90-10 HRA Resolutions
Resol ution 90-10
Novanber 20, 1990
Commission Thompson introduced the following resolution and moved its adoption:
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RESOLUTION AUTHORIZING THE ACQUISITION BY PURCHASE OF CERTAIN REAL PROPERTY
FOR EFFECTUATION OF A PORTION OF THE VALLEY SQUARE REDEVELOPMENT PLAN
(DOWN IN THE VALLEY BUILDING)
(540 WINNETKA AVENUE NORTH, GOLDEN VALLEY, MINNESOTA)
WHEREAS, The Housing and Redevelopment Authority in and for the City of
Golden Vall ey, Minnesota (the "HRA") has determined that there exists an area in
the City of Golden Vall ey 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 Vall ey have
approved the Vall ey Square Redevelopment Pl an to el iminate and prevent the
spread of such deterioration; and
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WHEREAS, it is necessary and desirabl e to acquire the real estate herinafter
described in order to carry out and impl anent the pl an of revital ization as
defined in said Pl an, thereby making the 1 and described therein useful and val u-
able for contributing to the public health, safety and welfare; and
WHEREAS, it is necessary and desirabl e to acquire said 1 ands in order to
el iminate the conditions found to exist in the Pl an and to carry out the
redevelopment projects as defined therein; and
WHEREAS, the HRA has had the property appraised in order to determine its
fai r market val ue by a qual ifi ed independent professional real estate apprai ser,
who has compl eted a written report documenting said val ues; and
WHEREAS, another qual ifi ed apprai ser has revi €Wed thi s apprai sal report and
has on fil e a 1 etter setting forth his opinion as to fair market value; and
NOW, THEREFORE, BE IT RESOLVED by the HRA as follows:
1. That it approves acquisition of the 1 and described in the attached
Purchase Agreanent, that the attached Purchase Agreanent is approved and the
Director and Chair are authorized to execute it on behal f of the HRA and take
all actions necessary to carry out its terms.
2. That the HRA hereby certified the market value of said property legally
described as follows to be $145,000:
Lot 56 except the easterly 111 feet thereof, "Auditor's Subdivision
Number 322, Hennepin County, Minnesota".
BE IT FURTHER RESOLVED that the acquisition of the above-described real
estate is necessary and desirabl e, and the purposes aforesaid for which said
lands are to be acquired are proper and necessary public purposes.
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Resolution 90-10 - Continued
Qc12er 20, 1990
Ray B. Stockman, Ch ai r
The motion r the adoption of the foregoing resolution was seconded by
Commissioner Johnson and upon a vote being taken thereon, the following voted in
favor thereof: Anderson, Bakken, Johnson, Stockman and Thompson and the follow-
ing voted against the same: none, whereupon said resol ution was decl ared duly
passed and adopted, signed by the Chair and his signature attested by the
Director.