00-8910r
59
RESOLUTION NO. 8910
RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING
PURCHASE OF REAL PROPERTY LOCATED AT 6301,6311,6325,6341,6405,
6525, AND 6533 CEDAR AVENUE; AND OUTDOOR ADVERTISING SIGNS
LOCATED AT 6315, 6405, AND 6537 CEDAR AVENUE
(66TH STREET I TH 77 INTERCHANGE PROJECT)
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real
property, immovable fixtures and equipment, and outdoor advertising signs pursuant to
and in furtherance of the 66th StreetITH 77 Interchange Project (Project) heretofore
adopted by the City of Richfield (City) said real property and outdoor advertising signs
being described on Exhibit A, 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 outdoor advertising signs; 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 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 City has caused appraisals for the outdoor advertising signs to be
made bya qualified independent professional appraiser to determine salvage value of the
outdoor advertising signs; and
WHEREAS, a qualified review appraiser has certified the real estate appraisal
reports as being in conformity with appraisal standards; and
WHEREAS, a qualified fixture review appraiser has certified the immovable fixtures
and equipment appraisal reports as being in conformity with appraisal standards; and
WHEREAS, MAC has 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 outdoor advertising
signs and concurs that such amounts should be determined by the City Council as the just
compensation for such properties, as indicated in Exhibit A; and
WHEREAS, MAC has also recommended that the City proceed to make offers to
the owners of the properties and outdoor advertising signs in the just compensation
amounts as indicated within Exhibit A.
WHEREAS, the just compensation amounts indicated within Exhibit A 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 each of the individual parcels of real estate and the
immovable fixtures and equipment relating thereto, and outdoor advertising signs are
found to be the amounts indicated in Exhibit A.
2. That the City's agent, Conworth, Inc. is authorized and directed to submit to property
owners the City's offer to pay such just compensation amount for all interests in each
such 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 properties that the City intends to acquire the property indicated in Exhibit A and
establish eligibility for relocation benefits.
4. That the City Manager and Mayor are authorized 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 of just compensation set forth in this resolution.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
August, 2000.
~~u
Martin J. Kir , Mayor
ATTEST:
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Thomas P. Ferber, City Clerk \..-
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