93-8047r4
RESOLUTION NO. 8047
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION
AUTHORIZING PURCHASE OF REAL PROPERTY
Tract E, Registered Land Survey No. .1003
WHEREAS, the City of Richfield, Minnesota desires to
purchase certain real property for parkland purposes in
furtherance of maintaining and expanding City parks said real
property described as:
Tract E, Registered Land Survey No. 1003, Hennepin
County, Minnesota.
WHEREAS, the subject real property is undeveloped
residential land which adjoins Washington Park; and
WHEREAS, a partial taking by the 77th. Street project will
result in a loss of parkland at Washington Park; and has resulted
in a loss of parkland at Roosevelt Park; and
WHEREAS, the City has adopted an official map for
improvements for 77th Street which references the taking of
parkland; and
WHEREAS, the City is authorized by Minnesota Statutes to
acquire real property within its jurisdiction; and
WHEREAS, the acquisition of the undeveloped residential land
is a mitigative action discussed in the Environmental Assessment;
and
WHEREAS, the funding for the acquisition of this undeveloped
land will be provided from the sale proceeds of the partial
taking from Washington Park and Roosevelt Park which was funded
by the Minnesota Department of Transportation (MnDOT) and the
Federal Highway Administration (FHWA) for the 77th Street
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.
Resolution No. 8047
Page 2
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 $49,700.
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 the City of Richfield,
Minnesota this 23rd day of August, 1993.
G
Martin J.Ki sch, Mayor
;~
ATTEST:
Tomas P . 'Ferber, City Cler