HRA Resolution 1996-4HRA RESOLUTION 1996- 4
HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF MONTICELLO
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Monticello ( "Authority ") administers its Redevelopment Project No. 1 (the "Project ") in the
city of Monticello, pursuant to Minnesota Statutes, Sections 469.001 to 469.047 (the "HRA
Act"); and
WHEREAS, the Authority is authorized under the HRA Act to acquire, including by
exercise of the powers of eminent domain, real property that is necessary to eliminate blight
or to carry out the Project; and
WHEREAS, the Authority has determined a need to acquire certain property in the
city located in the Project area described as Lots 7 and 8, Block 2, except the southeasterly
16.5 feet of the southwesterly 90 feet of Lot 8 (the "Property "), which property is currently in
blighted condition and acquisition of which is necessary to carry out the Authority's goals
and objectives for downtown redevelopment and the Project as a whole; and
WHEREAS, in lieu of acquisition of the Property by the Authority through eminent
domain, the owner of the Property has proposed and the Authority has reviewed that certain
Standard Purchase Agreement between the Authority and Barry D. Fluth and Barbara A. Fluth
(the "Purchase Agreement ") providing for acquisition of the Property by the Authority;
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Authority in and for the City of Monticello as follows:
1. The Authority finds and determines that acquisition of the Property by
exercise of the Authority's power of eminent domain is necessary in order to eliminate
blighted conditions and to carry out the redevelopment plan for the Project.
2. In lieu of acquisition through eminent domain, the Authority approves the
Standard Purchase Agreement in substantially the form presented to the Authority.
3. The proper Authority officials are authorized to execute the Standard
Purchase Agreement and to acquire the Property in accordance therewith.
4. Authority officials and staff are authorized to execute any documents or
certificates and take any other actions necessary to acquire the Property under the terms of
the Purchase Agreement.
Approved by the Housing and Redevelopment Authority in and for the City of
Monticello this 6 day of May, 1996.
Chair
ATTEST:
0 R
Executive Director