1996-580HRA RESOLUTION NO. 580
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING SALE OF REAL
PROPERTY LOCATED AT
NORTHEAST QUADRANT OF I-35W AND 1-494
WHEREAS, on May 15, 1995, the Housing and Redevelopment Authority in and
for the City of Richfield, Minnesota (the "HRA") was presented with a concept proposal
for the redevelopment of Meridian Crossings an office center (the "Project") in the
Interstate-Lyndale-Nicollet (the "ILN") Redevelopment Project Area (the "Project Area")
by Meridian Properties Real Estate Development L.L.C., d/b/a TOLD Development
Company of Maple Grove, Minnesota (the "Developer°); and
WHEREAS, the HRA and City Council approved the ILN Redevelopment Plan
and Tax Increment Financing Plan in November, 1985, (the "Plans") and have made
subsequent modifications; and
WHEREAS, the Plans call for the HRA to assist the Developer through the
redevelopment process; and
WHEREAS, the HRA is authorized to sell real property within its area of
operation after public hearing; and
WHEREAS, said real property (the "Property") to be sold to the Developer is
described in Attachment A; and
WHEREAS, the public hearing has been held after proper public notice; and
WHEREAS, the Planning Commission has found the disposition of the property
consistent with the Comprehensive Plan; and
WHEREAS, a contract For Private Redevelopment between the HRA and the
Developer has been approved.
NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and
Redevelopment Authority:
1. A public hearing has been held on the sale of the real property described in
Attachment A.
2. That the Chairperson and Executive Director are authorized to execute any
and all agreements required to effectuate this resolution.
HRA Resolution No. 580
3. That the contract For Private Redevelopment contains terms and conditions
of the sale.
Adopted by the City Council of the City of Richfield, Minnesota this 15th day of
April, 1996.
E. Harms, Cha
ATTEST:
fem. - -,
Vern Luettinger, Secretary
1
ATTACHl~~ A
HRA Resolution No. 580 (page 1 of 5)
PHASE I MERIDIAN CROSSINGS
METES AND BOUNDS LEGAL DESCRIPTION
To be known as Lot 3, Block 3, Cloverleaf Addition, Hennepin County,
Minnesota.
That part of
The East Half of the Northwest Quarter of the Southwest Quarter of the
Southeast Quarter;
The West Half of the Northeast Quarter of the Southwest Quarter of the
Southeast Quarter;
The North 225.00 feet of the South 310.00 feet of the West Half of the East Half
of the Northeast Quarter of the Southwest Quarter of the Southeast Quarter;
Except that part of the Southwest Quarter of the Southeast Quarter described as
commencing at the Northwest corner of said Southwest Quarter of the Southeast
Quarter; thence North 89 degrees 57 minutes 53 seconds East along the north line of
said Southwest Quarter of the Southeast Quarter a distance of 347.71 feet; thence
South 00 degrees 09 minutes 58 seconds West a distance of 259.80 feet; thence North
89 degrees 57 minutes 55 seconds East a distance of 31.00 feet to the beginning of
the land to be described; thence North 89 degrees 57 minutes 55 seconds East a
distance of 39.81 feet; thence North 00 degrees 02 minutes 05 seconds West a
distance of 28.23 feet; thence northeasterly a distance of 114.12 feet along a tangential
curve concave to the southeast having a radius of 114.00 feet and a central angle of 57
degrees 21 minutes 23 seconds; thence North 89 degrees 57 minutes 55 seconds East
a distance of 41.80 feet; thence North 08 degrees 42 minutes 04 seconds West a
distance of 15.21 feet; thence northerly a distance of 29.35 feet along a.tangential
curve concave to the east having a radius of 114.23 feet and a central angle of 14
degrees 43 minutes 12 seconds; thence North 06 degrees 01 minutes 08 seconds East
a distance of 27.54 feet; thence southeasterly a distance of 148.71 feet along anon-
tangential curve concave to the southwest having a radius of 511.33 feet, a central
angle of 16 degrees 39 minutes 47 seconds and chord bearing of South 68 degrees 04'
minutes 48 seconds east; thence South 44 degrees 33 minutes 55 seconds West a
distance of 48.69 feet; thence Southeasterly a distance of 96.12 feet along anon-
tangential curve concave to the southwest having a radius of 114.00 feet, a central
angle of 48 degrees 18 minutes 26 seconds and a chord bearing of South 18 degrees
47 minutes 01 seconds East; thence South 72 degrees 02 minutes 05 seconds East a
distance of 144.10 feet; thence South 17 degrees 57 minutes 55 seconds West a
distance of 112.00 feet; thence North 72 degrees 02 minutes 05 seconds West a
distance of 263.91 feet; thence South 89 degrees 57 minutes 5 seconds West a
distance of 118.93 feet; thenpe North 00 degrees 09 minutes 58 seconds East a
distance of 52.00 feet to the point of beginning. ~ ..
(page 2 of 5)
The East Half of the Southwest Quarter of the Southwest Quarter of the
Southeast Quarter and the West Half of the Southeast Quarter of the Southwest
Quarter of the Southeast Quarter EXCEPT that part taken by the State of Minnesota for
Highway purposes;
All in Section 33, Township 28, Range 24, Hennepin County, Minnesota.
1
page 3 of 5)
HRA Resolution No. 580
PHASE II MERIDIAN CROSSINGS
METES AND BOUNDS LEGAL DESCRIPTION
To be known as Lot 2, Block 3, Cloverleaf Addition, Hennepin County,
Minnesota.
That part of
The East Half of the Northwest Quarter of the Southwest Quarter of the
Southeast Quarter;
The West Half of the Northeast Quarter of the Southwest Quarter of the
Southeast Quarter;
The North 225.00 feet of the South 310.00 feet of the West Half of the East Half
of the Northeast Quarter of the Southwest Quarter of the Southeast Quarter;
Except that part of the Southwest Quarter of the Southeast Quarter described as
commencing at the Northwest comer of said Southwest Quarter of the Southeast
Quarter; thence North 89 degrees 57 minutes 53 seconds East along the north line of
said Southwest Quarter of the Southeast Quarter a distance of 347.71 feet; thence
South 00 degrees 09 minutes 58 seconds West a distance of 259.80 feet; thence North
89 degrees 57 minutes 55 seconds East a distance of 31.00 feet to the beginning of
the land to be described; thence North 89 degrees 57 minutes 55 seconds East a
distance of 39.81 feet; thence North 00 degrees 02 minutes 05 seconds West a
distance of 28.23 feet; thence northeasterly a distance of 114.12 feet along a tangential
curve concave to the southeast having a radius of 114.00 feet and a central angle of 57
degrees 21 minutes 23 seconds; thence North 89 degrees 57 minutes 55 seconds East
a distance of 41.80 feet; thence North 08 degrees 42 minutes 04 seconds West a
distance of 15.21 feet; thence northerly a distance of 29.35 feet along a tangential
curve concave to the east having a radius of 114.23 feet and a central angle of 14
degrees 43 minutes 12 seconds; thence North 06 degrees 01 minutes 08 seconds East
a distance of 27.54 feet; thence southeasterly a distance of 148.71 feet along anon-
tangential curve concave to the southwest having a radius of 511.33 feet, a central
angle of 16 degrees 39 minutes 47 seconds and chord bearing of South 68 degrees 04
minutes 48 seconds east; thence South 44 degrees 33 minutes 55 seconds West a
distance of 48.69 feet; thence Southeasterly a distance of 96.12 feet along anon-
tangential curve concave to the southwest having a radius of 114.00 feet, a central
angle of 48 degrees 18 minutes 26 seconds and a chord bearing of South 18 degrees
47 minutes 01 seconds East; thence South 72 degrees 02 minutes 05 seconds East a
distance of 144.10 feet; thence South 17 degrees 57 minutes 55 seconds West a
distance of 112.00 feet; thence North 72 degrees 02 minutes 05 seconds West a
distance of 263.91 feet; thence South 89 degrees 57 minutes 5 seconds West a
distance of 118.93 feet; thence North 00 degrees 09 minutes. 58 seconds East a _.
distance of x2.00 feet to the point of beginning. ~.
(page 4 of 5)
The East Half of the Southwest Quarter of the Southwest Quarter of the
Southeast Quarter and the West Half of the Southeast Quarter of the Southwest
Quarter of the South®ast Quarter EXCEPT that part taken by the State of Minnesota for
Highway purpos®s;
All in Section 33, Township 28, Range 24, Hennepin County, Minnesota.
1
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