99-8801r
RESOLUTION NO. 8801
RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING
PURCHASE OF REAL PROPERTY
1710 78TH STREET
58
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real
property pursuant to and in furtherance of the 77th Street Project (Project) heretofore
adopted by the City of Richfield (City) said real property being described as follows:
That part of the N. 180.26 feet of the S. % of the S.E. % of the S.E. %, Line E. of the W.
722 feet thereof, except road and highway. In Section 25, Township 028, Range 24, in
Hennepin County, Minnesota.
WHEREAS, the City has adopted an official map for improvements to 77th
Street; and
WHEREAS, the improvements to 77th Street necessitate the purchase of real
property; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its jurisdiction; and
WHEREAS, Minnesota Department of Transportation (MnDOT) and Federal
Highway Administration (FHWA) are funding this project; and
WHEREAS, continued ownership of this property is an economic hardship for the
current owner; and
WHEREAS, the City has caused appraisals for the subject property to be made
by qualified independent professional real estate appraisers to determine fair market
value; and
WHEREAS, a qualified review appraiser has certified the appraisal report as to
conformity with appraisal standards and has certified same.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. That just compensation if any is determined to be $617,000.
2. That the City Manager is authorized and directed to submit the offer and commence
negotiations for the purchase of said real property following MnDOT approval.
3. That the City Manager and Mayor are authorized to execute purchase agreements
for the amount of just compensation set forth in this resolution.
4. That following MnDOT approval, the City Manager is hereby directed to notify, in
writing, the owners of subject property that the City intends to acquire this property
and establish eligibility for relocation benefits.
Adopted by the City Council of the City of Richfield Minnesota this 22nd day of
November, 1999.'
ATTEST: I?/';,
~-r~
Thomas P. Ferber, City Clerk