02-9260r
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RESOLUTION NO. 9260
RESOLUTION ESTABLISHING REVISED JUST COMPENSATION
AND AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6344 CEDAR AVENUE
AIRPORT NOISE ACQUISITION PROGRAM
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 listed
within Exhibit A 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 listed in
Exhibit A; and
WHEREAS, the owners of real property at 6344 Cedar Avenue have presented a
counter offer to the City for the purchase of the property in the amount listed in Exhibit B;
and
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 Exhibit B is hereby approved.
2. That the City's acquisition/negotiation/relocation consultant, Conworth, Inc., is
authorized to present a purchase offer of said amount listed in Exhibit B to the owners
of real property listed in Exhibit A.
Adopted by the City Council of the City of Richfield, Minnesota this 10th day of
December, 2002.
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ATTEST:
EXHIBIT A
Property Addr 55 Legal De cription
6344 Cedar Ave S Lot 1 and the South 60 Feet of Lot 2, Block 3, Iversons 3rd
Addition
Together with all abutting streets and alleys, vacated or to be
vacated, and all easements, gaps, overlaps and gores,
appurtenant thereto
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EXHIBIT B
Property Address
6344 Cedar Ave S
Settlement Offer
$625,000
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