93-8046rRESOLUTION NO. 8046
RESOLUTION ESTABLISHING JUST COMPENSATION
AUTHORIZING PURCHASE OF REAL PROPERTY
1524 East 77th Street, 1600 east 77th Street
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:
Except Roads, Tract C, Registered Land Survey No. 1003,
Hennepin County, Minnesota
aka 1524 East 77th Street;
Except Road, Tract D, Registered Land Survey No. 1003,
Hennepin County, Minnesota
aka 1600 East 77th Street.
WHEREAS, the City has adopted an official map for
improvements to 77th Street; and
WHEREAS, the City is authorized by Minnesota Statutes to
acquire real property within its jurisdiction; and
WHEREAS, the Minnesota Department of Transportation (MnDOT)
and Federal Highway Administration (FHWA) are funding this
project; 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, 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 is determined to be:
5946,900 for both 1524 East 77th Street and 1600 East 77th
Street.
2. That the City Manager is authorized and directed to commence
negotiations for the purchase of said real property.
3. That the City Manager and Mayor are authorized to execute a
purchase agreement for the amount of just compensation set
forth in this resolution.
4. That the City Manager is hereby directed to notify, in
writing, the owners of subject property as soon as possible
that the City intends to acquire his/her property and
establish eligibility for relocation benefits.
Adopted by the City Council of
Minnesota this 23rd day of August,
ATTEST:
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Thomas P. Ferber, City Clerk
the City of Richfield,
1993.
Martin J. Kir ch, Mayor
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