01-9118r
50
RESOLUTION NO. 9118
RESOLUTION AUTHORIZING EXECUTION OF A
STIPULATION OF FINAL SETTLEMENT FOR 6333 CEDAR AVENUE (PARCEL 5)
(66TH STREET/TRUNK HIGHWAY 77 INTERCHANGE PROJECT)
WHEREAS, the City of Richfield, Minnesota (the "City") acquired the property
located at 6333 Cedar Avenue in eminent domain proceedings in furtherance of the 66th
Streetrrrunk Highway 77 Interchange Project (the "Project"), said property being described
as follows (the "Subject Property"):
Lots 9 and 10, Block 15, 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 settlement in the amount of
$518,000 for the subject property including fixtures, 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 $518,000 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 10th day of
December, 2001.
7J;;;i;,;~U
Martin J. Kirsch, ayor
ATTEST: