86-07 HRA Resolution
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Resolution 86-7
June 10, 1986
Commissioner Johnson introduced the following resolution and moved its adoption:
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
(GOLDEN VALLEY BUSINESS CENTER)
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
WHEREAS, Resolution 86-2 adopted March 12, 1986, authorized the purchase or
condemnation of property within that part of the Southeast 1/4 of the North In of
Section 4, Township 117, Range 21, lying Easterly of Xenia Avenue South and
Southerly of Lot A, Registered Land Survey No. 661, Hennepin County, Minnesota,
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:
1) Property known as Golden Valley Business Center, 950-1000 Turner's
Crossroad South, legally described as:
Commencing at a point on the East line of Government Lot 4 a distance of
300 feet North from the Southeast corner thereof, thence West 233 feet,
thence South 150 feet, thence West 300.4 feet, thence North 100 feet,
thence West 130 feet, thence North to a point 538 feet North from the South
line of said lot, thence East to the East line thereof, thence South to
beginning except roadway, Section 4, Township 117, Range 21.
lies within that property authorized for acquisition in Resolution 86-2;
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Resolution 86-7 - Continued
June 10, 1986
2) It hereby certifies the market value of said property to be $1,960,116
including the immovable fixtures on the property as on file at the office 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 the proposed improvements.
RaY~~
Di rector
The motion r the adoption of the foregoing resolution was seconded by
Commissioner hompson 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.