03-9299r
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RESOLUTION NO. 9299
RESOLUTION ESTABLISHING REVISED JUST COMPENSATION
AND AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 662618TH AVENUE SOUTH
AIRPORT NOISE ACQUISITION PROGRAM
121
WHEREAS, on September 10, 2001, the City Council approved the acquisition
strategy for residential property in the airport mitigative area, using $10 million in federal
funds secured by Congressman Sabo; and
WHEREAS, on March 26, 2002, the City Council approved an agreement
(Agreement) with the Metropolitan Airports Commission (MAC) to provide $10 million of
Federal Aviation Administration (FAA) airport improvement program funds to the City of
Richfield to purchase properties (including all related costs) that are, or will be, negatively
impacted by airport operations; and
WHEREAS, within the aforementioned airport mitigative area the real property
located at 6626 18th Avenue South is identified for purchase; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its corporate boundaries; and
WHEREAS, the City has extended an offer of fair market value, as determined by
qualified independent professional appraisers, to the owners of real property located at
6626 18th Avenue South; and
WHEREAS, the owners of real property at 6626 18th Avenue South have presented
an additional appraisal report valuing the property at $170,000 to City staff for the
aformentioned property;
WHEREAS, the City is authorized 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.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the revised just compensation in an amount of $170,000 is hereby approved.
2. That the City's acquisition/negotiation/relocation consultant, Conworth, Inc., is
authorized to present a purchase offer of said amount to the owners of real property
listed identified as 6626 18th Avenue South.
Adopted by the City Council of the City of Richfield, Minnesota this 11th day of
February, 2003.
ATTEST:
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Nancy Gibb~City Clerk