90-11 HRA Resolutions
Resol ution 90-11
Nov anb er 20, 1990
Commission Anderson 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
(M&I AUTO SUPPLY BUILDING)
(7811 GOLDEN VALLEY ROAD, 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
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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
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-
abl e for contributing to the publ ic health, safety and wel fare; 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 i fi ed independent professional real estate apprai ser,
who has compl eted a written report documenting said val ues; 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 certifi ed the market val ue of said property 1 egally
described as foll ows to be $165,000:
Lots 50 and 55; the West 57.5 feet of Lot 49 and the West 57.5 feet of
that part of Lot 57, lying north of Lot 56 and between the east 1 ine of
Lot 55 and an extension north to Sixth Avenue North of the east 1 ine of
said Lot 56, all in "Auditor's Subdivision Number 322, Hennepin County,
Minnesota" .
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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
1 ands are to be acquired are proper and necessary publ ic purposes.
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Resolution 90-11 - Continued
1990
The motion f 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.