1995-556126
HRA RESOLUTION N0.556
RESOLUTION AUTHORIZING PURCHASE
OF REAL PROPERTY LOCATED AT:
634914TH AVENUE
671514TH AVENUE
7200 THIRD AVENUE
641514TH AVENUE
6529 EMERSON 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:
14th Avenue: Lot 13, Block 2, "Nokomis Gardens Rearrangement of Block 1, 2,
3, 4, and 5 Girard Parkview", Hennepin County.
6715 14th Avenue: Block 4, Richfield's Addition, the north 66.5 feet of the south
381.5 feet of the west 131.3 feet, Hennepin County.
7200 Third Avenue: Lot 1, Block 6, Woodale Second Addition, Hennepin County
6415 14th Avenue: Lot 21, Block 3, Nokomis Gardens Rearrangement of Block
1, 2, 3, 4, and 5, Girard Parkview, Hennepin County.
6529 Emerson Avenue: North 60 feet, Lot B, Silver Wood Second Addition to
Richfield, Minnesota, Hennepin County.
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 is negotiating
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:
HRA Resolution No. 556
-2-
1. That purchase prices are approved as follows:
Address Purchase Price
6349 14th Avenue $55,000
6715 14th Avenue $58,000
7200 Third Avenue $30,000
6415 14th Avenue $53,000
6529 Emerson Avenue $57,000
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 21st day of August, 1995.
Thomas E. Harms, Chair
ATTEST:
~'
Vern Luettinger, Secretary