1995-561131
HRA RESOLUTION N0.561
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE QF REAL PROPERTY LOCATED AT:
6601 LOGAN AVENUE
507 EAST 67TH STREET
76TH STREET AND 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:
6601 Logan Avenue: Lot 10, Block 2, Fairwood Park
507 East 67th Street: That part of Lots 13 and 14 lying East of the West
83 feet thereof, Block 1, McCutchan's Portlnd Avenue Park Addition
76th Street and Emerson Avenue: lot 1, Block 1; lot 1, Block 2, Cloverleaf
Addition according to the prelimary plat thereof.
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.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. That purchase prices are approved as follows:
Address Purchase Price
6601 Logan Avenue $69,446
507 East 67th Street ~ $55,000 (CDBG)
76th and Emerson, Lot 1, Block 2 $50,000
76th and Emerson, Lot 1, Block 1 $25,000
HRA Resolution No. 561 -2-
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
Richfield, Minnesota this 9th day of October 1995. ,
A
Vem Luettinger,
in and for the City of
1
Thomas E. Hanes, Chairperson