06-9765r
RESOLUTION NO. 9765
RESOLUTION ESTABLISHING REVISED JUST COMPENSATION
AND AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6633 17TH AVENUE
WHEREAS, on September 27,2005, the City Council (the "City") approved an
Agreement with the Metropolitan Airports Commission (the "MAC") to outline the
procedures and conditions to be followed in acquiring eight residential properties along
17th Avenue, south of 66th Street East (the "Agreement"); and
WHEREAS, the City has a plan for the purchase of properties along said 17th
Avenue; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its corporate boundaries; and
WHEREAS, the real property located at 6633 17th Avenue is identified for purchase
by the City and is legally described as Lot 11, Block 2, Wexler's Addition, Hennepin
County, Minnesota, together with all abutting streets and alleys, vacated or to be vacated,
and all easements, gaps, overlaps and gores, appurtenant thereto (the "Property"); and
WHEREAS, the City has extended an offer of fair market value in the amount of
$242,000 to the owner of the Property, as determined by qualified independent
professional appraiser and reviewed by a qualified independent professional appraiser in
accordance with the Agreement; and
WHEREAS, the owner of said Property has presented a counter-offer to the City for
the purchase of the property in the amount of $255,000; and
WHEREAS, the City is authorized by contract with MAC to negotiate for the
purchase of property and to extend purchase offers to owners within 110 percent of the
appraised value, up to $25,000; and
WHEREAS, the MAC has reviewed the owner's counter-offer and approved the
purchase.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the revised just compensation amount of $255,000 for the purchase of 6633 17th
Avenue is hereby approved.
2. That the City's acquisition/negotiation/relocation consultant, SRF Consulting, Inc.,
presentation of a Purchase Agreement with purchase offer based on the revised just
compensation to the respective property owner is hereby ratified.
3. The Mayor and City Manager are authorized to execute all appropriate documents to
consummate the purchase in accordance with the approved Purchase Agreement.
Adopted by the City Council of the City of Richfield, Minnesota this 1
June, 2006.
ATTEST:
':11 ~
Nancf6~y Clerk