1996-5823
HRA RESOLUTION N0.582
RESOLUTION AUTHORIZING PURCHASE
OF REAL PROPERTY LOCATED AT:
7636 THIRD 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 property being described
as attached; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operations; and
WHEREAS, the property-meets all program requirements for acquisition; and
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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 $59,000; 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 $59,000.
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 15th day of April, 1996.
omas E. Harms, Chair
ATTEST:
Vern Luettinger,
Resolution No. 582
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LEGAL DESCRIPTION
for 7636 Third Avenue South
The South 75 feet of that part of Govemment Lot 1, Section 34, Township 28 North,
Range 24 West, of the 4th Principal Meridian, described as follows: Commencing at a
point conesponding to the Northeast comer of Southeast 114 of Northeast 1I4 of
Southwest 1i4 of Southeast 1/4 of said Section 34, Township 28, Range 24; thence
West parallel with the North line of said Govemment Lot 1 to a point in a line
corresponding to the West line of East 1/4 of Northeast 1/4 of Southwest 1/4 of
Southeast 1/4 of said Section; thence Southerly along said West line a distance of 150
feet; thence East paralle! with the North line of said Govemment Lot 1 to said line
corresponding to the East line of the Southwest 1/4 of Southeast 1/4 of said Section;
thence North along said line to beginning.
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