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RESOLUTION NO. 9157
RESOLUTION AUTHORIZING EXECUTION OF A
STIPULATION OF FINAL SETTLEMENT FOR 6511 CEDAR AVENUE (PARCEL 19)
(66TH STREET/TRUNK HIGHWAY 77 INTERCHANGE PROJECT)
WHEREAS, the City of Richfield, Minnesota (the "City") acquired the property
located at 6511 Cedar Avenue in eminent domain proceedings in furtherance of the 66th
Street/Trunk Highway 77 Interchange Project (the "Project"), said property being described
as follows (the "Subject Property"):
Lot 4, Block 1, and the North 20 feet of Lot 5, Block 1, New Ford Town,
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 Project; and
WHEREAS, the City Attorney has negotiated a final settlement in the amount of
$437,550 for the real estate plus $5,655 for immovable fixtures (or a total amount of
$443,205), plus interest and appraisal fees; and
WHEREAS, MAC staff concurs with the amount of the settlement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the proposed settlement amount of $443,205 plus interest and appraisal fees is
hereby approved.
2. That the City Manager and Mayor are authorized to execute the Stipulation of Final
Settlement and take all other actions necessary to complete the obligations of the City
pursuant to its terms.
3. That the City Attorney is authorized to take all actions necessary to complete the
obligations of the City pursuant to the Stipulation of Final Settlement.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
March, 2002.
ATTEST:
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Na~ City Clerk