97-8441r
16
RESOLUTION NO. 8441
RESOLUTION AUTHORIZING JUST COMPENSATION FOR PROPERTY ACQUISITION
AT 6311 PORTLAND AVENUE
WHEREAS, the City of Richfield, Minnesota desires to purchase certain real property
said real property being described as follows:
6311 Portland Avenue
Unplatted 26-028-24 beginning at a point on the
west line of Section distant 771.435 feet from
the northwest corner thereof thence east at
right angles 178 feet thence south at right
angles 75 feet thence west at right angles to
west line of Section thence north to beginning
except road.
WHEREAS, said acquisition is contingent upon the voluntary sale of this property; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its jurisdiction; and
WHEREAS, the funds have been provided by the City and are available from the
water fund for acquisition of this parcel; and
WHEREAS, the City has caused an appraisal of the subject property to be made by
qualified independent professional real estate appraisers to determine fair market value.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the approved purchase price for 6311 Portland Avenue is $155,000.
2. That the City Manager and Mayor are authorized to execute a purchase agreement and
other appropriate agreements to effectuate the purchase for the amount set forth in this
resolution.
Adopted by the City Council of the City of Richfield, Minnesota this 27th day of January,
1997.
:0~~W
Martin J. Kirs ,Mayor
ATTEST:. ..) /\
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Thomas P. Ferber, City Clerk