1997-63556
HRA RESOLUTION N0.635
RESOLUTION AUTHORIZING PURCHASE OF REAL
PROPERTY LOCATED AT 7332 QUEEN 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:
7332 Queen Avenue
Lot 6, Block 2, Penn Lake Terrace First Addition
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 relative to its stated 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. The purchase price is approved as follows:
Address ~ Purchase Price
7332 Queen Avenue ~ $60,000
2. That the HRA 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 Redeve
Richfield, Minnesota this 16th day of June, '
d~
Mi hael San a I Secretary
Thomas E. Harms, Ch