88-04 HRA Resolution
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Resolution 88-4
October 11, 1988
Commissioner Bakken introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZI NG THE ACQUISITION BY PURCHASE AND
CERTIFYING THE VALUE FOR ACQUISITION BY PURCHASE
OF CERTAIN REAL PROPERTY FOR EFFECTUATION OF A PORTION
OF THE NORTH ~HRTH PARKWAY REDEVELOPMENT PLAN
(MARGIE R. SAX RESIDENCE - 817 SUNNYRIDGE LANE)
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 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 North Wirth Parkway 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:
NOW, THEREFORE, BE IT RESOLVED, by the HRA as follows:
1. That the land hereinafter described be acquired by purchase and the
HRA's Director and its Attorney, or such other person(s) as shall be duly
designated and di rected,are hereby authorized and di rected to take all
necessary steps and to execute all necessary documents in connection with the
acquisition of said real estate, to-wit:
Lot 257, Glenwood, Hennepin County, Minnesota
2. That the HRA hereby offers $43,000 for said property.
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.
BE IT FURTHER RESOLVED that the acquisition of the above-described real
estate is necessary and desirable, and the purposes aforesaid for which said
lands are to be acquired and proper and necessary public purposes.
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Resolution 88-4 - Continued
October 11, 1988
ATTEST:
Wi
he adoption of the foregoing resolution was seconded by
Commissioner Jo nson 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
Di rector.