1995-551121
HRA RESOLUTION N0.551
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT:
7037 OAKLAND AVENUE
7241 SECOND AVENUE
681213TH AVENUE
643215TH AVENUE
6933 QUEEN 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:
7037 Oakland Avenue: That part of the west 1/2 of the southeast 1/4 of
the northwest 1/4 of the northwest 1/4 of the northwest 1/4 lying north of
the south 192 ft. thereof and south of the north 55 ft. thereof.
7241 Second Avenue: Lot 14, Block 6, Wooddale Second Addition.
681213th Avenue: E 154' of S72' of N288' Block 5, Rich Fields Addition.
6432 15th Avenue: Lot 9, Block 3, Nokomis Gardens Rearrangement of
Block 1, 2, 3, 4, and 5, Girard Parkview Addition.
6933 Queen Avenue: Lot 16 and N 1/2 of Lot 15, Block 16, Tingdale
Bros.' Lincoln Hills Third Addition.
WHEREAS, the HRA is authorized by Minnesota Statues 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. 551
Page 2 --
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That purchase prices are approved as follows: .
Address Purchase Price
7037 Oakland Avenue $48,000
7241 Second Avenue $53,000
6812 13th Avenue $59,000
6432 15th Avenue $55,000
6933 Queen Avenue $45,000
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 Redevelopment Authority in and for the City of
Richfield, Minnesota this 19th day of June 1995.
Thomas E. Harms, Chairperson
ATTEST:
Vern Luettinger, Secreta