86-06 HRA Resolution
Resolution 86-6
June 10, 1986
Commissioner Anderson introduced the following resolution and moved its adoption:
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RESOLUTION CERTIFYING THE VALUE FOR ACQUISITION BY PURCHASE OR
CONDEMNATION OF CERTAIN REAL PROPERTY FOR EFFECTUATION OF A
PORTION OF THE CENTRAL AREA OF THE GOLDEN HILLS REDEVELOPMENT PLAN
(LARSON-OLSON COMPANY)
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Golden Valley, Minnesota (the "HRA") has determined that there exists an area in
the City of Golden Valley which is a deteriorated and deteriorating area within
the meaning of Minnesota Statutes, Section 462.421; Subd. 13, and has determined
that it is necessary to initiate a revitalization program in order to eliminate
and prevent the spread of such deterioration; and
WHEREAS, the HRA and the City Council of the City of Golden Valley have
approved the Golden Hills Redevelopment Plan to eliminate and prevent the spread
of such deterioration; and
WHEREAS, it is necessary and desirable to acquire the real estate hereinafter
described in order to carry out and implement the plan of revitalization as
defined in said Plan, thereby making the land described therein useful and
valuable for contributing to the public health, safety and welfare; and
WHEREAS, it is necessary and desirable to acquire said lands in order to
eliminate the conditions found to exist in the Plan and to carry out the
redevelopment projects as defined therein; and
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WHEREAS, Resolution 86-2 adopted March 12, 1986, authorized the purchase or
condemnation of property within that part of the Southeast V4 of the North V2 of
Section 4, Township 117, Range 21, lying Easterly of Xenia Avenue South and
Southerly of Lot A, Regi stered Land Survey No. 661, Hennepin County, Mi nnesota,
except that part to be taken by the State of Minnesota for 1-394 and Xenia
Avenue South; and
WHEREAS, the HRA has authorized appraisals to evaluate the market value of
certain parcels within the aforementioned legal description for the purpose of
negotiating the purchase or initiating the condemnation of these parcels.
NOW, THEREFORE, BE IT RESOLVED by the HRA that:
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1) Property known as Larson-Olson Company, 900 Turner's Crossroad South,
legally described as:
That part of Government Lot 4, Section 4, Township 117 North, Range 21 West
of the 5th Principal Meridian, described as follows: commencing at a point
538' north of the south line of Government Lot 4, and 331 west of the east
line of Government Lot 4; thence west parallel with the south line of the
north V2 of Section 4, a distance of 630.4'; thence north 167.16', more or
less, to a point on the north line of the south 24.04 acres of said
Government Lot 4, which point is 663.41 west of the east line of said
Section 4; thence east along the said north line of the south 24.04 acres
of said Government Lot 4,630.4', more or less, to a point 331 west of the
east line Qf Section 4; thence south 165.231, more or less, to the point
of beginning, according to the United States Government Survey thereof and
situate in Hennepin County, Minnesota.
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Resolution 86-6 - Continued
June 10, 1986
lies within that property authorized for acquisition in Resolution 86-2;
2) It hereby certifies the market value of said property to be $1,347,278
including the immovable fixtures as on file at the offices of the Golden Valley
Housing and Redevelopment Authority, such value set for the purpose of making an
offer to purchase or acquire by condemnation;
3) The market value is considered the amount that would be paid to a
willing seller by a willing buyer presuming special assessments, liens and other
encumbrances, if any, are paid by the seller prior to transfer of title and
disregarding any before value of the property caused by he proposed improvements.
ATTEST:
The motion fo adoption of the foregoing resolution was seconded by
Commissioner Ba ken and upon a vote being taken thereon, the following voted
in favor thereof: Anderson, Bakken, Johnson, Stockman and Thompson; and the
following voted against the same: none, whereupon said resolution was declared
duly passed and adopted, signed by the Chair and his signature attested by the
Director.