1997-64465
HRA RESOLUTION N0.644
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6820 PORTLAND AND 7025 NICOLLET AVENUES
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 attached; and
WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to
acquire real property within its area of operation; and
WHEREAS, the properly meets all program requirements for acquisition; and
1
WHEREAS, the HRA has caused an appraisal of the subject property to be
made by a qualified, independent professional real estate appraiser and has a
negotiated 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:
1. The purchase price for 6820 Portland Avenue is approved at $60,000.
2. The purchase price for 7025 Nicollet Avenue is approved at $69,000.
3. The Chairperson and Executive Director are authorized to execute a Purchase
Agreement or other documents to allow purchase for the amounts set forth in this
resolution.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 20th day of ®ctober, 1997.
homas E. Harms, Chair
ATTFST~