment A in and for the City of Richfield
Minnesota this 27th day of March, 1995.
Thomas E. Harms, Chairperson
ATTEST:
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Vern Luettinger, Secretary