89-03 HRA Resolution
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Resolution 89-3
July 11, 1989
Commissioner Anderson introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE ACQUISITION BY PURCHASE AND
CERTIFYING THE VALUE FOR ACQUISITION BY PURCHASE OF
CERTAIN REAL PROPERTY FOR EFFECTUATION OF A PORTION
OF THE NORTH WIRTH PARKWAY REDEVELOPMENT PLAN
(OTTO BOCK U.S., INC. - 4130 OLSON MEMORIAL HIGHWAY)
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; and
WHEREAS, the HRA has had a certain parcel of real property to be acquired
appraised for its fair market value by a qualified independent professional real
estate appraiser, who has completed a written report documenting said value; and
WHEREAS, the property owner also hired a qualified independent professional
real estate appraiser to complete a written report documenting said value; and
WHEREAS, representatives of the HRA and the property owners have met and
negotiated on the value of said property;
NOW, THEREFORE, BE IT RESOLVED by the HRA as follows:
1. That is approves acquisition of the land described in the attached
Purchase Agreement, that the attached Purchase Agreement is approved and the
Director and Chair are authorized to execute it on behalf of the HRA and take
all actions necessary to carry out its terms.
2. That the HRA hereby certifies the market value of said property to be
$767,000.
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 are proper and necessary public purposes.
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Resolution 89-3 - Continued
July 11, 1989
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Chair
The motion for t e adoption of the foregoing resolution was seconded by
Commissioner Th mpson 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.