93-8077r34
RESOLUTION N0. 8077
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
1524 and 1600 East 77th Street
77th Street Project
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 1524 and 1600
East 77th Street being described as follows:
Tracts C, D, and E, Registered Land Survey No. 1003,
according to the map or plat thereof on file or of record in the
office of the Registrar of Titles in and for Hennepin County,
Minnesota; and
WHEREAS, on August 23, 1993, the City did set and approve
just compensation for said real property in the amount of
$996,600; and
WHEREAS, said properties are two (2), twenty three (23)
unit, multi-family rental apartment buildings with tenants
currently residing on prEmises whose occupancy will cease at
various times, and an adjacent undeveloped parcel of land; and
WHEREAS, on September 27, 1993 the City Council authorized
condemnation of said real property; and
WHEREAS, an opportunity to settle with the owner on value of
said real property is now .available; and
WHEREAS, the owner is agreeable to selling said real
property at $1,245,000; and
WHEREAS, no additional dollars would be paid to the owner
for relocation benefits; and
WHEREAS, acceptance of said offer by the City would avoid
the .necessity for continuing with the condemnation process and,
therefore, obtaining title in a timely manner.
WHEREAS, the property owner has agreed to dismiss with
prejudice a separate lawsuit against the City.
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 $1,245,000 as the result of a negotiated
settlement.
2. That the City Manager and Mayor are authorized to
execute those documents necessary to effectuate a purchase.
Resolution No. 8077
Page 2
Adopted by the City Council of the City of Richfield,
Minnesota this 13th day of December, 1993.
Martin J. Kirsch, Mayor
ATTEST:
Thomas P. Ferber, City Clerk