00-8883r
32
RESOLUTION NO. 8883
RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING
PURCHASE OF REAL PROPERTY
6521 CEDAR AVENUE
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real
property pursuant to and in furtherance of the 66th Street/T.H. 77 Interchange Project
(Project) heretofore adopted by the City of Richfield (City) said real property being
described as follows:
Lot 6 and the South 30 feet of Lot 5, Block 1, New Ford Town Addition, 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 City has adopted a layout for Project improvements; and
WHEREAS, the Project improvements necessitate the purchase of real property;
and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its corporate boundaries; and
WHEREAS, the Metropolitan Airports Commission (MAC) is initially funding the
Project; and
WHEREAS, the City has caused appraisals for the subject property 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, a qualified review appraiser has certified the appraisal reports as being
in conformity with appraisal standards; and
WHEREAS, a qualified fixture review appraiser has certified the fixture appraisal
report as being in conformity with appraisal standards; and
WHEREAS, MAC has reviewed all appraisal reports and review appraisal reports
prepared for the subject property and has recommended that the just compensation for
the real estate be determined by the City Council to be $535,000, and that the just
compensation for the immovable fixtures and equipment appurtenant thereto be
determined by the City Council to be $24,750.
WHEREAS, MAC has also recommended that the City proceed to make an offer
to the owner of the subject property in the above stated just compensation amounts.
WHEREAS, the above stated just compensation amounts are consistent with
said appraisal reports and review appraisal reports.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. That the total just compensation for the above described real estate and immovable
fixtures and equipment is determined to be $559,750.
2. That the City's agent, Conworth, Inc. is authorized and directed to submit to the
property owner the City's offer to pay such just compensation amount for all interest
in the subject property and commence negotiations for the purchase of said
property.
3. That the City's agent, Conworth, Inc. is hereby directed to notify, in writing, the
owners of the subject property that the City intends to acquire this property and
establish eligibility for relocation benefits.
4. That the City Manager and Mayor are authorized to execute purchase agreements in
form acceptable to them and take all other actions necessary to complete the
purchase of the property for the amount of just compensation set forth in this
resolution.
Adopted by the City Council of the City of Richfield, Minnesota this 30th day of
May, 2000.
17?:t~ U
Martin J. · ir . ,/Mayor
ATTEST:
~fimJJA p~
Thomas P. Ferber, City Clerk