1996-575r
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HRA RESOLUTION N0.575
RESOLUTION AUTHORIZING PURCHASE
OF REAL PROPERTY LOCATED AT:
6837 LOGAN 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 Richf+eld Rediscovered Redevelopment Project (Project} heretofore
adopted by the City of Richfield (City) and the HRA, said real property being described
as follows:
Lot 11, Block 5, Wood Lake Highlands Addition, 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 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 of $30,000, based on the appraised 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 $30,000.
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 Authority in and for the City of
Richfield, Minnesota this 16th day of January 1996.
Thomas E. Harms, Chair
ATTEST:
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Vern Luettinger, Secret