95-8245r
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RESOLUTION NO. 8245
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF PROPERTY 6929 PENN AVENUE
WHEREAS, The City of Richfield, Minnesota desires to purchase certain real
property impacted by storm water said real property being described as:
. 6929 Penn Avenue
Lot 16, Block 10, Tingdale Bros',
Lincoln Hills Addition
WHEREAS, said acquisitions are contingent upon the voluntary sale of the
property by owners who would waive any and all potential relocation benefits; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its jurisdiction; and
WHEREAS, the City has 'caused appraisals of the subject property to be made
by qualified independent professional real estate appraisers to determine fair market
value; and
WHEREAS, the owner of said property provided an appraisal report completed
by a professional appraiser of their selection; and
WHEREAS, a certified review appraiser has evaluated the appraisal reports; and
WHEREAS, the owner is agreeable to a sale at $89,500.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota:
That the City Manger and Mayor are authorized to execute appropriate documents in
the amount of $89,500.
Adopted by the City Council of the City of Richfield, Minnesota this 8th day of
MAY, 1995.
heM
Martin J. Kirs
ATTEST: ~ ~
c-;fI~ - ~~.
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Thomas P. Ferber, City Clerk