1996-6032
HRA RESOLUTION N0.603
RESOLUTION AUTHORIZING PURCHASE
OF REAL PROPERTY LOCATED AT
7421 EMERSON AVENUE
FOR THE RICHFIELD REDISCOVERED PROGRAM
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
follows:
Lot 18, Block 14, Irwin Shores Addition
WHEREAS, the HRA is authorized by Minnesota Statutes 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 professional real estate appraiser and has negotiated a purchase price with
the owner 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:
Richfi
Thomas E. Harms, Chair
ATTEST:
~~C`
Vem Luetting~r, Secretary
1. The approved purchase price for 7421 Emerson Avenue is $59,000.
2. 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 Auth 'ty in and for the City of
eld, Minnesota this 16th day of September, 19