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HRA RESOLUTION 83-006 ESTABLISHING JUST COMPENSATION, AUTHORIZING PURCHASE WHEREAS, the 51. Anthony Housing & Redevelopment Authority (HRA) is carrying out a Redevelopment Project and; WHEREAS, the acquisition of the real property known as 2601 Kenzie Terrace N.E. Hennepin County, Minnesota (legal description attached), would further the implementation of this project and; WHEREAS, the HRA is authorized by Minnesota Statutes, Section 462.411 et. seq. to purchase real property and; WHEREAS, the Planning Commission has found the proposed purchase to be consis- tent with the Comprehensive Plan and; WHEREAS, the City Council has approved the redevelopment Plan and; WHEREAS, the HRA has caused an appraisal of the subject property to be made by a qualified independent professional real estate appraiser to determine its fair market value and; WHEREAS, a qualified appraiser has reviewed the appraisal report, made an on-site inspection of the property.and has prepared a written report setting forth his opinion as to fair market value and; WHEREAS, the appraisal work has been performed in a competent manner in accor- dance.with applicable State law, the Uniform Relocation Assistance and Real Property Acquisition Act, and Department of Housing & Urban Development poli- cies and requirements; NOW, THEREFORE, BE IT RESOLVED by the St. Anthony Housing & Redevelopment Authority: I. That the fair market value of $190,032 is hereby adopted as fair and just compensation. 2. That the Executive Director, HRA Attorney and Consultant are authorized to take all necessary actions to purchase the property, including starting the procedure for Eminent Domain. • Passed by the St. Anthony Housing & Redevelopment Authority this day of 198 . Chairman Secretary ATTEST: Executive Director •