03-9288r
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RESOLUTION NO. 9288
RESOLUTION RATIFYING A STIPULATION AND SETTLEMENT AGREEMENT
FOR 1820 EAST 66TH STREET
(PARCEL 25, BP PRODUCTS NORTH AMERICA, INC., F/KlA AMOCO OIL COMPANY)
(66TH STREET I TRUNK HIGHWAY 77 INTERCHANGE PROJECT)
WHEREAS, the City of Richfield, Minnesota (the "City") acquired the property
located at 1820 East 66th Street in eminent domain proceedings in furtherance of the 66th
Street I Trunk Highway 77 Interchange Project (the "Project"), said property being
described as follows (the "Subject Property"):
Lot 1, Lot 13, and the South 50 feet of Lot 2, Block 1, Iverson's 3rd 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; and
WHEREAS, the Metropolitan Airports Commission (the "MAC") is initially funding
the Prpject; and
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WHEREAS, the City Attorney has negotiated a final settlement in the amount of
$792,810 for the real estate, immovable fixtures, and other tangible and intangible goods
and services, plus interest and appraisal fees; and
WHEREAS, MAC staff was closely involved with the negotiations undertaken by the
City Attorney and has approved the amount of the settlement in accordance with the
Stipulation and Settlement Agreement (the "Agreement").
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the proposed settlement amount of $792,810 plus interest and appraisal fees are
hereby ratified;
2. That the MAC and City staff gave the City Attorney authority to enter into the
Agreement in order to meet the terms of the Agreement in a timely manner and that
these actions are hereby ratified;
3. That the City Manager and Mayor are authorized to take all other actions necessary to
complete the obligations of the City pursuant to its terms; and
4. That the City Attorney is authorized to take all actions necessary to complete the
obligations of the City pursuant to the Agreement.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
January, 2003'~_D
ATTEST: