93-8069r26
RESOLUTION NO. 8069
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 7642-44 OAKLAND AVENUE SOUTH
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 located at 7642-44 Oakland
Avenue South, being described as follows:
Lot 7, Block 3, Mattson Heights 3rd Addition
Hennepin county, Minnesota; and
WHEREAS, on .June 28, 1993, the City did set and approve just
compensation for said real property in the amount. of $119,000.00;
and
WHEREAS, said property is a double bungalow residence with
tenants currently residing on premises whose occupancy will cease
at various times after closing.; and
WHEREAS, the owner accepted the City's offer of $120,500 and
acceptance of said offer avoids the necessity of initiating
condemnation to obtain title in a timely manner.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield, Minnesota as follows:
1. That it is in the best interest of the City and this
project to pay the owner additional compensation of $1,500.
2. That the City Manager and Mayor are authorized to
execute a purchase agreement for the amount of purchase not to
exceed $120,.500.
Adopted by the City Council of the City of Richfield,
Minnesota this 8th day of November, 1993.
/ ,
Martin J. K sch, Mayor
ATTEST:
Thomas P. Ferber, City Clerk