01-9008r
RESOLUTION NO. 9008
40
RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING
PURCHASE OF REAL PROPERty LOCATED AT 7600-7720 PENN AVENUE
AND AT 7744 PENN AVENUE
(PENN AVENUE BRIDGE AT 1-494 PROJECT)
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real
property, immovable fixtures and equipment, pursuant to and in furtherance of the Penn
Avenue Bridge at 1-494 Project (Project) heretofore adopted by the City of Richfield (City)
said real property being described on Exhibit A and on Exhibit B, together with all abutting
streets and alleys, vacated or to be vacated, and all easements, gaps, overlaps and gores,
appurtenant thereto; and
WHEREAS, the City has adopted a layout for Project improvements; and
WHEREAS, the Project improvements necessitate the purchase of real property,
immovable fixtures and equipment appurtenant thereto; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its corporate boundaries; and
WHEREAS, the Best Buy Company is initially funding the purchase of real estate
for the Project; and
WHEREAS, the City has caused appraisals for the properties to be made by
qualified independent professional appraisers to determine fair market value of real estate
and immovable fixtures and equipment appurtenant thereto; and
WHEREAS, the review appraiser's opinion of just compensation has not yet been
received with respect to the takings from Century Court Apartments; and
WHEREAS, a qualified review appraiser has certified the real estate appraisal
reports as being in conformity with appraisal standards; and
WHEREAS, a qualified review appraiser has certified the immovable fixtures and
equipment appraisal reports as being in conformity with appraisal standards; and
WHEREAS, the Richfield Public Works Department and City Attorney have
reviewed all appraisal reports and review appraisal reports prepared for the properties and
the City staff recommendations of just compensation for the real estate, immovable fixtures
and equipment relating thereto, and concur that such amounts should be determined by
the City Council as the just compensation for such properties, as indicated in Exhibit A;
and
WHEREAS, the Richfield Public Works Department has also recommended that the
City proceed to make offers to the owners of the properties in the just compensation
amounts of $685,105 for the Citgo Service Station real estate and fixtures; and
WHEREAS, the just compensation amounts indicated are consistent with said
appraisal reports and review appraisal reports.
WHEREAS, it is requested that the City Manager be granted the authority to
determine just comp~n~ation for the takings from Century Court Apartments based upon
the review appraiser's 9pinion when th~t opinion is received; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the total just compensation for each of the individual parcels of real estate and the
immovable fixtures and equipment relating thereto are found to be the amounts
indicated in Exhibit A.
2. That the City Manager be authorized to determine just compensation for the property
described in Exhibit B when he receives the review appraiser's opinions for said
property.
3. That the City's agent, Kennedy and Graven, is authorized and directed to submit to
property owners the City's offer to pay Sl,.Ich just compensation amount for all interests
in each property listed on Exhibit A or Exhibit B and commence negotiations for the
purchase of said property.
4. That the City's agent, Kennedy, and Graven is hereby directed to notify, in writing, the
owners of the properties that the City intends to acquire the property indicated in
Exhibit A and establish eligibility for relocation benefits.
5. That the City Manager and Mayor are authqri?ed to execute purchase agreements in a
form acceptable to them and take all other actions necessary to complete the purchase
of the properties for the amount qfjust compensation set forth in this resolution or as to
Exhibit B established by th,e Director of Public Works.
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Adopted by the City Council of the Gity of Richfield, Minnesota this 12th day of
February, 2001.
h;~IU
Martin J. h, Mayor
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